Update on Stocks To Watch: Kirkland Lake -1.5% As Details Q2 2018 Operating Results, Loses CFO

Kirkland Lake Gold Inc.

KGI is an operating and exploration gold Company in Kirkland Lake, Ontario which is located in the Lower Abitibi Greenstone belt in northeastern Ontario.

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Update on Stocks To Watch: Kirkland Lake -1.5% As Details Q2 2018 Operating Results, Loses CFO

posted on Jul 10, 2018 10:41AM

2018-07-10 09:46:01 AM ET (MT Newswires)

09:46 AM EDT, 07/10/2018 (MT Newswires) -- Kirkland Lake Gold Ltd. (KL.TO, KL) was at last look down near 1.5% early Tuesday on the TSX after it announced production for the second quarter of 2018 of 164,685 ounces and for the first six months of 2018 of 312,329 ounces. It said production in Q2 2018 exceeded target levels for the quarter driven by record quarterly production from Macassa of 60,571 ounces and record monthly production in June at Fosterville of 31,710 ounces (77,462 ounces for Q2 2018). At June 30, 2018, KL said it "remained well positioned" to achieve its full-year 2018 consolidated production guidance of over 620,000 ounces.

In other news, Kirkland Lake said Executive Vice President and Chief Financial Officer Phil Yee will leave after Q2 financial results are released on Aug. 1 to assume another senior executive role within the mining industry. The company has started a search for a new CFO.

Price: 29.20, Change: -0.13, Percent Change: -0.44

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