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Kirkland Lake Gold Ltd (KL.TO)

KL.TO on Toronto Stock Exchange

59.31CAD
1:30am IST
Change (% chg)

$-2.02 (-3.29%)
Prev Close
$61.33
Open
$60.05
Day's High
$60.39
Day's Low
$58.30
Volume
1,149,171
Avg. Vol
1,059,222
52-wk High
$76.43
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$25.67

Latest Key Developments (Source: Significant Developments)

Kirkland Lake Gold Says Q3 Production Totaled 339,584 Ounces, up 37%
Tuesday, 13 Oct 2020 

Oct 12 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD REPORTS SOLID THIRD QUARTER 2020 PRODUCTION, INCREASES CASH TO $848 MILLION AND ANNOUNCES 50% INCREASE IN QUARTERLY DIVIDEND.Q3 2020 PRODUCTION TOTALED 339,584 OUNCES, AN INCREASE OF 91,184 OUNCES OR 37% FROM 248,400 OUNCES FOR Q3 OF 2019.KIRKLAND LAKE GOLD - ANNOUNCED A 50% INCREASE IN QUARTERLY DIVIDEND, TO US$0.1875 PER SHARE, EFFECTIVE Q4 OF 2020 ("Q4 2020") DIVIDEND PAYMENT.COMPANY'S CASH POSITION INCREASED 58% DURING Q3 2020 TO $848 MILLION AT SEPTEMBER 30, 2020 WITH NO DEBT.GOLD POURED IN Q3 2020 TOTALING 325,811 OUNCES VERSUS 252,984 OUNCES IN Q3 2019 AND 338,573 OUNCES IN Q2 2020.KIRKLAND LAKE GOLD - HAVE ENTERED FINAL QUARTER OF YEAR WELL POSITIONED TO ACHIEVE FULL-YEAR 2020 PRODUCTION GUIDANCE OF 1,350,000 - 1,400,000 OUNCES.KIRKLAND LAKE GOLD - Q3 GOLD SALES 331,959 OUNCES AT AVERAGE REALIZED PRICE OF $1,907 PER OUNCE VERSUS 256,276 OUNCES ($1,482 PER OUNCE) Q3 2019.RE-ISSUED PRODUCTION GUIDANCE FOR 2020 REMAINED UNCHANGED FOLLOWING RELEASE OF COMPANY'S Q2 2020 RESULTS ON JULY 30, 2020.  Full Article

Newmont Can Exercise Option Only In Event Kirkland Intends To Restart Operations At Holt Mine
Tuesday, 18 Aug 2020 

Aug 17 (Reuters) - Kirkland Lake Gold Ltd ::NEWMONT CORPORATION - CAN EXERCISE OPTION ONLY IN EVENT KIRKLAND INTENDS TO RESTART OPERATIONS AT HOLT MINE.NEWMONT CORPORATION - EFFECT OF OPTION STRUCTURE IS THAT CO WILL HAVE NO ADDITIONAL LIABILITY EXPOSURE IN RELATION TO HOLT ROYALTY.NEWMONT CORPORATION - EXPECTS TO REMOVE ABOUT $350 MILLION LIABILITY FOR HOLT ROYALTY ON ITS BALANCE SHEET AT JUNE 30, 2020.  Full Article

Kirkland Lake Gold Reports Qtrly Adjusted Earnings Per Share $0.79
Thursday, 30 Jul 2020 

July 30 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD REPORTS STRONG FINANCIAL AND OPERATING RESULTS IN Q2 2020.KIRKLAND LAKE GOLD LTD - COMPANY RE-ISSUES FULL-YEAR 2020 GUIDANCE.KIRKLAND LAKE GOLD LTD - QTRLY ADJUSTED EARNINGS PER SHARE $0.79.KIRKLAND LAKE GOLD LTD - QTRLY REVENUE TOTALLED $581.0 MILLION, 107% INCREASE FROM $281.3 MILLION IN Q2 2019.KIRKLAND LAKE GOLD LTD - CASH AT JUNE 30, 2020 TOTALLED $537.4 MILLION WITH NO DEBT.KIRKLAND LAKE GOLD LTD - QTRLY ALL-IN SUSTAINING COSTS PER OUNCE SOLD AVERAGED $751 VERSUS $638 IN Q2 2019.KIRKLAND LAKE GOLD LTD - QTRLY EARNINGS PER SHARE $0.54.KIRKLAND LAKE GOLD LTD - QTRLY PRODUCTION OF 329,770 OUNCES, 54% INCREASE FROM 214,593 OUNCES IN Q2 2019.  Full Article

