NYBob
3 años hace
AGNICO EAGLE & KIRKLAND LAKE GOLD ANNOUNCE RECEIPT OF FIRB APPROVAL, ANTICIPATED CLOSING DATE FOR MERGER AND NOTICE OF RELEASE OF AGNICO EAGLE'S FOURTH QUARTER AND FULL YEAR 2021 RESULTS
February 01 2022 - 05:01PM
PR Newswire (Canada)
https://ih.advfn.com/stock-market/NYSE/kirkland-lake-gold-KL/stock-news/87160843/agnico-eagle-kirkland-lake-gold-announce-receipt
https://ih.advfn.com/stock-market/TSX/KL/stock-news/87160842/agnico-eagle-kirkland-lake-gold-announce-receipt
TORONTO, Feb. 1, 2022 /CNW/ - Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") and Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) ("Kirkland Lake Gold") are pleased to announce that approval has been received from Australia's Foreign Investment Review Board ("FIRB Approval") regarding the proposed merger of equals between Agnico Eagle and Kirkland Lake Gold (the "Merger") by way of a plan of arrangement under the Business Corporations Act (Ontario). Agnico Eagle also announces that it will release its fourth quarter and full year 2021 results on Wednesday, February 23, 2022, after normal trading hours.
FIRB Approval and Anticipated Closing Date
FIRB Approval is the final key regulatory approval needed in order to permit closing of the Merger. The parties anticipate that the closing date of the Merger will occur on or about February 8, 2022, subject to customary closing conditions.
Fourth Quarter and Full Year 2021 Results
Agnico Eagle will release its fourth quarter and full year 2021 results on Wednesday, February 23, 2022, after normal trading hours.
Fourth Quarter and Full Year 2021 Results Conference Call and Webcast
Agnico Eagle's senior management will host a conference call on Thursday, February 24, 2022 at 11:00 AM (Eastern time) to discuss Agnico Eagle's fourth quarter and full year financial and operating results, as well as operating plans following completion of the Merger.
Via Webcast:
A live audio webcast of the conference call will be available on Agnico Eagle's website at www.agnicoeagle.com.
Via Telephone:
For those preferring to listen by telephone, please dial 416-764-8659 or toll-free 1-888-664-6392. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.
Replay archive:
Please dial 1-416-764-8677 or toll-free 1-888-390-0541, access code 093746#. The conference call replay will expire on Friday, March 25, 2022.
The webcast along with presentation slides will be archived for 180 days on Agnico Eagle's website.
Other 2022 Results Dates
Agnico Eagle's financial statement and operating results for 2022 are scheduled to be released as follows, after normal trading hours:
First Quarter – Thursday, April 28, 2022
Second Quarter – Wednesday, July 27, 2022
Third Quarter – Wednesday, October 26, 2022
Agnico Eagle's Annual General Meeting of Shareholders is scheduled to be held on Friday, April 29, 2022 at 11:00 AM (Eastern time).
About Agnico Eagle Mines Limited
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold is a low-cost senior gold producer operating in Canada and Australia that produced 1,432,616 ounces in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at February 1, 2022. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "anticipate", "could", "expect", "may", "would" or the negative of such terms and similar expressions. Such statements include: the timing of the effective date of the Merger; and the ability of Agnico Eagle and Kirkland Lake Gold to satisfy the other conditions to the Merger.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle and Kirkland Lake Gold as of the date of such statements, are inherently subject to significant business, economic, operational, and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of Agnico Eagle and Kirkland Lake Gold to be materially different from results, performance or achievements expressed or implied by such forward-looking statements and, as such, undue reliance must not be placed on them. Forward-looking statements are also based on numerous material factors and assumptions, including with respect to the ability of Agnico Eagle and Kirkland Lake Gold to satisfy, in a timely manner, the other conditions to the closing of the Merger and the completion of the Merger on expected terms. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the failure of Agnico Eagle and Kirkland Lake Gold to satisfy the conditions to the completion of the Merger, in a timely manner, or at all; and the additional risk factors set out in the joint management information circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021, including under the heading "Risk Factors". Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle and Kirkland Lake Gold do not intend, and do not assume any obligation, to update these forward-looking statements.
Cision View original content:https://www.prnewswire.com/news-releases/agnico-eagle--kirkland-lake-gold-announce-receipt-of-firb-approval-anticipated-closing-date-for-merger-and-notice-of-release-of-agnico-eagles-fourth-quarter-and-full-year-2021-results-301473254.html
SOURCE Agnico Eagle Mines Limited
Copyright 2022 Canada NewsWire
Agnico Eagle Mines (NYSE:AEM)
Historical Stock Chart
From Jan 2022 to Feb 2022 Click Here for more Agnico Eagle Mines Charts. Agnico Eagle Mines (NYSE:AEM)
Historical Stock Chart
From Feb 2021 to Feb 2022 Click Here for more Agnico Eagle Mines Charts.
NYBob
3 años hace
$Agnico Eagle & Kirkland Lake Gold Announce Receipt of FIRB Approval, Anticipated Closing Date for Merger and Notice of Release of Agnico Eagle's Fourth Quarter and Full Year 2021 Results
T.KL | 6 hours ago
TORONTO, Feb. 01, 2022 (GLOBE NEWSWIRE) --
$Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (“Agnico Eagle”) and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA) (“Kirkland Lake Gold”) are pleased to announce that approval has been received from Australia’s Foreign Investment Review Board (“FIRB Approval”) regarding the proposed merger of equals between Agnico Eagle and Kirkland Lake Gold (the “Merger”) by way of a plan of arrangement under the Business Corporations Act (Ontario). Agnico Eagle also announces that it will release its fourth quarter and full year 2021 results on Wednesday, February 23, 2022, after normal trading hours.
FIRB Approval and Anticipated Closing Date
FIRB Approval is the final key regulatory approval needed in order to permit closing of the Merger. The parties anticipate that the closing date of the Merger will occur on or about February 8, 2022, subject to customary closing conditions.
Fourth Quarter and Full Year 2021 Results
Agnico Eagle will release its fourth quarter and full year 2021 results on Wednesday, February 23, 2022, after normal trading hours.
Fourth Quarter and Full Year 2021 Results Conference Call and Webcast
Agnico Eagle's senior management will host a conference call on Thursday, February 24, 2022 at 11:00 AM (Eastern time) to discuss Agnico Eagle's fourth quarter and full year financial and operating results, as well as operating plans following completion of the Merger.
Via Webcast:
A live audio webcast of the conference call will be available on Agnico Eagle's website at www.agnicoeagle.com.
Via Telephone:
For those preferring to listen by telephone, please dial 416-764-8659 or toll-free 1-888-664-6392. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.
Replay archive:
Please dial 1-416-764-8677 or toll-free 1-888-390-0541, access code 093746#. The conference call replay will expire on Friday, March 25, 2022.
The webcast along with presentation slides will be archived for 180 days on Agnico Eagle's website.
Other 2022 Results Dates
Agnico Eagle's financial statement and operating results for 2022 are scheduled to be released as follows, after normal trading hours:
First Quarter – Thursday, April 28, 2022
Second Quarter – Wednesday, July 27, 2022
Third Quarter – Wednesday, October 26, 2022
Agnico Eagle's Annual General Meeting of Shareholders is scheduled to be held on Friday, April 29, 2022 at 11:00 AM (Eastern time).
About Agnico Eagle Mines Limited
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold is a low-cost senior gold producer operating in Canada and Australia that produced 1,432,616 ounces in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information regarding Kirkland Lake Gold, contact Anthony Makuch, President, Chief Executive Officer & Director at tmakuch@kl.gold or call +1 416-840-7884; or Mark Utting, Senior Vice President, Investor Relations at mutting@kl.gold or call +1 416-840-7884.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at February 1, 2022. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “anticipate”, “could”, “expect”, “may”, “would” or the negative of such terms and similar expressions. Such statements include: the timing of the effective date of the Merger; and the ability of Agnico Eagle and Kirkland Lake Gold to satisfy the other conditions to the Merger.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle and Kirkland Lake Gold as of the date of such statements, are inherently subject to significant business, economic, operational, and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of Agnico Eagle and Kirkland Lake Gold to be materially different from results, performance or achievements expressed or implied by such forward-looking statements and, as such, undue reliance must not be placed on them. Forward-looking statements are also based on numerous material factors and assumptions, including with respect to the ability of Agnico Eagle and Kirkland Lake Gold to satisfy, in a timely manner, the other conditions to the closing of the Merger and the completion of the Merger on expected terms. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the failure of Agnico Eagle and Kirkland Lake Gold to satisfy the conditions to the completion of the Merger, in a timely manner, or at all; and the additional risk factors set out in the joint management information circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021, including under the heading “Risk Factors”. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle and Kirkland Lake Gold do not intend, and do not assume any obligation, to update these forward-looking statements.
