Kirkland Lake Gold Inc.
Kirkland Lake Gold Inc is an operating and exploration gold mining company located in Kirkland Lake, Ontario, Canada. Kirkland Lake Gold Company has over 425 employees and 13,110 acres of four contiguous formerly producing gold mining properties, which historically produced 24 million ounces of gold. (See accompanying figures). The current focus is on advancing and expanding gold production from the Main/'04 Break and the new discovery, the high-grade South Mine Complex (SMC).Discovered in 2005, the SMC alone currently contains 639,000 probable ounces, 82,000 proven ounces, 3,000 measured ounces, 489,000 indicated ounces, and 677,000 inferred ounces. (Please see accompanying reserve charts detailing just the SMC reserves and mine-wide reserve growth). The SMC is hosted in a new geologic setting, with gold associated with pyrite compared to the historic quartz-vein hosted systems in the gold camp. The SMC remains open in all directions and is the focus for the Company's 2010 exploration programs.
Kirkland Lake's corporate goal is to expand its gold reserves and resources to five million ounces or beyond, and to increase its yearly production to a rate of 200,000 ounces per year which will reduce its unit operating costs. The Company's common shares trade on the TSX (Toronto Stock Exchange) and the AIM (Alternative Investment Market of the London Stock Exchange).Work is progressing on-track and on-time with component parts of the Phase II plan commencing ahead of schedule, though mill capacity is nominally 1,450 tons per day a modernization of the mill's control systems will be undertaken in the summer of 2010 along with other surface capital projects.The focus of Kirkland Lake Gold Company is on sustainability and future growth and directors and management are intent that the Company will build a successful mining operation in Kirkland Lake.
Contact Details
Executives
Chairman
D. Harry W. Dobson
CEO, President and Director
Brian A. Hinchcliffe