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.