Kirkland Lake Gold Extends Suspension Of Operations At Holt Complex
Thursday, 16 Jul 2020 

Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD EXTENDS SUSPENSION OF OPERATIONS AT HOLT COMPLEX.KIRKLAND LAKE GOLD LTD - SUSPENSION OF OPERATIONS AT HOLT COMPLEX, IN EFFECT SINCE APRIL 2, 2020, WILL BE EXTENDED UNTIL FURTHER NOTICE.KIRKLAND LAKE GOLD LTD - MORE THAN 220 EMPLOYEES AT HOLT COMPLEX, FROM A TOTAL WORKFORCE OF 475 PEOPLE, HAVE BEEN RE-ASSIGNED TO NEW POSITIONS.KIRKLAND LAKE GOLD LTD - BELIEVE BEST COURSE OF ACTION IS TO PROVIDE SEVERANCE PACKAGES FOR EMPLOYEES WHO DIDN'T FIND ALTERNATIVE EMPLOYMENT.  Full Article

Kirkland Lake Gold Reports Solid Second Quarter 2020 Production
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD REPORTS SOLID SECOND QUARTER 2020 PRODUCTION.KIRKLAND LAKE GOLD LTD - Q2 2020 PRODUCTION TOTALED 329,770 OUNCES, AN INCREASE OF 115,177 OUNCES.KIRKLAND LAKE GOLD LTD - Q2 2020 GOLD SALES TOTALING 341,390 OUNCES AT AN AVERAGE REALIZED PRICE OF $1,716 PER OUNCE.KIRKLAND LAKE GOLD LTD - GOLD POURED IN Q2 2020 TOTALING 338,573 OUNCES VERSUS 216,166 OUNCES IN Q2 2019.KIRKLAND LAKE GOLD LTD - CASH POSITION OF $537 MILLION WITH NO DEBT AT JUNE 30, 2020.KIRKLAND LAKE GOLD - WITH WORKFORCE NOW BACK TO PRE-COVID-19 LEVELS, EXPECT TO SEE HIGHER VOLUMES AND IMPROVED GRADES AT MACASSA DURING H2 OF YEAR.  Full Article

Kirkland Lake Gold Sees 2020 Production Guidance Of 1,350,000 - 1,400,000 Ounces
Tuesday, 30 Jun 2020 

June 30 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD RE-ISSUES 2020 GUIDANCE.KIRKLAND LAKE GOLD LTD - 2020 PRODUCTION GUIDANCE OF 1,350,000 - 1,400,000 OUNCES.KIRKLAND LAKE GOLD LTD - 2020 OPERATING CASH COSTS PER OUNCE SOLD GUIDANCE OF $410 - $430.KIRKLAND LAKE GOLD LTD - 2020 EXPLORATION EXPENDITURE GUIDANCE IS REVISED TO $130 - $150 MILLION.KIRKLAND LAKE GOLD LTD - 2020 AISC PER OUNCE SOLD GUIDANCE OF $790 - $810.KIRKLAND LAKE GOLD LTD - EXPECT IMPROVED UNIT COSTS VERSUS PREVIOUS GUIDANCE DUE TO REMOVAL OF HOLT COMPLEX FROM 2020 GUIDANCE.KIRKLAND LAKE GOLD LTD - SEES 2020 SUSTAINING CAPITAL EXPENDITURE GUIDANCE OF $390 – $400 MILLION.KIRKLAND LAKE GOLD - 2020 PRODUCTION GUIDANCE FOR FOSTERVILLE REMAINS UNCHANGED.KIRKLAND LAKE GOLD LTD - PLAN TO COMPLETE ALL DRILLING PROGRAMS INCLUDED IN INITIAL 2020 GUIDANCE.KIRKLAND LAKE GOLD LTD - RECOGNIZE THAT COMPLETION OF SOME DRILLING WORK WILL LIKELY MOVE INTO 2021.KIRKLAND LAKE GOLD LTD - SEES 2020 GROWTH CAPITAL EXPENDITURE GUIDANCE OF $95 – $105 MILLION COMPARES TO PREVIOUS GUIDANCE OF $70 – $80 MILLION.  Full Article

