OTCPK:HCGI - Post by User
Comment by
R_J_on Mar 29, 2017 11:31am
175 Views
Post# 26046371
RE:About reserves..
RE:About reserves..15 page Press Release, Tuesday, March 28
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Kirkland Lake Gold Increases Mineral Reserves at
Flagship Macassa Mine by 37% and
Fosterville Mine by 66% -
https://www.klgold.com/news-and-media/news-releases/press-release-details/2017/Kirkland-Lake-Gold-Increases-Mineral-Reserves-at-Flagship-Macassa-Mine-by-37-and-Fosterville-Mine-by-66/default.aspx -
Louis James Comments Quote:
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This is great news from Kirkland.
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Whenever you end up with more gold after a year of mining (or two years, in case of the Canadian assets here), it’s a very good thing.
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Doing that and raising the average grade of your reserves is even better.
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We note that the Canadian assets saw their resource base contract by 7.2%, but much of that is due to conversion of resources to reserves at the Macassa mine.
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We’re glad to see the new company firing on all cylinders, adding value for shareholders as it goes. -
End Quote.
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RJ