Finance > Profit-loss

Record output and doubling of profits for Kirkland Lake

Kirkland Lake Gold (CN:KL) achieved record production in 2017, more than doubled its profit and increased its reserves at Fosterville in Victoria, Australia, by over 100%.

Finance > Profit-loss

Record output and doubling of profits for Kirkland Lake

Kirkland Lake Gold (CN:KL) achieved record production in 2017, more than doubled its profit and increased its reserves at Fosterville in Victoria, Australia, by over 100%.

Record output and doubling of profits for Kirkland Lake

Reserves at Kirkland Lake's Fosterville project in Victoria more than doubled in 2017

The company posted full-year net earnings of US$132.4 million, up from $42.1 million, and adjusted net earnings from continuing operations of $149.1 million, up 120%.