Feb 20 (Reuters) - Kirkland Lake Gold Ltd KL.TO :
* KIRKLAND LAKE GOLD ANNOUNCES VALUE ENHANCEMENT PROGRAM, INCREASES 2020 PRODUCTION GUIDANCE AND GROWS MINERAL RESERVES
* 20 MILLION COMMON SHARES TO BE REPURCHASED OVER NEXT 12 - 24 MONTHS THROUGH COMPANY'S NORMAL COURSE ISSUER BID
* DOUBLING QUARTERLY DIVIDEND TO $0.125 PER SHARE: QUARTERLY DIVIDEND INCREASED TO $0.125 PER SHARE EFFECTIVE Q1 2020
* CONSOLIDATED PRODUCTION GUIDANCE FOR 2020 IS INCREASED FROM 950,000 - 1 MILLION OUNCES TO 1.47 MILLION - 1.54 MILLION OUNCES
* 2020 OPERATING CASH COST & AISC PER OUNCE SOLD GUIDANCE RAISED TO $450 - $470 FROM $300 - $330 & $820 - $840 FROM $580 - $630, RESPECTIVELY
* SEES FY EXPLORATION EXPENDITURE $150 MILLION - $170 MILLION
* 2020 CORPORATE G&A GUIDANCE INCREASES TO $50 - $55 MILLION FROM $40 - $45 MILLION
* SUSTAINING CAPITAL EXPENDITURE GUIDANCE INCREASES TO $420 - $430 MILLION FROM $165 - $175 MILLION FOR 2020
* GUIDANCE FOR 2020 RELATED TO HOLT COMPLEX REMAINS IN PLACE WHILE COMPANY REVIEWS STRATEGIC OPTIONS FOR THESE ASSETS
* COMPANY PLANS TO INVEST $25 - $30 MILLION IN 2020 ON EXPLORATION DRILLING AT DETOUR LAKE
* SEE POTENTIAL FOR DETOUR LAKE TO REACH OVER 700,000 OUNCES OF ANNUAL PRODUCTION AT AISC OF ABOUT $850 PER OUNCE AS EARLY AS 2021
* PURSUANT TO TERMS OF CURRENT NCIB, CO CAN REPURCHASE UP TO 19.75 MILLION SHARES BETWEEN NOW AND NCIB'S EXPIRY ON MAY 28, 2020
* ANNOUNCES INTENTION TO ENTER INTO AN AUTOMATIC SHARE PURCHASE PLAN WITH ITS DESIGNATED BROKER
* ASSUMING CLOSING PRICES ON NYSE AND TSX ON TUESDAY, FEBRUARY 18, 2020, 20 MILLION OF SHARE REPURCHASES WOULD REPRESENT ABOUT $750 MILLION
* DESIGNATED ASSETS IN NORTHERN TERRITORY IN AUSTRALIA AS NON-CORE WITH PLANS TO CONSIDER ALL OPTIONS TO MAXIMIZE VALUE FROM ASSETS