Kirkland Lake Gold sees operating loss of $3.4 million

First quarter results for Kirkland Lake Gold Inc. have indicated an operating loss of nearly $3.4 million in the three months ending July 31, 2008.

This compares with an income of $36,237 in the same quarter in the previous year, and with an income of $905,772 in the previous quarter.

At $8 million, the company's gold revenues were down 29 per cent from the same quarter the previous year, which hit $11.3 million.

Gold production saw a similar drop, with the 9,193 ounces marking a 30 per cent decrease from Q1 2008's 13,204 ounces. This is being attributed to various disruptions to the mine's production schedule, including seismic activity, repairs to the hoist, scheduled work on power lines supplying electricity to the property, and difficulties associated with pastefill.