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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

Bullboard Posts
Post by Flintstone60on Apr 30, 2015 4:00am
252 Views
Post# 23679343

KIRKLAND LAKE GOLD ANNOUNCES DIRECTOR DEALINGS

KIRKLAND LAKE GOLD ANNOUNCES DIRECTOR DEALINGS
 Toronto, Ontario (April 30, 2015) - Kirkland Lake Gold Inc. (the "Company"), an operating and exploration gold mining company, reports that the Company was informed on April 22, 2015, that on that date, Ms. Pamela Klessig, a non-executive director of the Company, exercised 67,500 stock options to acquire ordinary shares in the Company at an exercise price of C$2.99. Ms. Klessig disposed of 62,500 ordinary shares and now has an interest in the Company of 5,000 ordinary shares representing approximately 0.004% of issued share capital. The Company further reports that it was informed on April 28, 2015, that on that date, Mr. Barry Cooper purchased 5,000 ordinary shares at an average price of $5.95. Mr. Cooper now has an interest in the Company of 5,000 ordinary shares representing approximately 0.004% of issued share capital. About the Company Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and free cash flow with a view to maximising value for the shareholders. The Company will also look to take advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time, the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a property wide reserve and resource base sufficient to sustain a mine life of more than ten years. Over the last several years the Company has invested significant capital to improve the infrastructure of the business including upgrading the production hoist, skips, mill, underground mobile equipment and capital development. From initial discovery to present day there have been over 24 million ounces of gold mined from the Kirkland Lake gold camp while the current reserve and resource provides for potentially 14 years of mining with significant exploration upside. 
 
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