Kirkland Lake Gold Kirkland Lake Gold Announces Fiscal 2015 Third Quarter Production Results and Details of Earnings Release ...

 
TIDMKGI 
 
Kirkland Lake Gold Announces Fiscal 2015 Third Quarter Production Results and Details of Earnings Release and Conference Call 
 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
February 9, 2015 
 
Kirkland Lake Gold Announces Fiscal 2015 Third Quarter Production Results and Details of Earnings Release and 
Conference Call 
 
TORONTO, ONTARIO--(Marketwired - Feb. 9, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the 
"Company") (TSX:KGI)(AIM:KGI), an operating and exploration gold mining company, announces operational results 
for the third quarter of fiscal 2015 ("FQ3"), which include the months of November, December and January. 
 
Highlights: 
 
=-  91,148 tons milled at a head grade of 0.44 ounces per ton ("opt") or 
    15.1 grams per tonne ("g/t") and a recovery rate of 96.6%. 
=-  39,722 ounces of gold sold during the quarter. 
=-  Total of 116,600 ounces of gold sold year-to-date ("YTD") of fiscal 2015 
    ("F2015"). 
=-  On track to achieve the upper end of annual production guidance of 
    between 140,000 - 155,000 ounces. 
=-  The Company had cash and cash equivalents of $44.0 million as at January 
    31, 2015. 
 
Development work during FQ3 progressed as planned with one jumbo advancing the main ramp development towards 
the 5600 level and the other jumbo focussed on stope development. In addition, a third stope on the 5400L 
within the South Mine Complex entered into production in early December. The Company is anticipating it will 
have a total of five stopes in production on the 5400 level by the end of this fiscal year (April 30, 2015), 
which will ensure more consistent ore production from the 5400 level as we move into fiscal 2016, where the 
average reserve grade is 0.57 opt (19.5 g/t). 
 
The average production rate achieved for FQ3 was 1,030 tons per day ("tpd"), a 3% increase over the previous 
quarter. However, during the month of January there was a significant increase to 1,220 tpd with 37,800 ore 
tons delivered to the mill. This increase was due to better than anticipated worker productivity and higher 
stope availability throughout the mine due to improved transitioning in the mining cycle from ore production to 
paste filling back to ore production cycles. 
 
The head grade achieved during the quarter of 0.44 opt (15.1 g/t), is an increase of 9% over the previous 
quarter with a milling recovery of 96.6%. 
 
The cash balance as at January 31, 2015, does not include any proceeds of the announced bought deal financing 
(announced on January 27 and January 28, 2015) which is expected to close on or about February 18, 2015. 
 
Mr. George Ogilvie, President & Chief Executive Officer commented, "The operation continues to make good 
progress and has performed well during the third quarter. Of particular note was the month of January where the 
daily production rate increased by 25% over the previous two months combined. 
 
"The Company remains on track to achieve the upper end of its production guidance of between 140,000 - 155,000 
ounces of gold. We are also pleased to report that our cash balance continued to strengthen quarter over 
quarter despite the fall in the average price of gold sold and the $4.4 million interest payment made on the 
convertible debentures in December. 
 
"We are pleased with the progress the Company has made over the course of the last year and will look to build 
upon this as we begin our budgeting process for fiscal 2016." 
 
FQ3 Earnings Results and Conference Call 
 
The Company intends to release its FQ3 results on Wednesday March 11, 2015, at 2:00 am EDT (7:00 am BST) and 
will hold a conference call to discuss these results at 11:00am EDT (4:00pm BST), the same day. The Company 
invites you to participate via teleconference, the details of which will be posted on the Company's website 
(www.klgold.com) in due course. 
 
Qualified Person 
 
Production at the Macassa Mine and processing at KL Gold's milling facility are under the supervision of Mr. 
Chris Stewart, P.Eng., the Company's Vice President of Operations. Mr. Stewart, the 'qualified person' (for the 
purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities 
Administrators), has reviewed and approved this news release. 
 
About the Company 
 
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining 
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other 
safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and 
free cash flow with a view to maximising value for the shareholders. The Company will also look to take 
advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time, 
the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a 
property wide reserve and resource base sufficient to sustain a mine life of more than ten years. 
 
Over the last several years the Company has invested significant capital to improve the infrastructure of the 
business including upgrading the production hoist, skips, mill, underground mobile equipment and capital 
development. From initial discovery to present day there have been over 24 million ounces of gold mined from 
the Kirkland Lake gold camp while the current reserve and resource provides for potentially 10 years of mining 
with significant exploration upside. 
 
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed or accepts 
responsibility for the adequacy or accuracy of this news release. 
 
Cautionary Note Regarding Forward Looking Statements 
 
This Press Release contains statements which constitute "forward-looking statements", including statements 
regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future 
business activities and operating performance of the Company. The words "may", "would", "could", "should", 
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate 
to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward- 
looking statements are based on the opinions, assumptions and estimates of management considered reasonable at 
the date the statements are made such as, without limitation, opinion, assumptions and estimates of management 
regarding the Company's business, its ability to increase its production capacity and achieve the higher end of 
its stated production guidance as well as being able to access higher grade ore on the 5400 level in fiscal 
2016. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties 
and other known and unknown factors that could cause actual events or results to differ materially from those 
projected in the forward-looking statements. These factors include the Company's expectations in connection 
with the projects and exploration programs being met, the impact of general business and economic conditions, 
global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities 
based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian 
dollar versus the United States Dollar), possible variations in ore grade or recovery rates, changes in 
accounting policies, changes in the Company's corporate mineral reserves and resources, changes in project 
parameters as plans continue to be refined, changes in project development, construction, production and 
commissioning time frames, risks related to joint venture operations, the possibility of project cost overruns 
or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing 
to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate 
as anticipated, unexpected changes in mine life, seasonality and unanticipated weather changes, costs and 
timing of the development of new deposits, success of exploration activities, permitting time lines, government 
regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or 
claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's 
annual Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2014 and 
the Company's Management's Discussion and Analysis for the interim period ended October 31, 2014 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 statements prove incorrect, actual results may vary materially from those described herein as intended, 
planned, anticipated, believed, estimated or expected. Although the Company 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. The Company does not intend, and does not 
assume any obligation, to update these forward-looking statements except as otherwise required by applicable 
law. 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
George Ogilvie, P.Eng 
Chief Executive Officer 
[phone] 
[phone] (FAX) 
[e-mail] 
 
OR 
 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
[phone] 
[phone] (FAX) 
[e-mail] 
www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
[phone] 
 
OR 
 
Blytheweigh 
Tim Blythe/Halimah Hussain/Megan Ray Phone 
[phone] 
 
 
 
Kirkland Lake Gold Inc.