Toronto, Ontario (July 15, 2015) - Kirkland Lake Gold Inc. (“Kirkland Lake Gold” or the “Company”), an operating and exploration gold company with operations in Ontario, Canada, provides three year guidance for the upcoming calendar years 2016, 2017 and 2018.
Stub Year 2015 Guidance (May 1st to December 31st):
 90,000 – 100,000 ounces at an average grade of 0.43 ounce per ton (“opt”), or 14.7 gram per tonne (“g/t”).
 Mill recoveries estimated at 96% with an average throughput of between 1,000 – 1,070 tons per day (“tpd”).
Three Year Production Guidance:
2016 (January 1st to December 31st)
 160,000 – 180,000 ounces at an average grade of 0.44 opt (15.1 g/t).
 Mill recoveries estimated at 95% with an average throughput of approximately 1,130 tpd.
2017 (January 1st to December 31st)
 165,000 – 185,000 ounces at an average grade of 0.45 opt (15.4 g/t).
 Mill recoveries estimated at 95% with an average throughput of approximately 1,140 tpd.
2017 (January 1st to December 31st)
 170,000 – 190,000 ounces at an average grade of 0.46 opt (15.8 g/t).
 Mill recoveries estimated at 95% with an average throughput of approximately 1,145 tpd.
Mr. George Ogilvie, Chief Executive Officer of the Company commented, “With the change in year-end to December 31, we are pleased to provide three year guidance for our new 12 month reporting periods 2016, 2017 and 2018. We see steady growth over the next few years, where our focus will remain on grade. We will see moderate increases in our production rates as we continue to progress the development of the main haulage ramp and lower levels in the SMC (5400 level and 5600 level). We will also continue to improve our ventilation systems.”
“Our prudent approach has allowed us to remain profitable and generate free cash flow over the past twelve months, a trend we are intent on continuing to deliver on as we move forward.”
About the Company
Kirkland Lake Gold Inc.’s goal is to create a self-sustaining and long-lived intermediate gold mining company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and free cash flow with a view to maximising value for the shareholders. The Company will also look to take advantage of its increased infrastructure capacity in the appropriate gold price environment. The Company is committed to maintaining a significant exploration program aimed at developing and maintaining a property wide reserve and resource base sufficient to sustain a mine life of 10 years or more.
Over the last several years the Company has invested significant capital to improve the infrastructure of the business including upgrading the production hoist, skips, mill, underground mobile equipment and capital development. From initial discovery to present day there have been over 24 million ounces of gold mined from the Kirkland Lake gold camp while the current reserve and resource provides for potentially 14 years of mining with exploration upside.