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Wednesday, February 21, 2018

-=Kirkland Lake Gold (KL) reported earnings on Wed 21 Feb 2018 (b/o)



Kirkland Lake Gold reports mineral reserves increased 36% YoY 
Highlights of December 31, 2017 Mineral Reserve and Mineral Resource estimates:
  • Consolidated Mineral Reserves increase 36% to 4,640,000 ounces @ 11.1 grams per tonne ("g/t") versus 3,420,000 ounces @ 9.0 g/t at December 31, 2016.
  • Mineral Reserves at Fosterville increase 1,210,000 ounces or 247% from December 31, 2016 to 1,700,000 ounces @ 23.1 g/t (65% increase in Mineral Reserve ounces from June 30, 2017 mid-year estimate); Measured and Indicated ("M&I") Mineral Resources increase 59% from December 31, 2016 to 4,190,000 ounces @ 8.4 g/t (inclusive of Mineral Reserves); Inferred Mineral Resources more than double to 1,900,000 ounces @ 7.1 g/t.
  • Fosterville Swan Zone Mineral Reserves more than double from June 30, 2017, to 1,160,000 ounces @ 61.2 g/t. M&I Mineral Resources total 171,000 ounces @ 116.0 g/t; Inferred Mineral Resources total 671,000 ounces @ 36.6 g/t. Large base of high-grade Mineral Resources highlights potential for additional growth in Mineral Reserves in 2018.
  • Mineral Reserves replaced at Macassa after depletion of 190,000 ounces, with Mineral Reserves at December 31, 2017 totaling 2,030,000 ounces @ 21.0 g/t.
    58% increase in M&I Mineral Resources at Macassa to 2,090,000 ounces @ 17.1 g/t, with Inferred Mineral Resources increasing 48%, to 1,370,000 ounces, @ 22.2 g/t. 
  • Taylor mine Mineral Reserves increase 29% to 167,000 ounces @ 4.8 g/t; exploration drilling continues to focus on identifying new areas of gold mineralization near infrastructure. 

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