schrieb am 08.01.19 12:12:32Beitrag Nr. 471 ( 59.582.819)Wahnsinn!!!Kirkland Lake Gold Announces Record Production of 230,993 Ounces in Q4 2018 and 723,477 Ounces for Full-Year 2018Tue January 8, 2019 6:00 AM|GlobeNewswire|About: KLTORONTO, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (KL) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced record levels of quarterly and annual gold production for the fourth quarter (“Q4 2018”) and full-year (“2018”) of 2018, respectively. Production in Q4 2018 totaled 230,993 ounces, 28% higher than the previous record of 180,155 ounces achieved in the third quarter of 2018 (“Q3 2018”). Q4 2018 production was significantly above target levels for the quarter and was driven by record quarterly production at both Fosterville (124,307 ounces) and Macassa (69,936 ounces). Production in 2018 totaled 723,477 ounces, a 21% increase from 596,405 ounces for full-year 2017 (“2017”). Three of the Company’s mines achieved record annual production in 2018, including 356,230 ounces at Fosterville, 240,126 ounces at Macassa and 58,633 ounces at the Taylor Mine, with the Holt Mine producing 67,770 ounces for the year. The Company’s cash position at December 31, 2018 totaled approximately $332 million. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.Highlights of Q4 2018 and 2018 production results include:Q4 2018 production of 230,993 ounces, 39% increase from 166,579 ounces in the fourth quarter of 2017 (“Q4 2017”) and 28% higher than 180,155 ounces the previous quarterGold poured in Q4 2018 totaling 224,770 ounces, with total gold sales of 225,692 ouncesProduction at Fosterville totaling 124,307 ounces in Q4 2018, increase of 57% from 79,157 ounces in Q4 2017 and 37% higher than 90,618 ounces in Q3 2018; production growth in Q4 2018 reflected average grade of 39.7 grams per tonne (“g/t”), significantly above target levelsProduction at Macassa of 69,936 ounces in Q4 2018, 36% increase from 51,608 ounces in Q4 2017 and 26% higher than 55,582 ounces in Q3 2018; average grade in Q4 2018 of 25.9 g/tProduction from Holt Complex in Q4 2018 included record quarterly production of 19,305 ounces at Taylor and production of 16,774 ounces at the Holt Mine (compared to 16,541 ounces at Taylor and 19,263 ounces at Holt in Q4 2017 and 13,333 ounces at Taylor and record production of 20,609 ounces at Holt in Q3 2018)2018 consolidated production totaling 723,477 ounces, 21% higher than 596,405 ounces in 2017, with increase reflecting production growth of 92,385 ounces or 35% at Fosterville, 45,889 ounces or 24% at Macassa, 7,869 ounces or 16% at Taylor and 1,093 ounces or 2% at Holt2018 gold poured of 722,894 ounces, with 2018 gold sales of 722,277 ounces.Other key developments during Q4 2018 include:Continued exploration success at Fosterville, with infill drilling in Swan Zone continuing to return intercepts containing exceptionally high-grades, substantial widths and visible gold; Company continues to target significant growth in Swan Zone Mineral ReservesIncreased financial strength with cash position increasing by approximately 29% during Q4 2018, with year-end 2018 cash totaling approximately $332 millionQuarterly dividend increased to $0.04 per share effective Q4 2018 payment on January 11, 2019 to shareholders of record on December 31, 2018; Company paid Q3 2018 dividend payment of $0.03 per share on October 12, 2018 to shareholders of record on September 30, 2018Strong share-price performance with Kirkland Lake Gold (KGLIF) commons shares closing on December 31, 2018 at $35.60 per share on the TSX, representing share-price increase of 85% for full year 2018.Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “2018 was an outstanding year for Kirkland Lake Gold. We achieved record production of 723,477 ounces and, just as important, embarked on a program of growth that could see the Company achieve a million ounces of annual, low-cost gold production as early as 2021. A key part of our progress has been the continued transformation of Fosterville into one of the world’s greatest gold mining operations. As clearly demonstrated in Q4 2018, we continue to see much greater levels of high-grade quartz-veins with visible gold at Fosterville than had previously been estimated, which was the main driver of the mine’s substantial outperformance during the quarter and is a key reason why we expect a significant increase in Swan Zone Mineral Reserves. Turning to Macassa, our grade performance in the South Mine Complex has been excellent, with many stopes outperforming in Q4 2018, and our operations team continuing to perform very well in moving our production profile to the deeper, high-grade parts of the mine. Macassa is a very solid, consistent operation that is poised to achieve substantial production growth once our new #4 Shaft is completed, with Phase 1 completion on track for early 2022. In addition, we had record production at Taylor in Q4 2018, reflecting both improved tonnage and higher grades, and also turned in a solid performance at Holt. Entering 2019, we are well positioned for continued growth, with three-year production guidance including 740,000 – 800,000 ounces in 2019, 850,000 – 910,000 ounces in 2020 and 945,000 – 1,005,000 ounces in 2021.”
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