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BRIEF-Kirkland Lake Gold Increases 2019 Production Guidance To 920,000 – 1,000,000 Ounces

Published 2019-02-21, 08:28 a/m
© Reuters.  BRIEF-Kirkland Lake Gold Increases 2019 Production Guidance To 920,000 – 1,000,000 Ounces

Feb 21 (Reuters) - Kirkland Lake Gold Ltd KL.TO :

* KIRKLAND LAKE GOLD INCREASES 2019 PRODUCTION GUIDANCE TO 920,000 – 1,000,000 OUNCES, FOSTERVILLE MINERAL RESERVES INCREASE 60% TO 2.7 MILLION OUNCES AT 31.0 G/T

* KIRKLAND LAKE GOLD LTD - HAS REVISED AND INCREASED ITS CONSOLIDATED THREE-YEAR PRODUCTION GUIDANCE AND IMPROVED ITS UNIT-COST GUIDANCE FOR 2019

* KIRKLAND LAKE GOLD LTD - OPERATING CASH COSTS PER OUNCES SOLD IN 2019 ARE NOW TARGETED AT $300 -$320 COMPARED TO $360 - $380 PREVIOUSLY

* KIRKLAND LAKE GOLD LTD - NEW FULL-YEAR 2019 GUIDANCE FOR OPERATING CASH COSTS PER OUNCES SOLD AT HOLLOWAY IS INTRODUCED AT $760 - $780

* KIRKLAND LAKE GOLD LTD - PLANNED RESTART OF OPERATIONS AT HOLLOWAY MINE IS EXPECTED TO CONTRIBUTE AN ADDITIONAL 20,000 OUNCES OF PRODUCTION IN 2019

* KIRKLAND LAKE GOLD LTD - FULL-YEAR 2019 OPERATING CASH COSTS ON A CONSOLIDATED BASIS IS REVISED TO $290 - $300 FROM $270 - $280

* KIRKLAND LAKE GOLD LTD - AISC PER OUNCE SOLD GUIDANCE FOR FULL-YEAR 2019 IS ALSO IMPROVED, TO $520 - $560

* KIRKLAND LAKE GOLD LTD - AT DECEMBER 31, 2018, MINERAL RESERVES AT HOLLOWAY MINE TOTALED 36,000 OUNCES

* KIRKLAND LAKE GOLD - SEES PLANNED RESTART OF OPERATIONS AT HOLLOWAY MINE CONTRIBUTING ADDITIONAL 30,000 OUNCES OF PRODUCTION IN 2020 & 50,000 OUNCES IN 2021

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