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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

Post by bossuon Oct 14, 2020 10:47am
363 Views
Post# 31713671

About Detour

About Detour Some notes on this operation:
In a matter of months  we will see a production increase at this location.
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  • Year-end ore stockpile of 4.5 million tonnes grading 0.60 gram per tonne 
  • reserves are specify at about 1,0gr/ton
  • production in 2018 was an average of 56 594 t/d an a grade  of1,09 gr/ton
  • production in 2019 was an average  60 370 t/d and the average grade was 0,92 gr/ton
  • production in the Q3 2020 was an average of 64108 t/d and the average grade was 0,81 gr/ton
  • The throughtput in the Q3 was the best ever

In the near futur reserves at 0,60 gr/t are going to be processed and most probably grade/ton will be at the 2018 / 2019 level and at a minimum grade of 0,90 gr/ton

Should that be the case production per quarter will be 152 000 oz/quarter and an annual production of 608 000 oz/year.

I have not been looking at the news release but remember that in the last (?) CC a possible increase throughput at 80 000 t/day was mentionned.
So if this is the case, Detour could see it's production increase 25 % for a total of 760 000 oz

The drilling actually in progress could see an important increase in reserves .

Most probably this is what Tony has in mind and he may give some ''clues''on this operation pretty soon.
 
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