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Kirkland Lake Gold shakes it up

Managerial shuffle at northeastern Ontario miner
K-L Gold 1

Kirkland Lake Gold has made some managerial roster changes.

Chief Operating Officer Darren Hall has departed, effective immediately, though he will remain in a “transitional support” role until June 30.

Also out is Ryan King, vice-president of investor relations. Darin Smith, the company’s director of corporate development, is handling his duties on an interim basis. Smith, an expert in analytical mining finance, will be based out of the Toronto corporate office.

"On behalf of the company, I would like to thank Darren Hall for his contributions and leadership following the business combination and integration of Newmarket Gold,” said president-CEO Tony Makuch In a statement.

“I would also like to thank Ryan King for his contributions to our investor relations program and commitment to our shareholders through the integration of Newmarket Gold. We wish them both continued success in their future endeavors. Further, I welcome Darin Smith to the management team at Kirkland Lake Gold. Darin's experience and skillset will be central in evaluating potential accretive opportunities to maximize the most efficient use of the company's resources."

The company reports it’s making progress at its Fosterville Mine in Australia. Ore grades continue to exceed model expectations in some locations within the mine, which is projected to produce between 70,000 and 80,000 ounces of gold during this year’s second quarter. The mine is on track to deliver on its annual production guidance of 200,000 to 225,000 ounces of gold for 2017.