Kirkland Lake Gold anticipates increasing production over the second half of the fiscal year, following the announcement of its second-quarter 2014 fiscal results.
During the second
quarter, 105,670 tons were produced at a head grade of 0.35 ounces per ton and
a recovery rate of 95.17 per cent to produce 34,935 ounces of gold. Daily ore
tonnage for the quarter increased to 1,150 tons per day. Year to date, 203,458
tons were produced at a head grade of 0.34 opt and a recovery rate of 95.11 per
cent recovery to produce 65,113 ounces of gold.
"This year's production schedule was designed to increase ore tonnage
quarterly, and production growth will accelerate over the second half of the
fiscal year,” chair Harry Dobson said in a news release. “With production to
date of 65,113 ounces, full year production results will likely come in toward
the lower end of our guidance range of 150,000 to 180,000 ounces."
A few days after releasing the results, the company announced changes to its executive management.
Mark Tessier resigned as COO, while Brian Hinchcliffe accepted a new position as deputy chairman, and George Ogilvie was appointed as CEO.
