Production of 139,091 ounces in Q3 2017 and 429,822 ounces in YTD 2017, representing increases of 80% and 107% from comparable 2016 levels
Mineral reserves more than doubled at Fosterville to 1,030,000 ounces with 83% increase in average reserve grade to 17.9 grams per tonne
Improved full-year 2017 guidance with Company now targeting full-year 2017 consolidated production of 580,000 - 595,000 ounces, as well as operating cash cost(1) and all-in sustaining cost(1) ("AISC") per ounce sold of $475 - $500 and $800 - $825, respectively
Fosterville achieves record monthly production in October of over 30,000 ounces
Investment in Novo Resources Corp. ("Novo") of $61.0 (C$74.9) million to acquire 25.8 million common shares and 14.0 million common share purchase warrants, $99.5 million of non-cash, pre-tax gains reported on Novo commons shares and warrants in Q3 2017
4.8 million common shares repurchased for $51.9 (C$65.8) million through NCIB(2) as of November 1, 2017
Quarterly dividend increased to C$0.02/share from C$0.01/share.
Financial highlights of Q3 2017 results are provided below ("M" refers to $ millions):
Net earnings of $43.8M ($0.21/basic share) in Q3 2017 versus $18.9M ($0.16/share) in Q3 2016 and $34.6M ($0.17/share) in Q2 2017,
Adjusted net earnings(1) of $30.0M ($0.14/share) compared to $21.2M ($0.18/share) in Q3 2016 and $35.6M ($0.17/share) in Q2 2017
Q3 2017 adjusted net earnings exclude $19.2M non-cash gain on fair valuing Novo warrants
EBITDA(1) of 98.1M in Q3 2017 compared to $45.3M in Q3 2016 and $91.3 in Q2 2017
Revenue totaling 176.7M in Q3 2017 based on gold sales of 137,907 ounces compared to $100.8M on sales of 76,339 ounces in Q3 2016 and $189.9M on sales of 151,208 ounces in Q2 2017
Operating cash costs and AISC per ounce sold of $482 and $845 in Q3 2017 versus $540 and $970 in Q3 2016 and $482 and $729 in Q2 2017
Exploration expense of $16.9M in Q3 2017, up from $4.7M in Q3 2016 and $11.6M in Q2 2017
Free cash flow(1) totaling $31.5M in Q3 2017, bringing total free cash flow in 2017 to $113.5M, operating cash flow of $66.8M in Q3 2017 and $206.5M year to date
Cash and cash equivalents of $210.5M at September 30, 2017.
Am Donnerstag war es wieder soweit, die Aktie von Kirkland Lake Gold hat ein neues 52 Wochen-Hoch (bei 19,06$) erreicht. Das gute an KL.TO ist, dass sich die Minen in sicheren und minenfreundlichen Regionen befinden (Australien/Kanada). Es läuft rund.
P.S: 03.01.2017 Eröffnungspreis an der TSX 7,05 CAD 01.09.2017 Schlusskurs an der TSX 18,19 CAD
Die Aktie von Kirkland Lake Gold hat in 2017 unglaubliches geleistet, sie hat über 165% an Wert gewonnen und am letzten Handelstag des Jahres sogar ein neues 52 Wochen-Hoch (bei 19,35C$) erreicht. Zudem hat das Unternehmen beschlossen Dividenden zu zahlen.
Kirkland Lake Gold veröffentlicht Ausblick für 2018
Highlights of 2018 guidance include:
Production growth to over 620,000 ounces
Improved unit costs, with operating cash costs and all-in sustaining costs (?AISC?) per ounce sold expected to average $425 ? $450 and $750 ? $800, respectively1
Exploration expendituresestimated at $75 ? $90 million in 2018, with $60 ? $75 million targeted for Australia aimed at achieving continued growth of the Swan Zone and other high-potential areas at Fosterville, and in support of resuming operations at the Cosmo mine in the Northern Territory
Sustaining capital expendituresof $150 ? $170 million, with higher sustaining capital expected at Fosterville related to elevated levels of development in support of mining to lower depths, establishing additional mining fronts and sustaining operations over multiple years
Growth capital expendituresof $85 ? $95 million, with key capital requirements including expenditures for a new shaft (see section, Macassa Shaft Project) and tailings impoundment area at Macassa, as well as the bulk of growth capital required at Fosterville to achieve the mine?s target of over 400,000 ounces of annual production by 2020.
Record production: 596,405 ounces produced in 2017, 90% increase from 2016 and better than improved guidance of 580,000 ? 595,000 ounces.
Improved unit costs: Operating cash cost averaged $481/oz sold(1), achieved improved guidance of $475 ? $500 and 16% better than 2016; all-in sustaining costs (?AISC?)(1) averaged $812/oz sold, in line with improved guidance of $800 ? $825 and 13% improvement from 2016. (Total production costs in 2017 totaled $288.3 million compared to $192.8 million in 2016 due to higher business volumes.)
Strong free cash flow: Cash flow from operating activities in 2017 totaled $309.8 million, 66% increase from 2016, while free cash flow(1) totaled $178.0 million, 56% higher than previous year.