Primary Logo
Tags:
INDUSTRIAL METALS & MINERALS
1
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
[Suppressed Image]
[Suppressed Image]
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
NYBob
3 años hace
$bigone thanks; Kirkland Lake Gold Reports Record Production in Fourth Quarter and Full-Year 2021
January 17 2022 - 09:00AM
GlobeNewswire Inc.
https://ih.advfn.com/stock-market/TSX/KL/stock-news/87030997/kirkland-lake-gold-reports-record-production-in-fo
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced record quarterly and full-year production for the fourth quarter of 2021 (“Q4 2021”) and full-year of 2021 (“FY 2021”), respectively. Q4 2021 production totalled 380,472 ounces driven by record quarterly production at Detour Lake Mine of 210,980 ounces and a 33% increase in production at the Macassa Mine compared to the previous quarter (“Q3 2021”) to 61,336 ounces.
For FY 2021, consolidated production totalled 1,432,616 ounces, which exceeded both the Company’s original FY 2021 production guidance issued on December 10, 2020 of 1,300,000 – 1,400,000 ounces as well as improved guidance for the year of 1,350,000 – 1,400,000 ounces issued on November 3, 2021.
The outperformance versus guidance was largely driven by Fosterville Mine, where FY 2021 production of 509,601 ounces was significantly higher than original guidance of 400,000 – 425,000 ounces and compared favourably to improved guidance of approximately 500,000 ounces. The record 1,432,616 ounces of production in FY 2021 was 5% higher than 1,369,652 ounces for full-year 2020 (“FY 2020”).
All dollar amounts are expressed in U.S. dollars, unless otherwise noted.
Highlights of Q4 2021 and FY 2021 Production Results
Record consolidated production in Q4 2021 of 380,472 ounces, a 3% increase from both 369,434 ounces in the fourth quarter of 2020 (“Q4 2020”) and 370,101 ounces in Q3 2021; Record production of 1,432,616 ounces in FY 2021, a 5% increase from 1,369,652 ounces in FY 2020
Gold poured of 385,702 ounces in Q4 2021 versus 373,095 ounces in Q4 2020 and 370,487 ounces in Q3 2021; FY 2021 gold poured of 1,430,602 ounces, 5% higher than 1,364,412 ounces in FY 2020
Gold sales totalled 385,850 ounces in Q4 2021 at an average realized price(1) of $1,795 per ounce compared to gold sales of 371,009 ounces at an average realized price(1) of $1,875 per ounce in Q4 2020 and 372,100 ounces at an average realized price(1) of $1,791 per ounce the previous quarter; FY 2021 gold sales totalled 1,430,554 ounces at an average realized price(1) of $1,797 per ounce versus 1,388,944 ounces at an average realized price(1) of $1,772 per ounce in FY 2020
Record quarterly and full-year production at Detour Lake of 210,980 ounces in Q4 2021 and 712,824 ounces for FY 2021; Q4 2021 production increased 38% from 153,143 ounces in Q4 2020 and 12% from 189,233 ounces in Q3 2021; FY 2021 production increased 38% from 516,757 ounces for the 11 months in 2020 after Detour Lake was acquired on January 31, 2020 (included in the Company’s reported operating and financial results) and 27% from 563,253 ounces for FY 2020; FY 2021 production was near the top Detour Lake’s original FY 2021 guidance of 680,000 – 720,000 ounces and was in line with improved guidance of 700,000 – 720,000 ounces
Significant production outperformance at Fosterville in both Q4 2021 and FY 2021 with Q4 2021 production of 108,156 ounces and FY 2021 production totalling 509,601 ounces; Q4 2021 production compared to 164,008 ounces in Q4 2020 and 134,772 ounces in Q3 2021; FY 2021 production of 509,601 ounces was close to 100,000 ounces higher than the mid-point of the original FY 2021 guidance of 400,000 – 425,000 ounces and achieved improved guidance of approximately 500,000 ounces; FY 2021 production compared to production of 640,467 ounces in FY 2020
Strong production at Macassa in Q4 2021 totalling 61,336 ounces, a 17% increase from 52,283 ounces in Q4 2020 and 33% higher than 46,097 ounces in Q3 2021; Production in FY 2021 totalled 210,192 ounces, 15% higher than 183,037 ounces in FY 2020; FY 2021 production compared to original FY 2021 production guidance of 220,000 – 255,000 ounces and achieved the top end of revised guidance issued on November 3, 2021 of 190,000 – 210,000 ounces.
Other Highlights of Q4 2021
Shareholder approval received for proposed merger of equals (the “Merger”) with Agnico Eagle Mines Limited (“Agnico Eagle”), Merger targeted for completion between late January and mid-February 2022
The Merger was approved by both Kirkland Lake Gold and Agnico Eagle shareholders at special meetings of shareholders held on November 26, 2021, with approval from the Ontario Superior Court of Justice received on December 1, 2021; Closing of the Merger is expected between late January and mid-February, subject to approval by the Australian Foreign Investment Review Board (“FIRB”) and satisfaction or waiver of certain other customary closing conditions
Following the closing of Merger and the completion of consolidated budgets, the release of consolidated 2022 guidance for the combined company is targeted for the second half of February 2022
Continued exploration success: New high-grade mineralization was identified at Detour Lake both within and outside the new Mineral Resource pit shell established with the Mid-Year 2021 Mineral Resource estimates, which included a 10.1-million-ounce increase in open-pit Measured and Indicated Mineral Resources; At Fosterville, a revised drill assay result down-plunge of the Swan Zone significantly increased the grade of a previously-released intercept 500 metres (“m”) down-plunge of the deepest Mineral Reserves to 207 grams per tonne (“g/t”) over 2.6 m (estimated true width of 2.2 m) from 51.7 g/t over 2.6 m (estimated true width of 2.2 m) previously
Sinking phase of #4 Shaft project at Macassa completed: Sinking of the #4 Shaft reached 6,372 feet as of December 31, 2021 with completion of the sinking phase of the project, to 6,400 feet, completed as of January 12, 2022; Remaining work includes construction of the loading pocket and other infrastructure as well as additional development to connect the #4 Shaft to current mining operations, with full project completion on track for late 2022
Increased financial strength with cash of $940.0 million with no debt at December 31, 2021 versus $822.4 million at September 30, 2021 and $847.6 million at December 31, 2020; Increase in cash from December 31, 2020 achieved after returning $383.4 million to shareholders through share repurchases and dividend payments during FY 2021.
Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “We finished 2021 with a record quarter of performance, driven by record production at Detour Lake, a strong finish to the year at Macassa and higher than planned production at Fosterville as the mine continued to achieve favourable grade performance. At the same time that we generated record operating results and continued to build our financial strength, we also made significant progress towards completing the Merger with Agnico Eagle, through which we will create a new industry leader with low unit costs, the best risk profile, excellent financial strength, an extensive growth pipeline and leadership in key areas of environmental, social and governance. We received shareholder approval for the Merger near the end of November, followed by the approval of the Ontario Superior Court of Justice on December 1, 2021, and are now awaiting Foreign Investment Review Board approval in Australia. Based on expected timelines, we are targeting closing of the Merger between late January and mid-February, after which we plan to finalize the consolidated 2022 budget for the new Agnico Eagle and to release consolidated guidance to the market in the second half of February.
“Focusing on the Kirkland Lake Gold assets, on a preliminary basis, both Detour Lake and Fosterville entered 2022 well positioned to achieve production during the year in line with previously-issued guidance (included in three-year production guidance released on December 10, 2020). At Macassa, we are reviewing the operation to assess opportunities to incorporate Agnico Eagle’s Amalgamated Kirkland Zone into the mine plan, to address ongoing performance and supply chain issues related to batteries and our battery-powered haul fleet, and to evaluate future plans for the near-surface ramp and mineralized zones. Based on work to date, we expect a reduction in production in 2022 from levels included in our previously-issued three-year guidance.”
1) See “Non-IFRS Measures” beginning on page 37 of the Company’s MD&A for the three and nine months ended September 30, 2021.
