Kirkland Lake Gold Ltd. T.KGI

Primary Symbol: T.KL

Metals & Mining Gold

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.

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Kirkland Lake Gold Ltd. > Fuel

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Comment by westcoast2019on Apr 20, 2020 1:50pm

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Post# 30930652

RE:RE:RE:RE:RE:Fuel

MadDogVachon wrote:

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

KL should be filling every fuel tank on all their properties to the brim and buying futures contracts for delivery of fuel going out 3 , 6 and 9 months to lock in low prices .
The shovels are electric. The original trucks appear to be bi energy. They have since updated the units.

Toromont CAT, a division of Toromont Industries Ltd., was selected to supply the production fleet of mining trucks and support equipment in September 2010. An initial fleet of 18 CAT 795F AC 320-tonne mining trucks were purchased. In November, the company ordered two RH340 Bucyrus shovels from Toromont.

The Detour Lake Mine will be the first in the world to use these new-sized CAT trucks, said Beaudoin. The truck features a diesel-electric AC drive, which is purported to extend the life of the truck under proper care and maintenance. This large-scale truck boasts 63-inch rims on its wheels and was chosen because of the size of the operation.

Mo