KGI Kirkland Lake

 
TIDMKGI 
 
Kirkland Lake Gold Provides Three Year Production Guidance for Calendar Years 2016-2018 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
July 15, 2015 
 
Kirkland Lake Gold Provides Three Year Production Guidance for Calendar Years 2016-2018 
 
 
TORONTO, ONTARIO--(Marketwired - July 15, 2015) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ("Kirkland Lake 
Gold" or the "Company"), an operating and exploration gold company with operations in Ontario, Canada, provides 
three year guidance for the upcoming calendar years 2016, 2017 and 2018. 
 
Stub Year 2015 Guidance (May 1st to December 31st): 
 
/T/ 
 
=-  90,000 - 100,000 ounces at an average grade of 0.43 ounce per ton 
    ("opt"), or 14.7 gram per tonne ("g/t"). 
=-  Mill recoveries estimated at 96% with an average throughput of between 
    1,000 - 1,070 tons per day ("tpd"). 
 
/T/ 
 
Three Year Production Guidance: 
2016 (January 1st to December 31st) 
 
/T/ 
 
=-  160,000 - 180,000 ounces at an average grade of 0.44 opt (15.1 g/t). 
=-  Mill recoveries estimated at 95% with an average throughput of 
    approximately 1,130 tpd. 
 
/T/ 
 
2017 (January 1st to December 31st) 
 
/T/ 
 
=-  165,000 - 185,000 ounces at an average grade of 0.45 opt (15.4 g/t). 
=-  Mill recoveries estimated at 95% with an average throughput of 
    approximately 1,140 tpd. 
 
/T/ 
 
2017 (January 1st to December 31st) 
 
/T/ 
 
=-  170,000 - 190,000 ounces at an average grade of 0.46 opt (15.8 g/t). 
=-  Mill recoveries estimated at 95% with an average throughput of 
    approximately 1,145 tpd. 
 
/T/ 
 
Mr. George Ogilvie, Chief Executive Officer of the Company commented, "With the change in year-end to December 
31, we are pleased to provide three year guidance for our new 12 month reporting periods 2016, 2017 and 2018. 
We see steady growth over the next few years, where our focus will remain on grade. We will see moderate 
increases in our production rates as we continue to progress the development of the main haulage ramp and lower 
levels in the SMC (5400 level and 5600 level). We will also continue to improve our ventilation systems." 
 
"Our prudent approach has allowed us to remain profitable and generate free cash flow over the past twelve 
months, a trend we are intent on continuing to deliver on as we move forward." 
 
About the Company 
 
Kirkland Lake Gold Inc.'s 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. 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 10 years or more. 
 
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 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 news 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. Forward-looking statements used in 
this news release include, but may not be limited to: statements regarding the Company's production guidance 
for 2016, 2017 and 2018, including guidance for its current reporting period (the Stub Year). Investors are 
cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management 
which management considers reasonable at the date the statements are made such as, without limitation, 
opinions, assumptions and estimates of management regarding the Company's business, its ability to increase its 
production capacity and decrease its production costs. 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), 
variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's mineral 
reserves and resources, changes in project parameters as plans continue to be refined, changes in project 
development, construction, production and commissioning time frames, 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 weather, 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 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. 
 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Kirkland Lake Gold Inc. 
Toll Free: 1-866-384-2924 
 
OR 
 
Kirkland Lake Gold Inc. 
George Ogilvie, P.Eng 
Chief Executive Officer 
gogilvie@klgold.com 
 
OR 
 
Kirkland Lake Gold Inc. 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
+1 647-361-0200 
sramcharan@klgold.com 
www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
+44 (0) 20 7886 2500 
 
OR 
 
Blytheweigh 
Tim Blythe/Halimah Hussain/Camilla Horsfall 
+44 (0) 20 7138 3204 
 
 
Kirkland Lake Gold Inc. 
 

Kirkland Lake (LSE:KGI)
Historical Stock Chart
Von Dez 2024 bis Jan 2025

Kirkland Lake (LSE:KGI)
Historical Stock Chart
Von Jan 2024 bis Jan 2025