COVID-19 Update
With the increase in COVID-19 cases in both Canada and Australia resulting from the spread of the Omicron variant, the Company is experiencing reduced workforce levels and some disruption to operations at all three of its operating mines. The Company’s top priority is the health and safety of its people and, as such, it is intensifying its testing and other protocols related COVID-19 while also working diligently to mitigate operational disruptions. At the present time, it is too early to determine what impact, if any, the current COVID-19 environment may have on production at Detour Lake, Macassa and Fosterville in the first quarter and full-year 2022.
https://ih.advfn.com/stock-market/TSX/KL/stock-news/87030997/kirkland-lake-gold-reports-record-production-in-fo
$Well; 2022 seems to be shaping up to be a very, very interesting year. )
$GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021
https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/
$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021
https://kingworldnews.com/gold-surges-above-1800-but-this-will-trigger-30-silver-and-2100-gold/
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
https://www.youtube.com/watch?v=O137v49P7X8
TM You Lucky; Massive Price Change In Gold And Silver | Andrew Maguire & Danielle DiMartino Gold & Silver Forecast
8,328 viewsDec 10, 2021
https://www.youtube.com/watch?v=MWR3y8rbuSA
$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
5,311 views Dec 10, 2021
https://www.youtube.com/watch?v=Y0l7dNC5lq8
C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments
https://usawatchdog.com/dollar-has-stage-4-cancer-rob-kirby/
Bitcoin CRASH tied to Evergrande DEFAULT
17770 views
https://www.brighteon.com/8333fcd0-ce14-4cca-9272-088574c30545
$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,
https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
NYBob
3 años hace
$Happy New Year - Central banks accelerate shift from dollar to gold
worldwide
More resilient to upcoming rate hikes, holdings rose to a 31-year high
in 2021
HARUKI KITAGAWA, Nikkei staff writer
DECEMBER 29, 2021 16:36 JST
TOKYO -- Central banks around the world are increasing the gold they
hold in foreign exchange reserves, bringing the total to a 31-year high
in 2021.
Central banks have built up their gold reserves by more than 4,500 tons
over the past decade, according to the World Gold Council, the
international research organization of the gold industry.
As of September, the reserves totaled roughly 36,000 tons, the largest
since 1990 and up 15% from a decade earlier.
The value of the dollar against gold has dropped sharply over the last
decade as large-scale monetary relaxation has kept boosting the supply
of the U.S. currency. Although the U.S. Federal Reserve is starting to
tighten its grip on credit, other central banks continue their shift to
gold, reflecting global concerns about the dollar-based monetary
regime.
Gold is not directly linked to any nation's economy and can withstand
global unrest in financial markets, Adam Glapinski, president of the
National Bank of Poland, was quoted by local media as saying in
September as he explained the Polish central bank's buildup of gold
reserves.
The NBP bought some 100 tons of gold in 2019 and continues to purchase
the yellow metal.
The purchase of gold by emerging economies is continuing. In the first
nine months of 2021, Thailand bought some 90 tons, India 70 tons and
Brazil 60 tons.
Unlike U.S. government bonds and other dollar-denominated assets, gold
bears no interest. But the central bank of Hungary trebled its gold
reserves to more than 90 tons last spring because the metal is free
from credit and counter party risks.
Large purchases of gold were limited in the past to the central banks of
Russia and some other countries trying to free themselves from reliance
on the dollar because of political confrontations with the U.S.
Recently, the central banks of emerging economies, which tend to be
exposed to plunges in the value of their currencies, and of Eastern
European countries of limited economic scale have been noticeable
buyers. Faced with a persistent depreciation of its currency,
Kazakhstan has sharply raised the ratio of gold to foreign exchange
reserves.
... For the remainder of the report:
https://asia.nikkei.com/Spotlight/Datawatch/Central-banks-accelerate-shift-from-dollar-to-gold-worldwide
The Fed has made clear it is ending its easy money policy and projected
that it will begin raising interest rates in 2022. But the central
banks of emerging economies are likely to continue their shift to gold
from the dollar.
Gold prices remain firm, although the metal is considered unresistant to
rate increases. On Dec. 23, gold was quoted at the $1,807 level per
troy ounce, up 2% from just before the Fed's Dec. 15 announcement of a
decision to accelerate the tapering of its quantitative monetary easing
policy.
$MERRY CHRISTMAS - Jaw Dropping" Move In Gold & Silver Amid Monetary Panic | Michael Oliver *~<)
14,055 viewsPremiered
https://www.youtube.com/watch?v=nn-IaFhSiHE
$Kirkland Lake Gold Declares Quarterly Dividend Payment
TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) -
$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”)
(TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend
payment for the fourt...
https://www.kl.gold/news-and-media/default.aspx
$Well; 2022 seems to be shaping up to be a very, very interesting year. )
$GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021
https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/
$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021
https://kingworldnews.com/gold-surges-above-1800-but-this-will-trigger-30-silver-and-2100-gold/
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
https://www.youtube.com/watch?v=O137v49P7X8
TM You Lucky; Massive Price Change In Gold And Silver | Andrew Maguire & Danielle DiMartino Gold & Silver Forecast
8,328 viewsDec 10, 2021
https://www.youtube.com/watch?v=MWR3y8rbuSA
$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
5,311 views Dec 10, 2021
https://www.youtube.com/watch?v=Y0l7dNC5lq8
C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments
https://usawatchdog.com/dollar-has-stage-4-cancer-rob-kirby/
Bitcoin CRASH tied to Evergrande DEFAULT
17770 views
https://www.brighteon.com/8333fcd0-ce14-4cca-9272-088574c30545
$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,
https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
NYBob
3 años hace
MERRY CHRISTMAS - Our global operations are located in two leading
and low-risk mining jurisdictions – Canada and Australia. Take a tour
of our mines and learn more about how we are delivering strong
production growth, improving unit costs and generating industry-leading
levels of profitability and cash flow.
https://www.kl.gold/home/default.aspx
$Jaw Dropping" Move In Gold & Silver Amid Monetary Panic | Michael Oliver *~<)
14,055 viewsPremiered 16 hours ago
https://www.youtube.com/watch?v=nn-IaFhSiHE
$Kirkland Lake Gold Declares Quarterly Dividend Payment
TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) -
$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”)
(TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend
payment for the fourt...
https://www.kl.gold/news-and-media/default.aspx
$Well; 2022 seems to be shaping up to be a very, very interesting year. )
$GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021
https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/
$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021
https://kingworldnews.com/gold-surges-above-1800-but-this-will-trigger-30-silver-and-2100-gold/
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
https://www.youtube.com/watch?v=O137v49P7X8
TM You Lucky; Massive Price Change In Gold And Silver | Andrew Maguire & Danielle DiMartino Gold & Silver Forecast
8,328 viewsDec 10, 2021
https://www.youtube.com/watch?v=MWR3y8rbuSA
$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
5,311 views Dec 10, 2021
https://www.youtube.com/watch?v=Y0l7dNC5lq8
C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments
https://usawatchdog.com/dollar-has-stage-4-cancer-rob-kirby/
Bitcoin CRASH tied to Evergrande DEFAULT
17770 views
https://www.brighteon.com/8333fcd0-ce14-4cca-9272-088574c30545
$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,
https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
MERRY CHRISTMAS - Jaw Dropping" Move In Gold & Silver Amid Monetary Panic | Michael Oliver *~<)
14,055 viewsPremiered 16 hours ago
https://www.youtube.com/watch?v=nn-IaFhSiHE
$Kirkland Lake Gold Declares Quarterly Dividend Payment
TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) -
$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”)
(TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend
payment for the fourt...
https://www.kl.gold/news-and-media/default.aspx
$Well; 2022 seems to be shaping up to be a very, very interesting year. )
$GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021
https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/
$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021
https://kingworldnews.com/gold-surges-above-1800-but-this-will-trigger-30-silver-and-2100-gold/
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
https://www.youtube.com/watch?v=O137v49P7X8
TM You Lucky; Massive Price Change In Gold And Silver | Andrew Maguire & Danielle DiMartino Gold & Silver Forecast
8,328 viewsDec 10, 2021
https://www.youtube.com/watch?v=MWR3y8rbuSA
$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
5,311 views Dec 10, 2021
https://www.youtube.com/watch?v=Y0l7dNC5lq8
C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments
https://usawatchdog.com/dollar-has-stage-4-cancer-rob-kirby/
Bitcoin CRASH tied to Evergrande DEFAULT
17770 views
https://www.brighteon.com/8333fcd0-ce14-4cca-9272-088574c30545
$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,
https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
NYBob
3 años hace
$Kirkland Lake Gold Shareholders Approve Merger of Equals With Agnico Eagle
TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) --
https://www.kl.gold/news-and-media/default.aspx
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL)
(NYSE:KL) (ASX:KLA) today announced that at a special meeting of
shareholders held earlier today (the “Meeting”), the Company’s
shareholders voted in favour of the arrangement resolution (the
“Kirkland Arrangement Resolution”) approving the proposed merger of
equals whereby all of the issued and outstanding shares of the Company
(the “Kirkland Shares”) will be acquired by Agnico Eagle Mines Limited
(“Agnico Eagle”) for common shares of Agnico Eagle (the “Agnico
Shares”) in a merger of equals for consideration per Kirkland Share
equal to 0.7935 of an Agnico Share (the “Arrangement”).
186,840,773 Kirkland Shares, representing approximately 70.85% of the issued and outstanding Kirkland Shares as at the record date, were voted at the Meeting.
The Kirkland Arrangement Resolution was approved by 150,681,106 Kirkland Shares or approximately 80.65% of votes cast by Kirkland Lake Gold shareholders either in person or represented by proxy at the Meeting.
