KGI Kirkland Lake

 
TIDMKGI 
 
Kirkland Lake Gold Achieves Fiscal 2015 Guidance Producing 155,709 Ounces of Gold and Provides Fiscal 2016 Guidance 
 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
May 13, 2015 
 
Kirkland Lake Gold Achieves Fiscal 2015 Guidance Producing 155,709 Ounces of Gold and Provides Fiscal 2016 
Guidance 
 
TORONTO, ONTARIO--(Marketwired - May 13, 2015) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ("Kirkland Lake 
Gold" or the "Company"), an operating and exploration gold mining company, is pleased to announce annual gold 
production of 155,709 ounces for fiscal 2015 (May 1, 2014 to April 30, 2015, "F2015"), and to provide 
production guidance for fiscal 2016 ("F2016"). 
 
FQ4 and F2015 Production Highlights: 
 
/T/ 
 
=-  Achieved middle range of revised annual production guidance of between 
    153,000 - 157,000 ounces, having sold 155,709 ounces of gold for fiscal 
    2015. 
=-  Milled 92,532 tons of ore at a head grade of 0.42 ounces per ton ("opt") 
    or 14.4 grams per tonne ("g/t") at a recovery rate of 96.6% and sold 
    39,109 ounces of gold sold during FQ4. 
=-  The Company had cash and cash equivalents of $80.3 million as at April 
    30, 2015. 
 
/T/ 
 
F2016 Guidance: 
 
/T/ 
 
=-  Gold production guidance of 150,000 - 170,000 ounces at an anticipated 
    average head grade of 0.43 opt (14.7 g/t) and average throughput of 
    between 1,000 - 1,140 tonnes per day ("tpd"). 
 
/T/ 
 
Mr. George Ogilvie, President & Chief Executive Officer commented, "We are very pleased to have met the middle 
range of our revised production guidance, and beat our guidance on grade by 13.5%. Meeting our stated guidance 
is a milestone this Company is very proud of and one that has been achieved with a great team effort. 
 
"We have seen a tremendous increase in the head grades, which is a direct result of strict grade control 
measures that focused on reducing the external dilution, and mining quality tons. As such, we have adjusted the 
metrics used to determine our F2016 guidance, which now estimates an average head grade of 0.43 opt (in line 
with what we have achieved year to date), and lowered our assumptions on throughput to an average of 1,070 tpd 
(in line with what we have achieved year to date). We will continue to strive to beat these targets while 
maintaining cost controls and our commitment to safety. 
 
"Our year-end financial results will be released on July 9, 2015 and we anticipate providing an update on our 
exploration programs before the end of summer. Our team continues to look for ways to further improve on our 
success, and provide additional upside for our shareholders." 
 
FQ4 and F2015 Operating Results 
 
During the fourth quarter, development at the South Mine Complex continued as planned, with the main ramp 
development advancing towards the 5600 level. In addition, a fourth stope was brought into production on the 
5400 level. With more stopes available on the 5400 level, the average head grade has trended upwards and has 
averaged 0.43 opt (14.7 g/t) for F2015, with recoveries of 96.5%. Going forward, as more stopes come into 
production on the 5400 level and the 5600 level later in this fiscal year, the average head grades should 
continue to increase. The Company anticipates having the fifth and sixth stopes in production from the 5400 
level by September 2015 after the completion of the definition drilling program. 
 
The average production rate achieved for FQ4 and F2015 was 1,066 tpd and 1,040 tpd, respectively. During the 
months of January and February ore production averaged 1,215 tpd, which, while not yet sustainable, 
demonstrates that the operational improvements implemented are starting to pay dividends. 
 
F2016 Guidance 
 
The production guidance for F2016 is in line with the Company's three-year rolling guidance disclosed in June 
2014, however, the assumed head grade has increased from 0.39 opt (13.4 g/t) to 0.43 opt (14.7 g/t) which the 
Company believes is achievable. The throughput has been adjusted to reflect an average of 1,070 tpd, which is 
more in line with the production rate achieved over the past 12 months. 
 
