Kirkland Lake Gold Ltd. (TSX: KL) announced a record annual and quarterly production for the full-year and fourth quarter of 2017, respectively. Comparative information for the full-year and fourth quarter of 2016 includes results for the Fosterville, Cosmo and Stawell mines prior to the merger between
Kirkland Lake Gold Inc. and Newmarket Gold Inc. on Nov. 30, 2016 and results for the Holt and Taylor mines prior to the acquisition of St. Andrew Goldfields Ltd on Jan. 26, 2016.
Tony Makuch, President and CEO of Kirkland Lake Gold, said, “We plan to keep building momentum through additional production growth, improved unit costs, as well as further increases to mineral reserves and resources based and continued exploration success. We will also remain focused on generating shareholder returns through continued operational effectiveness, strong financial performance and disciplined investment for future growth. In addition, we offer a competitive quarterly dividend, with growth potential, and will be opportunistic when it comes to future share repurchases. Supporting all our activities is a strong balance sheet, with cash and cash equivalents of approximately US $230 million at Dec. 31, 2017 and no debt.”