Canadian Mining Journal


Kirkland Lake sets 1.3-1.4 M oz production target for 2021

Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) has set its full-year production guidance at between 1.3 and 1.4 million oz. for 2021, driven by strong growth at its Detour Lake mine in Ontario.

This is nearly identical to the company’s 2020 production target of 1.35-1.4 million oz., though next year’s guidance will not include the Holt Complex, which is now on care and maintenance.

All-in sustaining costs (AISC) per ounce of gold sold are expected remain unchanged from the 2020 levels at between $790-$810 per oz.

Leading up to 2023, Kirkland Lake is hoping to grow its annual production to between 1.4 and 1.54 million oz. The gold miner said it will continue to work towards achieving a number of significant, and potentially transformational, milestones, including completing the current $50-million drilling program at Detour Lake and releasing a new mine plan in 2022.

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