Saturday, May 31, 2025

Latest

Kirkland Lake Gold Produces 379,195 Gold Ounces For Q2 2021

Kirkland Lake Gold Ltd. (TSX: KL) announced this morning its production results for Q2 2021. The company reported total consolidated production of 379,195 gold ounces from its three sites – Fosterville, Detour Lake, and Macassa.

The quarterly production is approximately 25% higher than Q1 2021’s production of 302,847 gold ounces. The company’s gold sales for the quarter were at 364,575 gold ounces, at an average realized price of $1,814 per ounce. This is a notable increase from last quarter’s gold sales of 308,029 gold ounces.

Kirkland Lake Gold also relayed that it is on track in meeting its 2021 production guidance of 1,300,000 – 1,400,000 gold ounces. By the end of Q2 2021, the company has produced 682,042 gold ounces so far.

The company also reported a cash balance of $855 million and no debt as of the end of June 30, 2021. During the quarter, Kirkland Lake Gold paid $98 million in tax to the Australian government and returned $62 million in capital to its shareholders via dividends and share buybacks.

You may see the full details of Kirkland Lake Gold’s Q2 2021 production results here.

Kirkland Lake Gold Ltd. last traded at $49.03 on the TSX.


Information for this briefing was found via Sedar and Kirkland Lake Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Gold Lion Concludes Phase One Trenching Program At Robber Gulch

Trenching has been completed at the Gold Lion Resources (CSE: GL) Robber Gulch property near...

Thursday, November 12, 2020, 09:28:12 AM

Monarch Gold Reports 311 G/T Gold Over 0.50 Metres At McKenzie Break Project

Monarch Gold (TSX: MQR) this morning announces high-grade assays from its drill program conducted earlier...

Thursday, July 23, 2020, 09:43:59 AM

Market Movers Has The Straight Goods On Turmalina Metals Corp

Turmalina Metals Corp. (TSXV: TBX) did six million shares worth of volume this past Friday,...

Tuesday, September 1, 2020, 12:53:00 PM

Great Bear Resources Enters Exploration Agreement With Two First Nations

Great Bear Resources (TSXV: GBR) this morning announced that it has entered into exploration agreements...

Tuesday, May 26, 2020, 09:10:53 AM

Maritime Resources Hits 26.2 G/T Gold Over 4.0 Metres At Hammerdown Project, Newfoundland

Maritime Resources (TSXV: MAE) this morning reported assay results from its ongoing exploration program at...

Tuesday, November 3, 2020, 08:04:29 AM