The report of voting results will be made available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
In addition to the approval by Kirkland Lake Gold shareholders, Agnico Eagle shareholders approved the issuance of Agnico Shares in connection with the Arrangement at a special meeting of Agnico Eagle shareholders held earlier today.
Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “We are pleased that our shareholders have voted in favor of the merger of equals with Agnico Eagle. Through the merger, we will establish a new leader in the gold industry, with superior performance, significant financial strength, an extensive pipeline of development and exploration projects to support sustainable, low-risk growth and leadership in key areas of Environmental, Social and Governance.
We look forward to completing the merger, following receipt of final regulatory approvals, and to moving ahead as the new Agnico Eagle. We believe this will be a company positioned to generate superior long-term returns for shareholders going forward.
To our shareholders, thank you for your support; we know it is important to demonstrate the value we can create with Agnico Eagle and are anxious to get started!”
The Arrangement is expected to be completed during the first quarter of 2022, subject to approval by the Ontario Superior Court of Justice, approval of the Australian Foreign Investment Review Board (“FIRB Approval”) and satisfaction or waiver of certain other closing conditions.
For a more detailed description of the Arrangement, readers should review the Company’s joint management information circular with Agnico dated October 29, 2021 and visit
https://www.kl.gold/Agnico-Eagle--Kirkland-Lake-Gold-Merger/.
ABOUT KIRKLAND LAKE GOLD LTD.
Kirkland Lake Gold Ltd. Is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice-President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
https://www.kl.gold/news-and-media/default.aspx
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
Table 1: Drill Assay Intercepts for the Lower Phoenix Faults at Fosterville Gold Mine
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-Update-to-Fosterville-News-Release-of-August-30th-Significantly-Increases-Grade-of-Key-Lower-Phoenix-Intercept/default.aspx
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
Cautionary Note Regarding Forward-Looking Information
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports Record Net Earnings in Q3 2021
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-Record-Net-Earnings-in-Q3-2021/default.aspx
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake
Results confirm and expand mineralization beyond Mid-Year 2021 Mineral Resource Estimates
Drilling confirms and identifies new mineralization inside recently updated resource pit shells
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.com
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
PRESENTATION
https://s23.q4cdn.com/685814098/files/doc_presentations/2021/07/Q2-2021-CONFERENCE-CALL-AND-WEBCAST-July-29-2021-v12.pdf
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
https://www.kl.gold/news-and-media/default.aspx
Primary Logo
Source: Kirkland Lake Gold Ltd
Ps.
Kirkland Lake Gold should buy MMY bargain producer of gold & silver -
$Monument Mining Limited (MMY.VN) -
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold - 5 bagger + + + + ? or more -
IMO!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166617426
NYBob
3 años hace
$Kirkland Lake Gold Reports Favourable Recommendation From ISS for Merger of Equals With Agnico Eagle Mines Limited
Leading, Independent Proxy Advisory Firm ISS recommends Kirkland Lake Gold shareholders vote in favour of proposed merger of equals with Agnico Eagle Mines Limited
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-Favourable-Recommendation-From-ISS-for-Merger-of-Equals-With-Agnico-Eagle-Mines-Limited/default.aspx
ISS states there is “sound strategic rationale for a combination with AEM and the all-stock consideration provides an opportunity for shareholders to participate in the potential upside represented by a more diversified set of operating assets and exploration portfolio”
Shareholders are encouraged to vote well in advance of the proxy voting deadline of 11:00 am (EST) on November 24, 2021.
Questions? Need help voting? Contact Kingsdale Advisors at 1.877.659.1824
TORONTO, Nov. 10, 2021 (GLOBE NEWSWIRE) --
$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold”, the “Company” or “KL”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a leading independent proxy advisor, Institutional Shareholder Services Inc. ("ISS"), has recommended that the Company’s shareholders vote FOR the merger of equals (the “Merger”) with Agnico Eagle Mines Limited (“Agnico Eagle”) (TSX: AEM) (NYSE: AEM) by way of a plan of arrangement (the “Arrangement”).
On September 28, 2021, Kirkland Lake Gold and Agnico Eagle entered into a merger agreement pursuant to which Agnico Eagle will acquire all of the issued and outstanding common shares of Kirkland Lake Gold on the basis of 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held. Upon completion of the Arrangement, existing Kirkland Lake Gold and Agnico Eagle shareholders are expected to own approximately 46% and 54% of the outstanding shares of the pro forma company, respectively.
Following its assessment of the Arrangement, ISS stated, among other things, that:
“There appears to be sound strategic rationale for a combination with AEM and the all-stock consideration provides an opportunity for shareholders to participate in the potential upside represented by a more diversified set of operating assets and exploration portfolio... In addition, the combined company will continue to benefit from the leadership of KL's CEO who has delivered a healthy TSR since assuming the position in 2016.”
Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “We are pleased that ISS, a leading proxy advisor, has endorsed this deal and encouraged all shareholders to vote FOR the Arrangement with Agnico Eagle. The Merger represents a truly unique opportunity to create a new leader in the gold mining industry, with the lowest unit costs, best risk profile, substantial financial strength, an extensive project pipeline to drive future growth and leadership in key areas of ESG. The combined company, to continue under the Agnico Eagle name, will have a dominant position in one of the world’s great gold regions, the Abitibi region of northern Ontario and northwestern Quebec, which will provide significant value creation opportunities. The new Agnico Eagle will be a company deserving of a premium valuation, given its many competitive advantages, and will be ideally positioned to generate superior long-term returns for shareholders going forward. The endorsement of ISS is a positive step forward and we encourage all shareholders to vote their shares well in advance of the deadline at 11:00 am (EST) on November 24, 2021.”
KIRKLAND LAKE GOLD MEETING
Kirkland Lake Gold’s special meeting (the “Meeting”) of shareholders in connection with the Arrangement will be held online at 11:00 a.m. (Toronto time) on November 26, 2021 in a virtual-only format, which will be conducted via live webcast available online using the TSX Trust virtual shareholder meeting platform at https://virtual-meetings.tsxtrust.com/1231, password “kirkland2021” (case sensitive). Kirkland Lake Gold shareholders of record as of the close of business on October 13, 2021 will be eligible to vote at the Meeting.
THE DEADLINE TO VOTE YOUR SHARES IS 11:00 A.M. (TORONTO TIME) ON NOVEMBER 24, 2021
Shareholders who have questions or require assistance voting their shares, should contact Kingsdale Advisors, the Company’s strategic shareholder advisor and proxy solicitation agent, by telephone at 1.877.659.1824 toll-free in North America (+1.416.867.2272 for collect calls outside of North America) or by e-mail at contactus@kingsdaleadvisors.com, or your professional advisor.
The Company’s joint management information circular outlines the benefits for Kirkland Lake Gold shareholders and the risks related thereto and provides details about the Arrangement, including details on how shareholders can vote their Kirkland Lake Gold shares.
For a more detailed description of the Arrangement, readers should review the Company’s joint management information circular and visit www.kl.gold/Agnico-Eagle--Kirkland-Lake-Gold-Merger.
ABOUT KIRKLAND LAKE GOLD LTD.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
FOR FURTHER INFORMATION PLEASE CONTACT
Kirkland Lake Gold Ltd.
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice-President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) expectations regarding timing of the Meeting, (ii) expectations regarding whether the proposed Arrangement will be consummated, (iii) expectations regarding the potential benefits and synergies of the Arrangement , (iv) expectations regarding Kirkland Lake Gold’s financial strength and capital markets profile following completion of the Arrangement, (v) expectations regarding future exploration, development and growth potential for Kirkland Lake Gold’s and Agnico Eagle’s operations, and (vi) expectations for other economic, business, and/or competitive factors.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to consummate the Arrangement; the ability to obtain requisite court, regulatory and shareholder approvals and the satisfaction of other conditions to the consummation of the Arrangement on the proposed terms and schedule; the ability of Kirkland Lake Gold and Agnico Eagle to successfully integrate their respective operations and employees and realize synergies and cost savings at the times, and to the extent, anticipated; the potential impact of the Arrangement on exploration activities; the potential impact of the announcement or consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Arrangement; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold with the Canadian securities regulators, including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2020, its interim financial reports and related MD&A for the period ended September 30, 2021 and its management information circular dated October 29, 2021 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Primary Logo
Source: Kirkland Lake Gold Ltd
Graphics accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f24cf177-aff6-43a7-8e29-28ee97748d5a
https://www.globenewswire.com/NewsRoom/AttachmentNg/87e21f7a-1583-47e2-a06f-3ca3e535e0b8
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.
