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BRIEF-Kirkland Lake Gold Targets Strong Production Growth In 2019

Published 2018-12-11, 08:36 a/m
BRIEF-Kirkland Lake Gold Targets Strong Production Growth In 2019

Dec 11 (Reuters) - Kirkland Lake Gold Ltd KL.TO :

* KIRKLAND LAKE GOLD TARGETS STRONG PRODUCTION GROWTH IN 2019, FOSTERVILLE TO REACH OVER 500,000 OUNCES PER YEAR BY 2020

* KIRKLAND LAKE GOLD - SEES 2019 PRODUCTION GROWTH TO 740,000 - 800,000 OUNCES

* KIRKLAND LAKE GOLD LTD - ANNOUNCE THREE-YEAR PRODUCTION GUIDANCE, WHICH INCLUDES FOSTERVILLE MINE ACHIEVING OVER 500,000 OUNCES OF PRODUCTION BY 2020

* KIRKLAND LAKE GOLD LTD - 2019 EXPLORATION EXPENDITURES ESTIMATED AT $100 - $120 MILLION

* KIRKLAND LAKE GOLD LTD - GROWTH CAPITAL EXPENDITURES OF $155 - $165 MILLION IN 2019

* KIRKLAND LAKE GOLD - SEES 2019 AISC PER OUNCE SOLD TO BE ABOUT $630 - $680

* KIRKLAND LAKE GOLD LTD SEES 2019 SUSTAINING CAPITAL EXPENDITURES OF $150 - $170 MILLION

* KIRKLAND LAKE GOLD LTD - AT MACASSA, EXPECT TO ACHIEVE INCREMENTAL GROWTH IN PRODUCTION, WITH GUIDANCE FOR 2021 OF 245,000 - 255,000 OUNCES

* KIRKLAND LAKE GOLD LTD - CONSOLIDATED GOLD PRODUCTION IN 2019 IS TARGETED AT APPROXIMATELY 740,000 - 800,000 OUNCES

* KIRKLAND LAKE GOLD LTD - 2019 OPERATING CASH COSTS PER OUNCE SOLD ARE EXPECTED TO AVERAGE $360 - $380

* KIRKLAND LAKE GOLD LTD - 2019 PRODUCTION AT HOLT AND TAYLOR IS EXPECTED TO BE SIMILAR TO COMPARABLE 2018 LEVELS

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