Kirkland Lake Gold Announced Record Consolidated Production

SEATTLE (Scrap Monster): Kirkland Lake Gold Ltd. announced record quarterly and full-year production for Q4 2021 and FY 2021.

The consolidated production of 380,472 ounces in the fourth quarter of the previous year marked 3% increase from 369,434 ounces in Q4 2020 and 370,101 ounces in Q3 2021. The FY21 production hit new record of 1,432,616 ounces, higher by 5% from the production of 1,369,652 ounces in FY 2020.

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The company poured 369,434 ounces of gold in Q4 2021, compared to 373,095 ounces in Q4 2020 and 370,487 ounces in Q3 2021. The gold poured in FY 2021 totalled 1,432,602 ounces, 5% higher than 1,364,412 ounces in FY 2020. Meantime, the gold sales totalled 385,850 ounces in Q4 2021 at an average realized price of $1,795 per ounce. Also, the FY 2021 gold sales totalled 1,430,554 ounces at an average realized price of $1,797 per ounce, the company press release said.

Kirkland Lake Gold posted record quarterly and full-year production at Detour Lake, significant production outperformance at Fosterville and strong production at Macasa.

The company stated that it experiences reduced workforce levels and some disruption to operations at all three of its operating mines, with the surge in Covid-19 cases in both Canada and Australia.