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Wednesday, January 17, 2018

-=Kirkland Lake Gold (KL)

  • Headquarters: Toronto, Canada
  • Founded: 1983
  • (TSX:KL) (NYSE: KL) (ASX: KLA)

Kirkland Lake Gold announces its full-year guidance for 2018 
Highlights of 2018 guidance include: 
  • Production growth to over 620,000 ounces
  • Exploration expenditures estimated at $75 -- $90 million in 2018, with $60 -- $75 million targeted for Australia aimed at achieving continued growth of the Swan Zone and other high-potential areas at Fosterville, and in support of resuming operations at the Cosmo mine in the Northern Territory
  • Sustaining capital expenditures of $150 -- $170 million, with higher sustaining capital expected at Fosterville related to elevated levels of development in support of mining to lower depths, establishing additional mining fronts and sustaining operations over multiple years
  • Growth capital expenditures of $85 -- $95 million, with key capital requirements including expenditures for a new shaft (see section, Macassa Shaft Project) and tailings impoundment area at Macassa, as well as the bulk of growth capital required at Fosterville to achieve the mine's target of over 400,000 ounces of annual production by 2020.

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