Miner raises revenues amid plans to boost gold production

Photo: Kirkland

Kirkland Lage Gold Ltd has announced it reported record earnings per share in the third quarter of 2019, with net earnings of US$176.6 million, more than triple of its result for the July-September 2018 period.




The miner said it continued "strong operating results" in the third quarter of this year with a production "of 248,400 ounces, 38% increase from 180,155 ounces in Q3 2018 and 16% higher than 214,593 ounces the previous quarter".




Kirkland Lake Gold says it expects to produce between 950,000 and 1 million oz in 2019 from its mines located in Canada and Australia.