Toronto, Ontario – September 11, 2019 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company” (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment of US$0.04 per common share will be paid on October 11, 2019 to shareholders of record as of the close of business on September 30, 2019. The payment represents the 10th quarterly dividend payment made to shareholders following the Company’s adoption of a dividend policy in March 2017. The Company’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. For Canadian shareholders the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on September 27, 2019, the date prior to the payment date.
In addition, Kirkland Lake Gold today confirmed that the Company is being added to the S&P/TSX 60 Index effective prior to the open of trading on Monday, September 23, 2019. The addition to the S&P/TSX 60, which was announced by S&P Dow Jones Indices on September 6, 2019, is an important milestone for the Company, one that reflects its continued progress in building shareholder value through strong operating and financial performance.
About Kirkland Lake Gold Ltd. Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 723,701 ounces in 2018 and is on track to achieve significant production growth over the next three years, including target production of 950,000 – 1,000,000 ounces in 2019, 930,000 – 1,010,000 ounces in 2020 and 995,000 – 1,055,000 ounces in 2021. The production profile of the Company is anchored by two high-grade, low-cost operations, including the Macassa Mine located in Northern Ontario and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Today’s results continue to highlight the significant potential we have to grow Mineral Resources at Macassa to the east and west of the SMC, as well as in the Lower SMC. Very importantly, today’s results also include new high-grade intersections along the Amalgamated Break, in two key target areas we identified earlier this year. The results support our view that the Amalgamated Break offers substantial exploration potential and represents a whole new chapter for exploration in the area, given that it extends parallel to the Main and “04” Breaks through the Kirkland Lake gold camp. We will follow up on today’sresults over the balance of this year and look to expand our exploration efforts along the Amalgamated Break going forward.”
(TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment of US$0.04 per common share will be paid on October 11, 2019 to shareholders of record as of the close of business on September 30, 2019. The payment represents the 10th quarterly dividend payment made to shareholders following the Company’s adoption of a dividend policy in March 2017. The Company’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. For Canadian shareholders the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on September 27, 2019, the date prior to the payment date.
