Going for goldwith quality assets

Macassa Mine,
Ontario, Canada

Where We Operate

KIRKLAND LAKE GOLD OWNS AND OPERATES 5 UNDERGROUND GOLD MINES, 1 OPEN PIT GOLD MINE AND 4 MILLING FACILITIES ACROSS TWO PROLIFIC MINING JURISDICTIONS: CANADA AND AUSTRALIA.

Kirkland Lake Gold

Our Mines

2020 Consolidated Outlook
for Kirkland Lake Gold

Guidance Withdrawn

Based on the move to reduced operations due to the COVID-19 pandemic, the Company withdrew its full-year 2020 guidance on April 1, 2020; Revised guidance to be issued as Detour Lake and Macassa make progress towards returning to more predictable levels of production; Holt Complex guidance discontinued; Company also withdraws three-year production guidance to assess long-term effects of COVID-19 and potential impact of pandemic on production profile of Fosterville, Macassa and Holt Complex and while it works to incorporate Detour Lake into the Company’s long-term business plans.

1,470-1,540
Gold Production
(KOZS) 1Production and unit-cost guidance for 2019 does not include results for the Northern Territory.
$450-$470
Operating costs per
ounce of gold sold 2See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ending September 30,2 018 for further details. The most comparable IFRS Measure for operating cash costs is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs per ounce and AISC per ounce sold are comparable to production costs on a unit basis. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39.
$820-$840
Aisc per ounce of
gold sold 2See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ending September 30,2 018 for further details. The most comparable IFRS Measure for operating cash costs is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs per ounce and AISC per ounce sold are comparable to production costs on a unit basis. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39.
Growth Capital
Kirkland Gold
$700-$720M
Total Operating Costs 2See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ending September 30,2 018 for further details. The most comparable IFRS Measure for operating cash costs is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs per ounce and AISC per ounce sold are comparable to production costs on a unit basis. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39.
$420-$430M
Sustaining capital 2See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ending September 30,2 018 for further details. The most comparable IFRS Measure for operating cash costs is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs per ounce and AISC per ounce sold are comparable to production costs on a unit basis. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39.
$70-$80M
Growth capital 2See “Non-IFRS Measures” set out starting on page 35 of the MD&A for the three and nine months ending September 30,2 018 for further details. The most comparable IFRS Measure for operating cash costs is production costs, as presented in the Consolidated Statements of Operations and Comprehensive Income, and total additions and construction in progress for sustaining and growth capital. Operating cash costs per ounce and AISC per ounce sold are comparable to production costs on a unit basis. Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold reflect an average US$ to C$ exchange rate of 1.33 and a US$ to A$ exchange rate of 1.39. 3Includes general and administrative costs and severance payments. Excludes non-cash share-based payment expense.
US$150-$170M
Exploration and
Evaluation (US$)
US$85-$90M
Royalty cost
(US$)
US$50-$55M
Corporate general &
administrative 3Includes general and administrative costs and severance payments. Excludes non-cash share-based payment expense.