https://www.miningweekly.com
Gold
Gold
gold

Kirkland Lake outperforms Q1 guidance

9th April 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Gold miner Kirkland Lake on Friday announced its first-quarter results, exceeding its guidance on the back of higher-than-expected production at the Forsterville mine, in Australia, and the Detour Lake mine, in Canada.

The company, which trades on the TSX, NYSE and ASX, produced 302 847 oz, compared with a guidance of 270 000 oz to 290 000 oz.

The strong results, compared with the guidance, were largely the result of Fosterville benefiting from significant grade outperformance and Detour Lake achieving higher-than-planned grades and tonnes processed.

The first-quarter result was lower than the 330 864 oz reported in the first quarter of 2020.

CEO Tony Makuch said that the March quarter would be the lowest quarter of the year, with all three of the group’s cornerstone assets being in low-grade cycles during the period.

“As we emerge from the first quarter, we are on track to achieve our full-year 2021 production guidance and are poised to have three strong quarters over the balance of the year, with previously-disclosed guidance of 330 000 oz to 360 000 oz in the second quarter of 2021 and 700 000 oz to 750 000 oz expected during the second half of 2021.”

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 2 hours 32 minutes ago By: Martin Creamer

Latest News

The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.189 0.233s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: