Kirkland Lake confident Fosterville peak still ahead

Kirkland Lake Gold reported record earnings and higher returns to shareholders overnight, but CEO Tony Makuch admitted the drop in grade and reserves at Fosterville in Victoria was the “kangaroo on the table”.

Kirkland Lake CEO Tony Makuch

21 February 2020
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Cardinal heading down familiar gold road

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The big negative in Kirkland Lake's overnight announcements was a 23% drop in gold reserves and a 30% fall in grade at Fosterville to 2.1 million ounces at 21.8 grams per tonne gold, down from 2.

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