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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Comment by bossuon Apr 20, 2020 11:43am
157 Views
Post# 30929938

RE:RE:RE:RE:Fuel

RE:RE:RE:RE:Fuel
bossu wrote: Fuel needed at Detour is a big factor:
Trucking to bring ore to the crusher;
-34 X  795F Caterpillar 300 tons Capacity 3400 HP
-5 hydraulic shovels
Not long ago fuel cost was estimated at $ 25/oz
may be now at a cost of $ 35 /oz
 At Macassa they are using electric equipment at the bottom to the shaft so fuel is not a big issue
AISC for the Q1 2020 will be an interesting ''information''and I woud not be surprise to see an average of $ 790 /oz 

======================================The average AISC could be lower based on 
Detour AISC guidance at $ 1100 /oz
and KL before the acquisition and the AISC in 2019 was $ 564 /oz

To summarize:

Based on the Q1 2020 KL has produced 330 000 oz

Production at Detour 91 000 x $ 1100 /oz=100 M 
Production former KL 239 000x $ 564/oz=135 M
Total..............................AISC...................$ 235 M

On a per ounce basis.......................330 000 Oz
 the average AISC could be as low as $ 712 /oz
after the Detour acquisition and 600 000
more ounces to what it was budgeted before.

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