Kirkland Lake Gold provided an update of progress at its Fosterville Mine and recent management changes. At the Fosterville Mine in Victoria, Australia, ore grades continue to significantly exceed model expectations in some locations within Lower Phoenix where key structures are in close spatial association.
In-spite of the planned mill downtime in May, the Fosterville Mine is projected to produce between 70,000 and 80,000 ounces of gold during Q2 2017. The mine is well-positioned to deliver the recently increased annual production guidance of 200,000 - 225,000 ounces of gold for 2017.
The Company announces the departure of Darren Hall, Chief Operating Officer, from its management team effective, although Darren will continue to provide transitional support until June 30, 2017. There is a strong operations management group at the Australian and Canadian Operations, and the Company expects this to be a smooth transition to a more country focused management.
In addition, the Company announces the resignation of Ryan King, Vice President of Investor Relations from its management team, effective today. During the interim, all Investor Relations inquires can be directed to Darin Smith, Director of Corporate Development.