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KGI Kirkland Lake

217.50
0.00 (0.00%)
17 May 2024 - Closed
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 a 0.5% NSR Royalty on the HM Claim within the Company's Land Package

08/04/2015 7:00am

UK Regulatory



 
TIDMKGI 
 
Kirkland Lake Gold Purchases a 0.5% NSR Royalty on the HM Claim within the Company's Land Package 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
April 8, 2015 
 
Kirkland Lake Gold Purchases a 0.5% NSR Royalty on the HM Claim within the Company's Land Package 
 
TORONTO, ONTARIO--(Marketwired - April 8, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the 
"Company") (TSX:KGI)(AIM:KGI), 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 1% NSR royalty on the HM claim, which was part of the Queenston Mining Joint Venture, and 
is 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 
royalty. This is another step in the right direction for the Company to protect future exploration discoveries 
on our property in the Kirkland Lake camp and to secure future value 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. 
 
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, including but not limited to; future exploration discoveries on the Company's 
land position. 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 January 31, 2015, 
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: 
 
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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