Commodities > Gold-and-silver

Kirkland sets for more growth after bumper year

Boom Canadian gold miner Kirkland Lake Gold (TSX: KL) has set itself for further production growth, and possibly more M&A, in 2018 after a 35% boost in full-year gold output to 575,523oz in 2017, at high margins, left it debt free and with a US$230 million cash pile. The company’s shares were down marginally in Toronto today but have more than doubled in price in the past year on the back of high-grade reserve and production growth at its flagship mines in Australia and Canada.

Staff reporter

Commodities > Gold-and-silver

Kirkland sets for more growth after bumper year

Boom Canadian gold miner Kirkland Lake Gold (TSX: KL) has set itself for further production growth, and possibly more M&A, in 2018 after a 35% boost in full-year gold output to 575,523oz in 2017, at high margins, left it debt free and with a US$230 million cash pile. The company’s shares were down marginally in Toronto today but have more than doubled in price in the past year on the back of high-grade reserve and production growth at its flagship mines in Australia and Canada.

Staff reporter

Kirkland sets for more growth after bumper year

Fosterville gold plant in Victoria, Australia

Kirkland CEO Tony Makuch said the company remained focused on "generating shareholder returns through continued operational effectiveness, strong financial performance and disciplined investment for future growth" while maintaining quarterly dividend payments (now C2c/share) and opportunistically repurchasing its own shares.