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BRIEF- Kirkland Lake Gold Sees 2020 Production Guidance Of 1,350,000 - 1,400,000 Ounces

Published 2020-06-30, 02:27 p/m
© Reuters.

June 30 (Reuters) - Kirkland Lake Gold Ltd KL.TO :

* KIRKLAND LAKE GOLD RE-ISSUES 2020 GUIDANCE

* KIRKLAND LAKE GOLD LTD - 2020 PRODUCTION GUIDANCE OF 1,350,000 - 1,400,000 OUNCES

* KIRKLAND LAKE GOLD LTD - 2020 OPERATING CASH COSTS PER OUNCE SOLD GUIDANCE OF $410 - $430

* KIRKLAND LAKE GOLD LTD - 2020 EXPLORATION EXPENDITURE GUIDANCE IS REVISED TO $130 - $150 MILLION

* KIRKLAND LAKE GOLD LTD - 2020 AISC PER OUNCE SOLD GUIDANCE OF $790 - $810

* KIRKLAND LAKE GOLD LTD - EXPECT IMPROVED UNIT COSTS VERSUS PREVIOUS GUIDANCE DUE TO REMOVAL OF HOLT COMPLEX FROM 2020 GUIDANCE

* KIRKLAND LAKE GOLD LTD - SEES 2020 SUSTAINING CAPITAL EXPENDITURE GUIDANCE OF $390 – $400 MILLION

* KIRKLAND LAKE GOLD - 2020 PRODUCTION GUIDANCE FOR FOSTERVILLE REMAINS UNCHANGED

* KIRKLAND LAKE GOLD LTD - PLAN TO COMPLETE ALL DRILLING PROGRAMS INCLUDED IN INITIAL 2020 GUIDANCE

* KIRKLAND LAKE GOLD LTD - RECOGNIZE THAT COMPLETION OF SOME DRILLING WORK WILL LIKELY MOVE INTO 2021

* KIRKLAND LAKE GOLD LTD - SEES 2020 GROWTH CAPITAL EXPENDITURE GUIDANCE OF $95 – $105 MILLION COMPARES TO PREVIOUS GUIDANCE OF $70 – $80 MILLION

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