Solid earnings performance: 2017 net earnings totaled $132.4 million ($0.64 per basic share) versus $42.1 million ($0.35 per basic share) in 2016. Net earnings in 2017 consisted of earnings from continuing operations of $157.3 million ($0.76 per basic share) including a loss from discontinued operations of $24.9 million ($0.12 per basic share) related to the 2017 care and maintenance expenses and sale of the Company?s Stawell mine on December 21, 2017.
Adjusted net earnings from continuing operations(1) in 2017 totaled $149.1 million ($0.72 per share), a 120% increase from 2016. The exclusion from adjusted net earnings from continuing operations in 2017 of the loss from discontinued operations of $24.9 million ($0.12 per share) as well as a net deferred tax recovery of $10.0 million ($0.05 per basic share) were the main differences between net earnings and adjusted net earnings from continuing operations.
Significant exploration success: Drilling extends high-grade zones at Fosterville, Macassa and Cosmo and intersects new areas of gold mineralization at Taylor (total exploration and evaluation expenditures of $48.4 million in 2017 versus $15.8 million the prior year).
Solid financial position: Cash at December 31, 2017 totaled $231.6 million with no debt following repayment or conversion at maturity of two series of convertible debentures ($44.0 million paid in cash, 4,505,393 common shares issued on conversion of 7.5% Debentures).
Share repurchases: 5.4 million common shares repurchased for $60.1 million (C$76.5) million through a normal course issuer bid (?NCIB?) initiated in May 2017.
Dividend: Quarterly dividend introduced with first payment of $0.01 per share in July 2017 (dividend increased to $0.02 per share effective January 15, 2018 payment).
Consolidated Q1 2018 production of 147,644 ounces, which compared to 130,426 ounces of production in Q1 2017 and record quarterly production of 166,579 ounces in the fourth quarter of 2017 (?Q4 2017?)
Record quarterly production at Macassatotaling 54,038 ounces in Q1 2018, an increase of 11% from 48,723 ounces in Q1 2017 and 5% from 51,608 ounces produced in Q4 2017 (record monthly production in March 2018 of 30,319 ounces at an average grade of 27.6 g/t)
Solid results at Fostervillein Q1 2018 with production totaling 63,843 ounces, 39% higher than 46,083 ounces in Q1 2017 and compared to record quarterly production of 79,157 ounces in Q4 2017 (March 2018 production of 29,463 ounces at an average grade of 20.4 g/t, Fosterville?s second best monthly production performance)
Production at Holt of 16,675 ounces in Q1 2018, a 9% increase from 15,318 ounces in Q1 2017 and compared to record production of 19,263 ounces the previous quarter
Production at Taylor of 13,055 ounces compared to 10,942 ounces in Q1 2017 and record production of 16,541 ounces in Q4 2017.
Net earnings increase year over year to $53.8 million ($0.25/share) compared to $13.1 million ($0.06/share) in Q1 2017 and $41.0 million ($0.20/share) in Q4 2017. Adjusted net earnings1,3 totaled $52.6 million ($0.25/share) versus $17.5 million ($0.09/share) in Q1 2017 and $71.2 million ($0.34/share) in Q4 2017.
Record quarterly EBITDA1,2,3 of $105.9 million versus $66.9 million in Q1 2017 and $103.9 million in Q4 2017.
Solid cash flow from operating activities1 totaling $89.6 million versus $67.9 million in Q1 2017 and a quarterly record of $103.4 million in Q4 2017
Strong year-over-year growth in free cash flow3 to $50.2 million compared to $38.5 million and $64.5 million, respectively, in Q1 2017 and Q4 2017.
Cash increased $43.7 million or 19% to $275.3 million at March 31, 2018 from $231.6 million at the end of 2017.
Low unit costs with operating cash cost/ounce sold3 averaging $447 (based on production costs of $66.1 million), in line with 2018 guidance and compared to $564 in Q1 2017 and $412 in Q4 2017. All-in sustaining cost (?AISC?)/ounce sold3 averaged $833 versus $873 in Q1 2017 and $816 in Q4 2017. AISC/ounce to improve as quarterly sales volumes increase.
Production increased to 147,644 ounces from 130,425 ounces in Q1 2017 and compared to record quarterly production of 165,579 ounces in Q4 2017.
Strong growth in Mineral Reserves and Mineral Resources with consolidated Mineral Reserves at December 31, 2017 increasing 36% from the previous year. Mineral Reserves at Fosterville increased 247% from the December 31, 2016 estimate (65% increase from June 30, 2017 mid-year estimate), while Measured and Indicated Mineral Resources and Inferred Mineral Resources at Macassa increased 58% and 48%, respectively.
Macassa #4 shaft project announced in January 2018 as part of Company?s plan to double production at Macassa to over 400,000 ounces per year over the next five to seven years, with Phase #1 targeted for completion in early 2022 and Phase #2 expected to be completed by the end of 2023.
Quarterly dividend increased on May 2, 2018 to C$0.03/share effective the second quarter 2018 quarterly dividend payment, payable in July 2018 (Q1 2018 quarterly dividend of C$0.02/share paid on April 13, 2018).