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KGI Kirkland Lake

217.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kirkland Lake LSE:KGI London Ordinary Share CA49740P1062 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 217.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kirkland Lake Gold Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim

26/05/2015 7:00am

UK Regulatory



 
TIDMKGI 
 
Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
May 26, 2015 
 
Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim 
 
TORONTO, ONTARIO--(Marketwired - May 26, 2015) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ("Kirkland Lake 
Gold" or the "Company"), an operating and exploration gold mining company, announces the exercise of its right 
to buy-out a 0.5% net smelter return ("NSR") royalty (the "Royalty"), for $250,000, on the HM claim. 
 
The Royalty is part of a larger 1% NSR royalty which was held by two private parties (of which 0.5% was 
purchased in April for $250,000, see press release dated April 8, 2015). The HM claim was part of the Queenston 
Mining Joint Venture, located approximately 2,000 feet (610 metres) southeast of the #2 shaft at the Macassa 
Mine Complex. 
 
Mr. George Ogilvie, President & Chief Executive Officer commented, "We are pleased to be able to purchase this 
second 0.5% NSR royalty on the HM Claim. It is our belief that these royalty purchases are prudent at this time 
and that going forward, significant additional value has been created for our shareholders." 
 
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 14 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. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Kirkland Lake Gold Inc. 
George Ogilvie, P.Eng 
Chief Executive Officer 
+1 709 532 5716 
+1 705 568 6444 (FAX) 
gogilvie@klgold.com 
 
OR 
 
Kirkland Lake Gold Inc. 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
+1 647-284-5315 
+1 705 568 6444 (FAX) 
sramcharan@klgold.com 
www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
+44 (0) 20 7886 2500 
 
OR 
 
Blytheweigh 
Tim Blythe/Halimah Hussain/Megan Ray 
+44 (0) 20 7138 3204 
 
 
Kirkland Lake Gold Inc. 
 

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