TORONTO , Nov. 27, 2017 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”) (TSX:KL) (NYSE:KL) is pleased to announce that the Company has received approval from the Australian Securities Exchange (the “ASX”) for a secondary listing of the Company as a Foreign Exempt Listing and the quotation of its common shares as Chess Depositary Instruments (“CDIs”) on the ASX.
Trading of the Company’s CDIs on the ASX will commence on a normal settlement basis on November 30, 2017 under the symbol “KLA”.
Tony Makuch , President and CEO, Kirkland Lake Gold , commented: “We are excited to be listing on the ASX on the one year anniversary of our transformational transaction with Newmarket Gold Inc. , which resulted in the acquisition of our Australian assets. Since that transaction, our Fosterville Mine in Victoria has emerged as one of the world’s great high-grade, low-cost gold producers, with production on track to reach 250,000 – 260,000 ounces in 2017 and all-in sustaining costs currently averaging around $500 per ounce. The ASX listing reflects our company’s long-term commitment to Australia as one of our two core markets and provides existing and potential shareholders based in the country, including our 470 employees, with access to an Australian-based trading platform.”