Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.
  • Page:
  • 1

Kirkland Lake Gold (KGI)     

chessplayer - 17 Dec 2008 09:18

This gold mining company has ambitious plans to raise gold production from 8,000 + ounces currently to over 100,000 ounces (see news item).
Any views?


oFOR: KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL: KGI

December 17, 2008

Kirkland Lake Gold Inc.: Update on South Mine Complex Development

KIRKLAND LAKE, ONTARIO--(Marketwire - Dec. 17, 2008) - Kirkland Lake Gold Inc. ("Kirkland Lake" or the
"Company") (TSX:KGI)(AIM:KGI) announces today that, after a review of the proposed development plan, the
Company has decided to carry out the development of the South Mine Complex Project (SMC or the "Project") at
its mine in Kirkland Lake, Ontario, with its own Company employed workforce rather than using external
resources as previously announced on 29th October 2008.

Brian Hinchcliffe, CEO, explained, "Increasing production levels, particularly from the high grade SMC remains
a priority for us. When we first committed to this Project, skilled underground labour was in high demand, and
we planned to utilise outside mining contractors to provide a workforce in that environment. Today, skilled
underground labour has become much more available, and a lower cost development program can be carried out by
expanding our own workforce. This project will be led by our own core group of staff and workers who already
have a strong base of knowledge and experience with the Mine and the Project."

The Project is expected to result in an increase of gold production to more than 100,000 ounces per year and
this production rate is anticipated to be achieved by March, 2009. The Project will not be complete until July,
2010. Further news regarding this development will be announced in January upon completion of the detailed mine
plan.

Cautionary Note Regarding Forward Looking Statements

This Press Release may contain statements which constitute 'forward-looking statements', including statements
regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its
officers with respect to the future business activities and operating performance of the Company. The words
"may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar
expressions, as they relate to the Company, or its management, are intended to identify such forward-looking
statements. Investors are cautioned that any such forward-looking statements are not guarantees of future
business activities or performance and involve risks and uncertainties, and that the Company's future business
activities may differ materially from those in the forward-looking statements as a result of various factors.
Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities
regulatory authorities, including the Company's Annual Information Form and quarterly and annual Management's
Discussion & Analysis, which may be viewed on SEDAR at
www.sedar.com
. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect,
actual results may vary materially from those described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company has attempted to identify important risks, uncertainties and
factors which could cause actual results to differ materially, there may be others that cause results not be as
anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update
these forward-looking statements.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
(705) 567-5208
(705) 568-6444 (FAX)
Email:
bhinchcliffe@klgold.com


js8106455 - 24 Jun 2014 14:30 - 3 of 8

LISTEN: Kirkland Lake Gold

Announces fiscal 2015 operations update, mine plan, and three-year production guidance

click here

js8106455 - 10 Jul 2014 13:27 - 4 of 8

Listen: Kirkland Lake Gold (KGI) - Final results

Click here

js8106455 - 25 Sep 2014 15:14 - 5 of 8

Company update from George Ogilvie, President and CEO of Kirkland Lake Gold.

http://www.brrmedia.co.uk/event/127399/

js8106455 - 24 Feb 2015 16:52 - 6 of 8

Kirkland Lake Gold - Intersects '04 Break mineralization; highest elevation to date

Click hre

js8106455 - 11 Mar 2015 15:57 - 7 of 8

Missed the LIVE Kirkland Lake Gold Q3 Earnings Call???

Listen to the on-demand webcast here

click here

js8106455 - 18 Mar 2015 13:19 - 8 of 8

Listen: Kirkland Lake Gold - Announces record production of 16,485 ounces of gold in February

click here
  • Page:
  • 1
Register now or login to post to this thread.