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MEI Online: Commodities: Metallic Ores: Gold: Latest News: February 12th 2016

 
 

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:: Kirkland Lake Gold Pours its One Millionth Ounce from the Macassa Mine Complex

 

Kirkland Lake Gold this week poured it's one millionth ounce from theMacassa Mine Complex since operations commenced in 2003. This marks a historic milestone for the Company, adding to the historical production of this camp, which has now produced over 26 million ounces of gold.

The Company commenced operations at the Macassa Mine Complex in 2002, and with the discovery of the South Mine Complex, has been able to increase its level of production significantly over the past five years with the Company producing and selling over 570,000 ounces of gold. The Macassa Mine Complex currently has 1.5 million ounces in proven and probable reserves (2.4 million tonnes at an average grade of 19.2 g/t Au), and an additional 2.0 million ounces in measured and indicated resources (3.8 million tonnes at an average grade of 16.8 g/t Au).

Chris Stewart, Vice President of Operations at Kirkland Lake Gold Inc., commented, "We recently announced achieving one million man hours without a lost time injury, and are now announcing one million ounces of production at the complex. I'd like to commend our entire team for digging deep and allowing us to reach this milestone, and doing so in a safe and responsible manner."

Harry Dobson, founder and former Chairman of Kirkland Lake Gold Inc., commented, "It is very fulfilling to see the progress that Kirkland Lake has made over the past thirteen years. As an entrepreneur you start with a dream and a vision, and work as hard as you can to make them a reality. I am very proud of everyone that has contributed to the success of the company and I continue to support management and the entire team at Kirkland Lake in their efforts for continued growth prospects."

Eric Sprott, Chairman of Kirkland Lake Gold Inc., commented, "One million ounces is a tremendous accomplishment and on behalf of the Board of Directors, I wish to express sincere thanks to all the hard work that was put into achieving this milestone. I truly believe in the prolific nature of this camp, and with the recent regional exploration success, I have no doubt that we will continue to add significant ounces to this tally in the future."

 

 

   

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