(The Canadian Press) KIRKLAND LAKE, Ont. - Ontario miner Kirkland Lake Gold Inc. (TSX: T.KGI, Stock Forum) reports a net loss before income taxes of $5.7 million or $0.08 per share for the third quarter ending January 21, 2013.
This compares to net loss before taxes of $0.8 million or $0.01 per share in the second quarter and a net income before taxes of $13.6 million or $0.20 per share in the third quarter last year, the company said in a press release.
Kirkland says Q3 production was 21,601 ounces, three per cent lower than the previous quarter (22,349 ounces) and 15 per cent lower than the third quarter of last year (25,295 ounces).
Down 4% to $5.52 on Monday, Kirkland Lake Gold has a market cap of $387.2 million, based on 70.1 million shares outstanding. The 52-week range is $15.82 and $5.11.