FQ4 and F2015 Year-End Earnings Results and Conference Call 
 
The Company intends to release its FQ4 and F2015 year-end results on Thursday July 9, 2015, at 2:00 am EDT 
(7:00 am BST) and will hold a conference call to discuss these results at 11:00am EDT (4:00pm BST), the same 
day. The Company invites you to participate via teleconference, the details of which will be posted on the 
Company's website (www.klgold.com) in due course. 
 
Qualified Person 
 
Production at the Macassa Mine and processing at KL Gold's milling facility are under the supervision of Mr. 
Chris Stewart, P.Eng., the Company's Vice President of Operations. Mr. Stewart, the 'qualified person' (for the 
purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities 
Administrators), has reviewed and approved this news release. 
 
About the Company 
 
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining 
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other 
safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and 
free cash flow with a view to maximising value for the shareholders. The Company will also look to take 
advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time, 
the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a 
property wide reserve and resource base sufficient to sustain a mine life of more than ten years. 
 
Over the last several years the Company has invested significant capital to improve the infrastructure of the 
business including upgrading the production hoist, skips, mill, underground mobile equipment and capital 
development. From initial discovery to present day there have been over 24 million ounces of gold mined from 
the Kirkland Lake gold camp while the current reserve and resource provides for potentially 14 years of mining 
with significant exploration upside. 
 
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed or accepts 
responsibility for the adequacy or accuracy of this news release. 
 
Cautionary Note Regarding Forward Looking Statements 
 
This Press Release contains statements which constitute "forward-looking statements", including statements 
regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future 
business activities and operating performance of the Company. The words "may", "would", "could", "should", 
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate 
to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward- 
looking statements are based on the opinions, assumptions and estimates of management considered reasonable at 
the date the statements are made such as, without limitation, opinion, assumptions and estimates of management 
regarding the Company's business, including but not limited to; the Company's production estimates for fiscal 
2016 including grade, throughput and ounces sold. Such opinions, assumptions and estimates, are inherently 
subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual 
events or results to differ materially from those projected in the forward-looking statements. These factors 
include the Company's expectations in connection with the projects and exploration programs being met, the 
impact of general business and economic conditions, global liquidity and credit availability on the timing of 
cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold 
prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible 
variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate 
mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in 
project development, construction, production and commissioning time frames, risks related to joint venture 
operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for 
fuel, power, labour and other consumables contributing to higher costs and general risks of the mining 
industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, 
seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of 
exploration activities, permitting time lines, government regulation of mining operations, environmental risks, 
unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those 
risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual 
Information Form for the year ended April 30, 2014 and the Company's Management's Discussion and Analysis for 
the interim period ended January 31, 2015, filed with the securities regulatory authorities in certain 
provinces of Canada and available at www.sedar.com. 
 
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward- 
looking statements prove incorrect, actual results may vary materially from those described herein as intended, 
planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important 
risks, uncertainties and factors which could cause actual results to differ materially, there may be others 
that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not 
assume any obligation, to update these forward-looking statements except as otherwise required by applicable 
law. 
 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Kirkland Lake Gold Inc. 
George Ogilvie, P.Eng 
Chief Executive Officer 
Phone: +1 709 532 5716 
+1 705 568 6444 (FAX) 
E-mail: gogilvie@klgold.com 
 
OR 
 
Kirkland Lake Gold Inc. 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
Phone: +1 647-284-5315 
+1 705 568 6444 (FAX) 
E-mail: sramcharan@klgold.com 
Website- www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
Phone: +44 (0) 20 7886 2500 
 
OR 
 
Blytheweigh 
Tim Blythe/Halimah Hussain/Megan Ray 
Phone: +44 (0) 20 7138 3204 
 
 
 
Kirkland Lake Gold Inc. 
 

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