Kirkland Lake Gold reports gold production record amid looming merger

Photo: Kirkland Lake Gold

Canadian gold miner Kirkland Lake Gold Ltd has reported a record quarterly gold production of 380,470 oz ahead of its forthcoming merger with Agnico Eagle Mines.


The miner said in a statement it also posted record production for 2021, reaching a total of 1.4 million oz of gold. Kirkland’s updated guidance from last November called for between 1.35 million and 1.4 million oz of gold in 2021.


“The positive results were driven by record production at Kirkland’s Lake’s Detour Lake gold mine in Ontario and strong performance at its Fosterville mine in Australia. Detour Lake churned out nearly 211,000 oz. gold (up 38% from the last quarter of 2020) as mining hit some of the highest-grade areas in the mine plan and production ben-efited from mill enhancements completed during the year,” according to the Canadian business.