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Under the terms of the Transaction, all of the issued and outstanding common shares of Detour Gold will be exchanged at a ratio of 0. We have already taken two mining operations, Macassa and Fosterville, and transformed them into high-quality assets that generate industry-leading earnings and free cash flow. The addition of Detour Lake provides an opportunity to add a third cornerstone asset that is located in our back yard in Northern Ontario.
Detour Lake will provide the pro forma company with a plus year mine life which provides unparalleled optionality and excellent growth potential for the benefit of all shareholders. The management team at Detour Gold has done an exceptional job in making improvements and building momentum at the mine. Once the Transaction is completed, we will continue efforts to optimize current operations and commence engineering work to evaluate expansion opportunities at Detour Lake, which we anticipate could lead to significant production growth, improved unit costs and higher levels of mineral reserves and mineral resources.
The work we are planning around Detour Lake will be a key component of our corporate exploration program going forward. Other anticipated components of this program include ongoing drilling at Macassa to grow the South Mine Complex and identifying high-grade gold zones along the Amalgamated Break, as well as continued extensive exploration at Fosterville and Northern Territory.
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The 25,ha land package that makes up Agnico Eagle’s Kirkland Lake project was formerly owned by a succession of junior exploration companies. Probable mineral reserves have been estimated at Upper Beaver of 8. At the Upper Canada deposit, there are indicated mineral resources of 9. Solid drill results from the exploration program have helped to increase the mineral resources at the Upper Canada deposit, and the validation of historic data in has led to a reinterpretation of the entire Upper Canada deposit that resulted in the declaration of initial indicated mineral resources.
Environmental baseline studies continue at Upper Beaver. The Company is still investigating various opportunities and potential synergies in terms of engineering concepts for future development of the Upper Beaver and Upper Canada deposits. Recent work has resulted in the calculation of mineral resources at two other deposits. The combined indicated mineral resources at the Anoki and McBean deposits have been estimated at 1.
Kirkland Lake Gold Ltd. (KL) Q2 2020 Earnings Call Transcript
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View our mine sites. Our global operations are located in two leading and low-risk mining jurisdictions – Canada and Australia. Take a tour of our mines and.
The lawsuit seeks to recover damages for Kirkland investors under the federal securities laws. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 28, A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
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Peter Lake St. Peter Provincial Park Lake St. Select Minimum Salary. Results 1 – 10 of Ministry of the Attorney General.
Drug raids in Sturgeon Falls and Kirkland Lake uncover fentanyl
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The production profile of the company includes Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. In addition, the company owns the Holt mine and the Taylor mine. The company’s mines and material mineral projects are located in Canada and Australia.
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Cody was born in Kirkland Lake and was a defenseman to be life will held in Cody’s place of serenity, the Matachewan First Nation, at a later date. This archive page is a cache that aims to check the legality of the content.
Search warrants were carried out in Kirkland Lake and Sturgeon Falls, but police have not indicated if they are connected. Police in Sturgeon Falls arrested two people and seized suspected fentanyl, cocaine, crystal meth and Canadian cash. In Kirkland Lake, officers searched a home on Government Road East and also seized suspected fentanyl along with methamphetamine and Canadian cash. A year-old man from Kirkland Lake faces charges of drug trafficking and possessing property attained by crime.
He was released and is scheduled to appear in court locally on Oct. In that raid, three people were arrested and face drug trafficking charges. Items seized from drug bust in Sturgeon Falls Aug. Kirkland Lake Drug seizure Aug. Timmins business woman calls on city to curb crime. Bike thefts on the rise in Sudbury. Province rejects funding for new Sault arena. Sault farmer to grow produce during winter months. PC Party members in Cochrane unable to vote.
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We made your Ford the superior vehicle it is today and we want to ensure it remains that way – whether it’s taken you 10, miles or , miles. That’s why Ford of Kirkland offers Ford service and repair, so you have access to the latest specialized technology and precise analysis from Ford trained technicians who undergo regular, frequent training so they’re always up-to-date on every component of your vehicle.
By bringing your Ford vehicle to Ford of Kirkland for all your service and repair needs, from regularly scheduled appointments to major repairs, you can count on a continued driving experience unlike any other – for every single mile of your lease or ownership. Ford of Kirkland technicians are highly trained and certified to perform whatever work you may need on your vehicle including:.
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The Kirkland Lake – Larder Lake Mining District has a long history of exploration and gold mining dating back to the beginning of the 20th Century, producing
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Form 6-K filed by Kirkland Lake Gold Ltd. with the security and Date: August 19, , By, /s/ Jennifer Wagner For further information on Kirkland Lake Gold and to receive news releases by email, visit the website at.
IronRidge shows its mettle. Kirkland’s neat detour around Swan decline. Kirkland Lake sells down equity investments. Mako Gold hooks big funding. Rupert sees Ikkari’s potential growing. Junior gold producers cut debt, build cash in first quarter. Artemis all set thanks to unique approach. Dark Horse could be bolter. Galena provides a leading light. Sprott-backed Silver Mines polishing project in time for bull run. Nickel discoveries put St George on investors’ radar.