Cautionary Note Regarding Forward-Looking Information
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to planned exploration programs, costs and expenditures, the potential for the discovery of additional high-grade mineralized zones at the Fosterville Gold Mine, including statements made with respect to the future growth potential at Lower Phoenix, the Cygnet Fault and Robbin’s Hill, changes in Mineral Resource estimates, potential growth in Mineral Resources, conversion of Mineral Resources to proven and probable Mineral Reserves, the ability to extend mine life and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. These forward-looking statements include, but are not limited to, statements with respect to future exploration potential, project economics, timing and scope of future exploration, anticipated costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as “inferred” or “indicated” has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves. Among the key factors that could cause actual results to differ materially from those projected in the forward looking information are the following: the future impacts of COVID 19 and any government response to COVID 19, the ability of the Company to continue operations at its mine sites in lieu of the pandemic, its ability to reduce the spread of COVID 19 through the implementation of various COVID 19 screening and health and safety protocols at site, future planned exploration activities, risks relating to first nations and Aboriginal heritage, currency exchange rates (such as the Canadian dollar and the Australia dollar versus the United States dollar), risks associated with labour and employment matters, changes in the financial markets, future gold price, changes in applicable laws and compliance with extensive government regulation.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, risks related to international operations, risks related to obtaining the permits required to carry out planned exploration or development work, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form, financial statements and related MD&A for the periods ended December 31, 2020 and June 30, 2021 and other disclosures of “Risk Factors” by the Company and its predecessors, which are filed with the securities regulatory authorities in certain provinces in Canada and available on SEDAR. Although the Company has attempted to identify key factors that could cause actual results to differ materially, there may be other factors that cause unanticipated and unintended results. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates
This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ in certain material respects from the disclosure requirements of United States securities laws. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). These definitions differ significantly from the definitions in the disclosure requirements promulgated by the Securities and Exchange Commission (the “SEC”) applicable to domestic reporting companies. Investors are cautioned that information contained in this Annual Information Form may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations of the SEC thereunder.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
Table 1: Drill Assay Intercepts for the Lower Phoenix Faults at Fosterville Gold Mine
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-Update-to-Fosterville-News-Release-of-August-30th-Significantly-Increases-Grade-of-Key-Lower-Phoenix-Intercept/default.aspx
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
Cautionary Note Regarding Forward-Looking Information
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports Record Net Earnings in Q3 2021
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-Record-Net-Earnings-in-Q3-2021/default.aspx
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake
Results confirm and expand mineralization beyond Mid-Year 2021 Mineral Resource Estimates
Drilling confirms and identifies new mineralization inside recently updated resource pit shells
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.com
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
PRESENTATION
https://s23.q4cdn.com/685814098/files/doc_presentations/2021/07/Q2-2021-CONFERENCE-CALL-AND-WEBCAST-July-29-2021-v12.pdf
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
https://www.kl.gold/news-and-media/default.aspx
Primary Logo
Source: Kirkland Lake Gold Ltd
Ps.
Kirkland Lake Gold should buy MMY bargain producer of gold & silver -
$Monument Mining Limited (MMY.VN) -
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold - 5 bagger + + + + ? or more -
IMO!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166617426
NYBob
3 años hace
$Kirkland Lake Gold Announces Update to Fosterville News Release of
August 30th, Significantly Increases Grade of Key Lower Phoenix
Intercept
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-Update-to-Fosterville-News-Release-of-August-30th-Significantly-Increases-Grade-of-Key-Lower-Phoenix-Intercept/default.aspx
Download this Press ReleasePDF Format (opens in new window)
Revised underground drill assay result increases the grade of VG ( 1) intercept in hole UDH4051 located down-plunge of Swan Zone, 500 m (1) from deepest Mineral Reserves
Key intercept: 51.7 g/t(1) over 2.6 m (ETW(1) 2.2 m) revised to 207 g/t(1) Au over 2.6 m(1) (ETW(1) 2.2 m(1))
( 1) Abbreviations include: VG – Visible Gold; m – metres; g/t – grams per tonne gold; ETW – estimated true width.
TORONTO, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced a revised drill intercept for one drill hole reported in the Lower Phoenix System at Fosterville in the news release issued on August 30, 2021 (the “August 30th News Release”). All other intercepts reported that August 30th News Release are unchanged. The drilling results and collar information for drill hole UDH4051 are presented in Tables 1 and 2.
The drill result initially reported for the Lower Phoenix VG intercept was 51.7 g/t Au over 2.6 m (ETW 2.2 m), including 215 g/t over 0.6 m (ETW 0.5 m) in hole UDH4051. However, the revised intercept is 207 g/t Au over 2.6 m (ETW 2.2 m), including 947 g/t Au over 0.6 m (ETW 0.5 m). The grade revision for the intercept represents a four-fold increase from the previously reported result. The revision followed additional review of the assays released on August 30, 2021 from the Fosterville mine and resulted from an analytical error at independent assay laboratory, On Site Laboratory Services.
Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “The correction to the intercept in hole UDH4051 is significant as, at 207 g/t over 2.6 m, it is extremely high-grade and is located 500 m away from our deepest Mineral Reserves in Lower Phoenix. With the very high concentrations of gold we get in the quartz with VG mineralization at Fosterville, the revised intercept provides increasing evidence that there will be additional high-grade lenses that we can identify as we drill to extend the deposit down-plunge from current Mineral Reserves.”
The error in the initial report was identified during a subsequent review of the sample batch, which was assayed using an Atomic Absorption Spectrometry (AAS) instrument to measure gold in solutions. The analytical method required solutions for extremely high-grade gold samples to be diluted, and dilution calculations applied to the AAS readings to return the gold assay. On Site Laboratory Services identified that a transcription error had occurred, and that a dilution calculation had not been applied to two results in their initial report.
Comparable results for the updated UDH4051 intercept have since been returned for screen fire (metallic screening) assay, and the Chrysos PhotonAssay techniques.
Qualified Persons
Troy Fuller, MAIG, Director of Exploration, Australia, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
For further information regarding the Company’s 2020 Mineral Reserves and Mineral Resources estimates for the Fosterville Gold Mine, please refer to the Company’s News Release dated February 25, 2021 and the Technical Report entitled “Updated NI 43-101 Technical Report Fosterville Gold Mine In the State of Victoria, Australia” effective December 31, 2018, both available on the Company’s website and on SEDAR.
Drilling and Underground Sampling Assay QAQC
Kirkland Lake Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All underground diamond drill hole collars are accurately surveyed using a Leica TS16 Total Station (Table 2). Down-hole deviations are measured by either electronic gyro or single-shot instruments.
Sampling of diamond drill hole UDH4051 consisted of full core sampled that was sent to an independent laboratory for analysis. Sample pulps are returned from the assay laboratory for reference and future geological or metallurgical studies. Drill core sample intervals vary between 0.1 and 1.0m in length and were determined from logging of sulfide and VG to geological boundaries.
For assay QAQC purposes Certified Reference Material (CRM) and Blank samples are inserted into the sample stream at rates of approximately 1 in 25.
Samples containing visible-gold or considered likely to contain visible-gold were separated from sulfide gold samples and dispatched separately for assaying. At the laboratory “visible-gold” jobs were processed through a single pulverizer and material barren of gold (‘quartz wash’) was crushed before and after each sample to minimize the potential for gold to contaminate successive samples.
Assays are based on a 25-gram fire assay method. Samples containing VG or returning high-grade fire assay results are also verified by Screen fire assaying (metallic screening) with either Atomic Absorption Spectroscopy (AAS) or Gravimetric finish. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2 m internal dilution. No upper gold grade cut-off is applied to the data. However, during future Mineral Resource studies the requirement for assay top cutting will be assessed.
The samples were assayed at On Site Laboratory Services, an independent laboratory in Bendigo, Victoria. The facility is registered under ISO 9001:2015 (CERT-40147) and operates in accordance with ISO/IEC17025 (accreditation no. 20456) under National Association of Testing Authorities, Australia (NATA).
Graphics accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f24cf177-aff6-43a7-8e29-28ee97748d5a
https://www.globenewswire.com/NewsRoom/AttachmentNg/87e21f7a-1583-47e2-a06f-3ca3e535e0b8
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.
