Record production at Fosterville prompts Kirkland Lake to up 2017 guidance

Based on strong operating and financial results for the first half of 2017, dual-listed gold producer Kirkland Lake has revised its production guidance for the year to between 570 000 oz and 590 000 oz, up from between 530 000 oz and 570 000 oz previously. This follows record results at the miner’s Australia-based Fosterville mine, in Victoria state, during the first half of the year, when mill grades exceeded expected levels by a significant margin. For the full-year, production at Fosterville is now expected to total 250 000 oz to 260 000 oz, compared with the previous guidance of 200 000 oz to 225 000 oz.