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A record month for K-L Gold

Kirkland Lake Gold announced a record monthly production of 16,485 ounces of gold for February. The company said 32,862 tons milled at a head grade of 0.52 ounces per ton ("opt") or 17.8 grams per tonne ("g/t") and a recovery rate of 96.8 per cent.

Kirkland Lake Gold announced a record monthly production of 16,485 ounces of gold for February.

The company said 32,862 tons milled at a head grade of 0.52 ounces per ton ("opt") or 17.8 grams per tonne ("g/t") and a recovery rate of 96.8 per cent.

Company president-CEO George Ogilvie said it was an “exceptional month” considering February was only 28 days. But he’s encouraged about the property’s potential as more stopes come online in the South Mine Complex at the 5400 level – where they are currently mining – and at the 5600 level, which they plan to access during their 2016 fiscal year.

“Our recently revised forecast upward to 153,000 to 157,000 ounces of annual production remains intact."

He commended his operations teams and all employees for their efforts.

"We have made a lot of changes over the past 14 months, and our team has met the challenges posed to them head on.

"It's my belief and that of the board of directors, that the Kirkland Lake camp can be used as a core asset to build the next great Canadian gold mining company."