Cautionary Note Regarding Forward-Looking Information
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to planned exploration programs, costs and expenditures, the potential for the discovery of additional high-grade mineralized zones at the Fosterville Gold Mine, including statements made with respect to the future growth potential at Lower Phoenix, the Cygnet Fault and Robbin’s Hill, changes in Mineral Resource estimates, potential growth in Mineral Resources, conversion of Mineral Resources to proven and probable Mineral Reserves, the ability to extend mine life and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. These forward-looking statements include, but are not limited to, statements with respect to future exploration potential, project economics, timing and scope of future exploration, anticipated costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as “inferred” or “indicated” has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves. Among the key factors that could cause actual results to differ materially from those projected in the forward looking information are the following: the future impacts of COVID 19 and any government response to COVID 19, the ability of the Company to continue operations at its mine sites in lieu of the pandemic, its ability to reduce the spread of COVID 19 through the implementation of various COVID 19 screening and health and safety protocols at site, future planned exploration activities, risks relating to first nations and Aboriginal heritage, currency exchange rates (such as the Canadian dollar and the Australia dollar versus the United States dollar), risks associated with labour and employment matters, changes in the financial markets, future gold price, changes in applicable laws and compliance with extensive government regulation.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, risks related to international operations, risks related to obtaining the permits required to carry out planned exploration or development work, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form, financial statements and related MD&A for the periods ended December 31, 2020 and June 30, 2021 and other disclosures of “Risk Factors” by the Company and its predecessors, which are filed with the securities regulatory authorities in certain provinces in Canada and available on SEDAR. Although the Company has attempted to identify key factors that could cause actual results to differ materially, there may be other factors that cause unanticipated and unintended results. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates
This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ in certain material respects from the disclosure requirements of United States securities laws. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). These definitions differ significantly from the definitions in the disclosure requirements promulgated by the Securities and Exchange Commission (the “SEC”) applicable to domestic reporting companies. Investors are cautioned that information contained in this Annual Information Form may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations of the SEC thereunder.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
Table 1: Drill Assay Intercepts for the Lower Phoenix Faults at Fosterville Gold Mine
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-Update-to-Fosterville-News-Release-of-August-30th-Significantly-Increases-Grade-of-Key-Lower-Phoenix-Intercept/default.aspx
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
Cautionary Note Regarding Forward-Looking Information
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports Record Net Earnings in Q3 2021
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-Record-Net-Earnings-in-Q3-2021/default.aspx
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake
Results confirm and expand mineralization beyond Mid-Year 2021 Mineral Resource Estimates
Drilling confirms and identifies new mineralization inside recently updated resource pit shells
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.com
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
PRESENTATION
https://s23.q4cdn.com/685814098/files/doc_presentations/2021/07/Q2-2021-CONFERENCE-CALL-AND-WEBCAST-July-29-2021-v12.pdf
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
https://www.kl.gold/news-and-media/default.aspx
Primary Logo
Source: Kirkland Lake Gold Ltd
Ps.
Kirkland Lake Gold should buy MMY bargain producer of gold & silver -
$Monument Mining Limited (MMY.VN) -
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold - 5 bagger + + + + ? or more -
IMO!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166617426
NYBob
3 años hace
$Kirkland Lake Gold Announces Update to Fosterville News Release of August 30th, Significantly Increases Grade of Key Lower Phoenix Intercept
Revised underground drill assay result increases the grade of VG ( 1) intercept in hole UDH4051 located down-plunge of Swan Zone, 500 m (1) from deepest Mineral Reserves
Key intercept: 51.7 g/t(1) over 2.6 m (ETW(1) 2.2 m) revised to 207 g/t(1) Au over 2.6 m(1) (ETW(1) 2.2 m(1))
( 1) Abbreviations include: VG – Visible Gold; m – metres; g/t – grams per tonne gold; ETW – estimated true width.
TORONTO, Nov. 05, 2021 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced a revised drill intercept for one drill hole reported in the Lower Phoenix System at Fosterville in the news release issued on August 30, 2021 (the “August 30th News Release”). All other intercepts reported that August 30th News Release are unchanged. The drilling results and collar information for drill hole UDH4051 are presented in Tables 1 and 2.
The drill result initially reported for the Lower Phoenix VG intercept was 51.7 g/t Au over 2.6 m (ETW 2.2 m), including 215 g/t over 0.6 m (ETW 0.5 m) in hole UDH4051. However, the revised intercept is 207 g/t Au over 2.6 m (ETW 2.2 m), including 947 g/t Au over 0.6 m (ETW 0.5 m). The grade revision for the intercept represents a four-fold increase from the previously reported result. The revision followed additional review of the assays released on August 30, 2021 from the Fosterville mine and resulted from an analytical error at independent assay laboratory, On Site Laboratory Services.
https://www.kl.gold/news-and-media/default.aspx
Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “The correction to the intercept in hole UDH4051 is significant as, at 207 g/t over 2.6 m, it is extremely high-grade and is located 500 m away from our deepest Mineral Reserves in Lower Phoenix. With the very high concentrations of gold we get in the quartz with VG mineralization at Fosterville, the revised intercept provides increasing evidence that there will be additional high-grade lenses that we can identify as we drill to extend the deposit down-plunge from current Mineral Reserves.”
The error in the initial report was identified during a subsequent review of the sample batch, which was assayed using an Atomic Absorption Spectrometry (AAS) instrument to measure gold in solutions. The analytical method required solutions for extremely high-grade gold samples to be diluted, and dilution calculations applied to the AAS readings to return the gold assay. On Site Laboratory Services identified that a transcription error had occurred, and that a dilution calculation had not been applied to two results in their initial report.
Comparable results for the updated UDH4051 intercept have since been returned for screen fire (metallic screening) assay, and the Chrysos PhotonAssay techniques.
Qualified Persons
Troy Fuller, MAIG, Director of Exploration, Australia, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.
For further information regarding the Company’s 2020 Mineral Reserves and Mineral Resources estimates for the Fosterville Gold Mine, please refer to the Company’s News Release dated February 25, 2021 and the Technical Report entitled “Updated NI 43-101 Technical Report Fosterville Gold Mine In the State of Victoria, Australia” effective December 31, 2018, both available on the Company’s website and on SEDAR.
Drilling and Underground Sampling Assay QAQC
Kirkland Lake Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All underground diamond drill hole collars are accurately surveyed using a Leica TS16 Total Station (Table 2). Down-hole deviations are measured by either electronic gyro or single-shot instruments.
Sampling of diamond drill hole UDH4051 consisted of full core sampled that was sent to an independent laboratory for analysis. Sample pulps are returned from the assay laboratory for reference and future geological or metallurgical studies. Drill core sample intervals vary between 0.1 and 1.0m in length and were determined from logging of sulfide and VG to geological boundaries.
For assay QAQC purposes Certified Reference Material (CRM) and Blank samples are inserted into the sample stream at rates of approximately 1 in 25.
Samples containing visible-gold or considered likely to contain visible-gold were separated from sulfide gold samples and dispatched separately for assaying. At the laboratory “visible-gold” jobs were processed through a single pulverizer and material barren of gold (‘quartz wash’) was crushed before and after each sample to minimize the potential for gold to contaminate successive samples.
Assays are based on a 25-gram fire assay method. Samples containing VG or returning high-grade fire assay results are also verified by Screen fire assaying (metallic screening) with either Atomic Absorption Spectroscopy (AAS) or Gravimetric finish. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2 m internal dilution. No upper gold grade cut-off is applied to the data. However, during future Mineral Resource studies the requirement for assay top cutting will be assessed.
The samples were assayed at On Site Laboratory Services, an independent laboratory in Bendigo, Victoria. The facility is registered under ISO 9001:2015 (CERT-40147) and operates in accordance with ISO/IEC17025 (accreditation no. 20456) under National Association of Testing Authorities, Australia (NATA).
Graphics accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f24cf177-aff6-43a7-8e29-28ee97748d5a
https://www.globenewswire.com/NewsRoom/AttachmentNg/87e21f7a-1583-47e2-a06f-3ca3e535e0b8
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 - 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
Cautionary Note Regarding Forward-Looking Information
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports Record Net Earnings in Q3 2021
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-Record-Net-Earnings-in-Q3-2021/default.aspx
https://www.kl.gold/news-and-media/default.aspx
$Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake
Results confirm and expand mineralization beyond Mid-Year 2021 Mineral Resource Estimates
Drilling confirms and identifies new mineralization inside recently updated resource pit shells
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.com
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
PRESENTATION
https://s23.q4cdn.com/685814098/files/doc_presentations/2021/07/Q2-2021-CONFERENCE-CALL-AND-WEBCAST-July-29-2021-v12.pdf
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
https://www.kl.gold/news-and-media/default.aspx
Primary Logo
Source: Kirkland Lake Gold Ltd
Ps.
