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Bullboard - Stock Discussion Forum Kirkland Lake Gold Ltd. 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... see more

TSX:KL - Post Discussion

Kirkland Lake Gold Ltd. > Kirkland Lake’s Macassa mine....
View:
Post by bossu on Jun 21, 2021 9:28am

Kirkland Lake’s Macassa mine....

The company reported an average processed grade of 19.8 g/t gold for Macassa in Q1 2021, which was virtually unchanged compared to the corresponding period of 2020.
Macassa production numbers:

2018 Q1 962 t/d
        Q2 986 t/d
        Q3 1005 t/d
        Q4  940 t/d
2019 Q1  865 t/d
        Q2  799 t/d
        Q3  932 t/d
        Q4  930 t/d
2020 Q1  903 t/d
        Q2  850 t/d
        Q3  853 t/d
        Q4  808 t/d
2021 Q1  762 t/d

The design capacity of the operation:
Name plate 2000 t /day
Just to show that when the new no 4 shaft to be in operation and the grade they have mill for the past :
 In 2018 av grade was 21.6 gr/t
      2019 ....................23.7 gr/t
      2020.....................18.7 gr/t
      2021 Q1................19.8 gr/t
Average           3 years 21,3 gr/t
or better then 19.8 gr/t from Kitko
or a production in 2023 of a potential
of as much as 447 000 ounces per year.
Should the ore reserves at Macassa to be higher production at 2000 t /day could also be increase with the new shaft capacity.
Couple with Production increase at Detour 800 000 ounces  and Fosterville at 500 000 ouces for a total of 1 747 000 ounces per year.
So looking at Kirland on a longer term,
no doubt in my mind that this is the greatest  mine in the world with the lowest  AISC .
Comment by Zoolou1 on Jun 21, 2021 1:33pm
Excellent post.Thanks for the info.
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