Kirkland Lake Gold Announced Quarterly Dividend Payment
Thursday, 18 Jun 2020 

June 18 (Reuters) - Kirkland Lake Gold Ltd ::ANNOUNCED QUARTERLY DIVIDEND PAYMENT OF US$0.125 PER COMMON SHARE.  Full Article

Kirkland Lake Gold Declares Quarterly Dividend Payment
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD DECLARES QUARTERLY DIVIDEND PAYMENT.SETS QUARTERLY DIVIDEND OF $0.125PER SHARE.  Full Article

Kirkland Lake Gold Reports Strong Results In Q1 2020
Wednesday, 6 May 2020 

May 6 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD REPORTS STRONG FINANCIAL AND OPERATING RESULTS IN Q1 2020.KIRKLAND LAKE GOLD - REVISED GUIDANCE TO BE ISSUED AS DETOUR LAKE AND MACASSA MAKE PROGRESS TOWARDS RETURNING TO MORE PREDICTABLE LEVELS OF PRODUCTION.HOLT COMPLEX GUIDANCE DISCONTINUED.WITHDRAWS THREE-YEAR PRODUCTION GUIDANCE.QTRLY NET EARNINGS OF $202.9 MILLION ($0.79 PER SHARE).QTRLY ADJUSTED NET EARNINGS TOTALLED $179.2 MILLION ($0.70 PER SHARE).QTRLY REVENUE TOTALLED $554.7 MILLION, 82% INCREASE FROM $304.9 MILLION IN Q1 2019.Q1 EARNINGS PER SHARE VIEW $0.74 -- REFINITIV IBES DATA.QTRLY PRODUCTION OF 330,864 OUNCES, 43% INCREASE.QTRLY AISC PER OUNCE SOLD OF $776 VERSUS $560 IN Q1 2019.BEGINNING TO RECALL EMPLOYEES WHO WERE OFF WORK AS PART OF COVID-19 PROTOCOLS..EXPECTS RAMP UP OF BUSINESS ACTIVITIES TO BE GRADUAL.DOES NOT ANTICIPATE ACHIEVING FULL PRODUCTION LEVELS DURING Q2 OF 2020.NOT POSSIBLE TO ESTIMATE EXTENT TO WHICH COVID-19 PANDEMIC WILL IMPACT COMPANY'S BUSINESS PERFORMANCE IN 2020..ANTICIPATES SEEING SOME IMPACT ON PRODUCTION AND COSTS DURING MOST OF YEAR..  Full Article

Kirkland Lake Gold Withdraws Its 2020 Guidance Until Further Notice
Thursday, 2 Apr 2020 

April 2 (Reuters) - Kirkland Lake Gold Ltd ::KIRKLAND LAKE GOLD ANNOUNCES NEW MEASURES IN RESPONSE TO COVID-19.KIRKLAND LAKE GOLD LTD - ANNOUNCED ADDITIONAL BUSINESS REDUCTIONS IN RESPONSE TO COVID-19 PANDEMIC.KIRKLAND LAKE GOLD LTD - TEMPORARY SUSPENSION OF OPERATIONS AT HOLT COMPLEX IN NORTHERN ONTARIO.KIRKLAND LAKE GOLD LTD - MOVE TO REDUCED OPERATIONS AT MACASSA MINE IN KIRKLAND LAKE, ONTARIO..KIRKLAND LAKE GOLD LTD - WORKERS IMPACTED BY REDUCTIONS BEING ANNOUNCED WILL RECEIVE THEIR BASE WAGES FOR MONTH OF APRIL..KIRKLAND LAKE GOLD LTD - WITHDRAWING ITS 2020 GUIDANCE UNTIL FURTHER NOTICE.KIRKLAND LAKE GOLD LTD - FOSTERVILLE MINE REMAINS IN OPERATION.  Full Article

Kirkland Lake Gold sued in U.S. over Detour purchase

NEW YORK, June 29 Kirkland Lake Gold Ltd , the Canadian mining company, was sued on Monday in U.S. federal court for allegedly defrauding shareholders about its business plans before its C$4.1 billion (US$3 billion) purchase of Detour Gold Corp caused its stock to tumble.