Kirkland Lake Gold should buy MMY bargain producer of gold & silver -
$Monument Mining Limited (MMY.VN) -
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold - 5 bagger + + + + ? or more -
IMO!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166617426
NYBob
3 años hace
$Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake
Results confirm and expand mineralization beyond Mid-Year 2021 Mineral Resource Estimates
Drilling confirms and identifies new mineralization inside recently updated resource pit shells
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
Key Saddle Zone intercepts(1): 20.10 gpt(2) over 25.3 m(2), incl(2) 67.02 gpt over 6.0 m and incl 13.82 gpt over 6.3 m; 3.92 gpt over 34.0 m, incl 54.13 gpt over 2.0m; 3.31 gpt over 30.0 m incl 14.50 gpt over 2.0 m and incl 16.18 gpt over 3.0 m; 2.17 gpt over 26.0 m, incl 19.25 gpt over 2.0 m
Key West Pit Zone intercepts(1): 3.23 gpt(2) over 20.0 m; 2.62 gpt over 48.0 m, incl 19.43 gpt over 3.7 m; 1.69 gpt over 36.0 m; 1.48 gpt over 23.7 m incl 10.25 gpt over 2.0 m; 1.38 gpt over 29.0 m; 1.18 gpt over 50.0 m, incl 13.15 gpt over 2.0 m; 1.16 gpt over 22.0 m; 1.14 gpt over 75.0 m, 1.09 gpt over 32.1 m
Drilling outside and adjacent to updated resource pit shells intersects new high-grade mineralization
Key Saddle Zone intercepts(1): 3.95 gpt(2) over 22.0 metres (“m”), incl 12.30 gpt over 4.0 m; 2.85 gpt over 36.0 m, incl 18.71 gpt over 2.1 m; 2.83 gpt over 54.8 m, incl 32.3 gpt over 2.5 m and incl 10.39 gpt over 2.8 m; 1.58 gpt over 41.4 m, incl 6.33 gpt over 8.0 m; 1.58 gpt over 32.0 m; 1.14 gpt over 37.5 m
Key West Pit Zone intercepts(1): 4.77 gpt(2) gpt over 32.0 metres (“m”), incl 44.46 gpt over 3.0 m; 157.77 gpt over 2.0 m; 52.90 gpt over 2.0 m; 8.21 gpt over 10.0 m; 7.99 gpt over 5.0 m; 17.74 gpt over 2.2 m; 17.17 gpt over 2.0 m; 2.07 gpt over 21.0 m; 1.81 gpt over 21.0 m, 1.37 gpt over 25.0 m.
(1) True widths are unknown at this time and intervals are reported using core lengths intersected in the holes.
(2) Grams per tonne (“gpt”); Metres (“m”); Including (“incl.”).
TORONTO, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced results from 39 holes including six wedge holes and 35,572.6 m of drilling along the Detour Mine Trend (“DMT”) at the Detour Lake property. The new holes being reported are the seventh batch of results from the 2020/2021 exploration program and the first since the October 15, 2021 filing of the updated 43-101 Technical Report which incorporated ongoing drilling at Detour up to July 26, 2021. The program is being completed to collect additional information supporting and potentially expanding the recently released 10.1-million-ounce increase in Measured and Indicated (“M&I”) Mineral Resources (the “Mid-Year 2021 Mineral Resource Estimates”). The Company expects to convert a significant percentage of the increased M&I Mineral Resources into Mineral Reserves as it works to complete a new production plan, expected to be released in early 2022. Most of the new holes announced today are from drilling in the Saddle Zone, located between the existing Main Pit and planned West Pit locations, which has been underexplored and has no Mineral Reserves and from the future West Pit area.
Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “When we acquired Detour Lake we indicated that the potential existed to substantially grow Mineral Resources and Mineral Reserves and, with the extensive exploration success we are achieving, we are well down the path to achieving that growth. Today’s drill results include a number of wide, high-grade intersections which highlight the opportunity we have to add significant new Mineral Resources beyond the 10.1-million-ounce increase that we recently reported. The results continue to confirm the existence of a broad and continuous corridor of mineralization extending over 4.0 km from the Main Pit through the Saddle Zone to beyond the planned West Pit location to a depth of at least 800 m below surface with the system remaining open.
“The new holes demonstrate the potential for further growth in Mineral Resources both within and outside of the existing resource pit shells. Also encouraging is that we continue to extend the mineralization to depth. Our 2020/2021 drilling program at Detour Lake is continuing with 12 surface drills in operation, with approximately 300,000 m of total drilling expected to be completed by the end of 2021.”
Saddle Zone
Drilling in the Saddle Zone included eight holes (9,277.7 m), including two wedge holes and targeted areas along the DMT directly to the west of the Main Pit Mineral Reserve shell.
Significant results from the drilling include: 20.10 gpt over 25.3 m, incl 67.03 gpt over 6.0 m and incl 13.82 gpt over 6.3 m, 1.62 gpt over 35.7 m, 1.33 gpt over 87.0 m, incl 18.13 over 2.0 m and 1.30 gpt over 53.0 m, incl 12.84 gpt over 2.1 m from hole DLM-21-295; 2.17 gpt over 26.0 m, incl 19.25 gpt over 2.0 m, 3.49 gpt over 16.0 m, incl 13.09 m over 3.0 m, 1.55 gpt over 54.0 and 1.18 gpt over 40.0 m from hole DLM-21-259; 3.31 gpt over 30.0 m, incl 14.50 gpt over 2.0 m and incl 16.18 gpt over 3.0 m, 1.50 gpt over 20.0 m, 1.36 gpt over 41.0 m, incl 18.77 over 2.0 m from hole DLM-21-259W; 1.22 gpt over 62.0 m, 1.37 gpt over 24.0 m, 1.23 gpt over 31.0 m and 1.89 gpt over 14.0 m from DLM-21-286; 1.36 gpt over 61.8 m, incl 6.05 gpt over 5.0 m, 2.71 over 21.9 m, 1.77 gpt over 30.0 m, 0.90 gpt over 24.2 m and 17.49 gpt over 2.0 m from hole DLM-21-289, 3.92 gpt over 34.0 m, incl 54.13 gpt over 2.0 m, 1.08 gpt over 32.9 m, and 19.70 gpt over 2.0 m from hole DLM-21-296. These holes were drilled to target the DMT between 200 and 550 m below surface and continue to confirm and identify new mineralization within untested gaps inside the recently announced updated Mineral Resource pit shells.
Additional significant intersections within the Saddle Zone which identified mineralization outside and below the October 15, 2021 Mineral Resource pit shell include: 3.95 gpt over 22.0 m, incl 12.30 gpt over 4.0 m from DLM-21-264D; 2.83 gpt over 54.8 m, incl 10.39 gpt over 2.8 m and incl 32.30 gpt over 2.5 m from DLM-21-289, and 2.85 gpt over 36.0 m, incl 18.71 gpt over 2.1 m and 1.58 gpt over 32.0 m from DLM-21-296; 1.58 gpt over 41.4 m, incl 6.33 gpt over 8.0 m, 1.14 gpt over 37.5 m, from DLM-21-259W; and 0.93 gpt over 32.0 m and 0.89 gpt over 29.8 m from DLM-21-286.
Results from all new holes in this area are considered extremely encouraging as they continue to confirm the presence of a broad corridor of mineralization extending between the Main Pit and Mineral Reserve in the planned West Pit (a distance of over 800 m) with the overall style of mineralization and gold tenor being very similar to that found in existing Mineral Reserves. Particularly encouraging is the identification of wide, high-grade mineralization near the lower limits of the current Mineral Resource pit shell, which indicates that a potential exists to expand the pit shell to depth and to add significant new open-pit Mineral Resources as well as to define underground Mineral Resources below the pit.
Future West Pit
Drilling west of the Main Pit and Saddle Zone areas in the future West Pit location included 31 holes (26,294.9 m) and four wedge holes.
Significant results from the drilling include: 3.23 gpt over 20.0 m, 1.09 gpt over 32.1 m, and 1.69 gpt over 16.8 m from hole DLM-21-268B; 2.62 gpt over 48.0 m, incl 19.43 gpt over 3.7 m, 0.93 gpt over 12.0 m from DLM-21-269A; 2.41 gpt over 10.0 m, 16.83 gpt over 2.0 m , 7.48 gpt over 3.0 m, 3.27 gpt over 8.6 m and 0.88 gpt over 21.0 m, from DLM-21-266; 1.69 gpt over 36.0 m, 1.01 gpt over 25.0 m, 26.07 gpt over 2.0 m , and 13.75 gpt over 3.0 m, from DLM-21-273; 1.18 gpt over 50.0 m, inc 13.15 gpt over 2.0 m, 0.97 gpt over 26.0 m from DLM-21-290; 1.14 gpt over 75.0 m, 0.80 gpt over 98.0 m, 1.71 gpt over 18.4 m,0.91 gpt over 19.0 m and 21.85 gpt over 2.0 m from DLM-21-249; 1.16 gpt over 22.0 m and 0.92 gpt over 26.8 m from DLM-21-270; 1.08 gpt over 36.1 m, 0.99 gpt over 53.0 m and 0.86 gpt over 39.0 m from DLM-21-301A; 2.24 gpt over 15.3 m and 0.82 gpt over 25.0 m from DLM-21-279; 2.07 gpt over 14.8 m, 52.90 gpt over 2.0 m and 18.26 gpt over 2.0 m from DLM-21-291A; and 1.00 gpt over 23.6m, 0.82 gpt over 28.0 m from DLM-21-241D. These holes were drilled to target the DMT between 200 and 500 m below surface and continue to confirm and identify new mineralization within untested gaps inside the recently announced updated Mineral Resource Pit shells.
