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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.


TSX:KL - Post by User

Kirkland Lake Gold Ltd.
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Post by SmokinWillieon Feb 21, 2019 7:48pm
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Post# 29397225

FANTASTIC NUMBERS - SORRY pi

FANTASTIC NUMBERS - SORRY pi

KIRKLAND LAKE GOLD REPORTS RECORD EARNINGS AND CASH FLOW IN Q4 AND FULL-YEAR 2018

TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating results for the fourth quarter (“Q4 2018”) and full-year (“2018”) 2018. For both periods, the Company achieved record levels of earnings and cash flows, driven by strong production growth and its best ever quarterly and annual unit-cost performance.  The Company’s full consolidated financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.klgold.com. All dollar amounts are in U.S. dollars, unless otherwise noted.
 

Key highlights of Q4 2018 results include:

  • Strong earnings growth: Net earnings of $106.5 million ($0.51 per basic share) increased 160% from Q4 2017 and 91% from third quarter 2018 (“Q3 2018”); adjusted net earnings1 of $109.6 million ($0.52/share), 73% growth from Q4 2017 and 79% increase from Q3 2018
     
  • Operating cash flow more than doubles: Net cash provided by operating activities3 of $204.1 million, 113% growth from Q4 2017 and 59% higher than $128.4 million in Q3 2018
     
  • Free cash flow1 increases 69%: Free cash flow of $86.4 million, 69% increase from Q4 2017 and 66% higher than previous quarter
     
  • Revenue growth driven by record gold sales: Revenue of $280.3 million, 32% increase from Q4 2017 and 26% higher than Q3 2018; record gold sales of 225,692 ounces, 36% higher than Q4 2017 and 22% increase from previous quarter
     
  • Significant growth in EBITDA1,2,3: EBITDA of $187.8 million, 97% higher than Q4 2017 and 57% increase from Q3 2018

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