North of the West Pit Resource
Recent drilling targeting mineralization north of the October 15, 2021 updated Mineral Resource in the West Pit area continue to demonstrate potential both near surface and at depth immediately to the north of the West Pit optimized Resource Pit Shell.
Significant intercepts from this area include: 4.77 gpt over 32.0 m, incl 44.46 gpt over 3.0 m, 17.74 gpt over 2.2 m, 17.17 gpt over 2.0 m, 1.07 gpt over 18.6 m and 0.88 gpt over 18.0 m from DLM-21-300; 2.07 gpt over 21.0 m, incl 4.04 gpt over 9.0 m from DLM-283A; 1.36 gpt over 34.0 m,1.18 gpt over 40.2 m, 1.71 gpt over 10.2 m from hole DLM-21-278; 77.27 gpt over 2.0 m from DLM-21-275, 0.87 gpt over 31.0 m,1.16 gpt over 15.5 m, and 1.18 gpt over 10.0 m from DLM-21-271; and 0.90 gpt over 37.0 m, incl 4.13 gpt over 3.0 m, 10.41 gpt over 2.0 m, 0.89 gpt over 15.0 m, and 0.87 gpt over 13.0 m from DLM-21-294A.
Below West Pit Resource
Drilling results below the West Pit area continue to demonstrate the potential for additional resources below the updated Resource Pit Shell.
Significant intercepts from this area, which demonstrate significant grades between 600 and 800 m below surface, include: 8.21 gpt over 10.0 m from DLM-21-279, 157.77 gpt over 2.0 m, 18.06 gpt over 2.0, 2.84 gpt over 12.0 m, incl 14.60 gpt over 2.0 m, and 0.93 gpt over 15.9 m from DLM-21-241D; 7.46 gpt over 5.0 m,1.43 gpt over 16.0 m from DLM-21-265; 7.99 gpt over 5.0 m, 1.25 gpt over 19.0, 1.64 gpt over 13.0 m and 1.04 gpt over 15.0 m from DLM-21-269A; 1.81 gpt over 21.0 m from DLM-21-270; 1.37 gpt over 25.0 m and 0.88 gpt over 18.0 m from DLM-21-282A; 1.08 gpt over 50.5 m and 8.01 gpt over 2.7m from DLM-21-266; 0.98 gpt over 95.5 m from DLM-21-268B, 0.80 gpt over 25.0 m and 0.70 gpt over 38.0 m from DLM-21-280.
Results from the drilling are considered very positive and continue to confirm the continuation of mineralization through the west portion of the Saddle Zone and into the area under the planned West Pit.
Based on assay results and other observations obtained from the program to date, the outlook for the project continues to be encouraging. The evidence of a broad and continuous corridor of mineralization extending from the Main Pit through the Saddle Zone to the planned West Pit is supported by the October 15, 2021 43-101 Technical Report with continued drilling intersecting mineralization to a depth of at least 800 m below surface. The work also suggests that mineralization within the corridor is very similar to that found in existing Mineral Reserves and is hosted within broad zones containing variable amounts of quartz and pyrite, which are controlled mainly by east-west trending, moderately north-dipping folds and shear structures which plunge at a shallow angle to the west. Given results to date, the potential to identify further extensions to mineralization as well as additions to Mineral Resources and Mineral Reserves through additional drilling is considered excellent.
The 2020/2021 exploration program is continuing at Detour Lake with twelve drills current working and a total of approximately 300,000 m expected to be completed by the end of 2021.
Qualified Persons
The Company’s exploration programs at Detour Lake are conducted under the supervision of Eric Kallio, P.Geo., Senior Vice President, Exploration. Mr. Kallio, as well as Keith Green, P.Geo., Director, Exploration, Canada, and Steve Gray, P.Geo, Exploration Superintendent, Detour Lake Mine, are ‘qualified persons’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and have reviewed and approved the scientific and technical information in this news release.
QA/QC Controls
The Company has implemented a quality assurance and control (“QA/QC”) program to ensure sampling and analysis of all exploration work is conducted in accordance with best practices. Samples are logged and sampled in a secure facility at the Detour mine site and under supervision of Qualified Geologists. NQ sized core is predominantly sawn in half with one half of the core prepared for shipment, the other half of core retained for future assay verification. Certified reference material (CRM) standards and coarse blank material are inserted every 20 samples. Core samples are shipped directly by courier and tracked via a chain of custody from site to certified off-site analytical laboratories for preparation and assaying.
Kirkland Lake Gold utilizes four accredited external laboratories to manage the significant volume of sample submissions. Each lab is certified by the Standards Council of Canada (SCC) which conforms with ASB-RG Mineral Analysis Laboratory for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025: General Requirements for the Competence of Testing and Calibration Laboratories.
Sample preparation includes crushing drill core up to 80% passing 2 mm, riffle splitting 500 grams and pulverizing to 95% passing 105 µm followed by both scheduled and specifically requested silica sand cleaning. Gold Analysis involves Fire Assay – Atomic Absorption (AA) technique from a 50-gram pulp sample with grade ranges between 5 to 10,000 ppb. Samples greater than 10,000 ppb are analyzed with a gravimetric finish. Selected high grade samples are also analyzed using the screen metallics procedure.
Contracted laboratories for the Kirkland Lake Gold’s Detour Project include: ALS Global (sample preparation completed in Timmins, Ontario with pulps sent to Vancouver, BC for analysis), Activation Laboratories (sample preparation and analysis completed in Timmins, Ontario), SGS Laboratories (sample preparation and analysis completed in Cochrane, Ontario) and AGAT Laboratories (sample preparation in Timmins and analysis in Mississauga).
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website at www.kl.gold.
Cautionary Note Regarding Forward-Looking Information
This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to planned the exploration program at the Detour Lake Mine, costs and expenditures, the ability to potentially expand Mineral Reserves, changes in Mineral Resources and conversion of Mineral Resources to proven and probable reserves, the ability to expand the current pit design of the mine, the new mine plan and anticipated timing of the updated technical report with respect to the Detour Lake Mine and the anticipated benefits thereon, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. These forward-looking statements include, but are not limited to, statements with respect to future exploration potential, project economics, timing and scope of future exploration, anticipated costs and expenditures, changes in Mineral Resources and conversion of Mineral Resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of Mineral Resource. A Mineral Resource that is classified as "Inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated Mineral Resource" or "Inferred Mineral Resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, risks related to international operations, risks related to obtaining the permits required to carry out planned exploration or development work, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold, as well as those factors discussed in the section entitled "Risk Factors" in the Company’s Annual Information Form for the year ended December 31, 2020 and other disclosures of "Risk Factors" by the Company and its predecessors, available on SEDAR. Although Kirkland Lake Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates
This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”)-CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended. These definitions differ from the definitions in SEC Industry Guide 7 under the United States Securities Act of 1993, as amended (the “Securities Act”).
The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities Exchange Act of 1934 (“Exchange Act”). These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) and, following a two-year transition period, the SEC Modernization Rules will replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Following the transition period, as a foreign private issuer that files its annual report on Form 40-F with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. If the Company ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40-F pursuant to the multi-jurisdictional disclosure system, then the Company will be subject to the SEC Modernization Rules which differ from the requirements of NI 43-101 and the CIM Definition Standards. The SEC Modernization Rules include the adoption of terms describing mineral reserves and mineral resources that are “substantially similar” to the corresponding terms under the CIM Definition Standards. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be “substantially similar” to the corresponding CIM Definitions. U.S. investors are cautioned that while the above terms are “substantially similar” to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules.
U.S. investors are also cautioned that while the SEC will now recognize “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable. Further, “inferred mineral resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of the “inferred mineral resources” exist. Under Canadian securities laws, estimates of “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884, E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884, E-mail: mutting@kl.gold
Table 1. Detour Lake Mine – Significant Assay Results
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Reports-New-Wide-High-Grade-Intersections-at-Detour-Lake-eef6cc257/default.aspx
$Agnico Eagle and Kirkland Lake Gold Announce Filing of Joint Management
Information Circular in Connection With Proposed Merger
TORONTO, Nov. 01, 2021 (GLOBE NEWSWIRE) -
Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (“ Agnico Eagle ” or the “
Company ”) and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA) (“
Kirkland Lake G...
https://www.kl.gold/news-and-media/default.aspx
http://www.agnicoeagle.com/en/pages/default.aspx
http://ih.advfn.com/stock-market/TSX/KL/stock-news/86150994/agnico-eagle-and-kirkland-lake-gold-announce-merge
Regístrate gratis para obtener cotizaciones en tiempo real, gráficos interactivos, flujo de opciones en vivo y más.
Lowjack
3 años hace
Hot Features
Premium
