Kirkland Lake Gold Declares $0.02 Per Share Quarterly Dividend Payment
December 15 2017 - 6:00AM
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or
the “
Company”) (TSX:KL) (NYSE:KL) is pleased to
announce that a quarterly dividend payment of CAD$0.02 per common
share will be paid on January 15, 2018 to shareholders of record as
of the close of business on December 29, 2017. The payment
represents the third quarterly dividend payment made to
shareholders following the Company’s adoption of a dividend policy
in March 2017, and is double the $0.01 per common share paid in the
previous two quarterly dividend payments. The Company’s quarterly
dividend qualifies as an “eligible dividend” for Canadian income
tax purposes.
About Kirkland Lake Gold
Ltd.
Kirkland Lake Gold Ltd. is a mid-tier gold
producer with 2017 target production of 580,000 to 595,000 ounces
from mines in Canada and Australia. The production profile of the
Company is anchored from two high-grade, low-cost operations,
including the Macassa Mine located in northeastern Ontario and the
Fosterville Mine located in the state of Victoria, Australia.
Kirkland Lake Gold's solid base of quality assets is complemented
by district scale exploration potential, supported by a strong
financial position with extensive management and operational
expertise.
Cautionary Note Regarding
Forward-Looking Information
This press release contains statements which
constitute “forward-looking information” within the meaning of
applicable securities laws, including statements regarding the
plans, intentions, beliefs and current expectations of Kirkland
Lake Gold with respect to future business activities and operating
performance. Forward-looking information is often identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions and, in this press release, include information
regarding planned dividend payments and the management of the
Company’s dividend policy. The declaration and payment of dividends
remains at the discretion of the Board of Directors and will depend
on the Company's financial results, cash requirements, future
prospects and other factors deemed relevant by the Board.
Investors are cautioned that forward-looking
information is not based on historical facts but instead reflect
the Company's management's expectations, estimates or projections
concerning future results or events based on the opinions,
assumptions and estimates of management considered reasonable at
the date the statements are made. Although Kirkland Lake Gold
believes that the expectations reflected in such forward-looking
information are reasonable, such information involves risks and
uncertainties, and undue reliance should not be placed on such
information, as unknown or unpredictable factors could have
material adverse effects on future results, performance or
achievements of the combined company. Among the key factors that
could cause actual results to differ materially from those
projected in the forward-looking information are the following: the
future development of the Taylor Mine and development of the WPZ
area; the addition of mineral resources and reserves at the East
and West Porphyry deposits and the anticipated effects thereof;
anticipated release date of future drill results from the Taylor
Property; the future development of the Company’s Canadian and
Australian operations, the ability to realize synergies and cost
savings; the potential impact on exploration activities; the
potential impact on relationships, including with regulatory
bodies, employees, suppliers, customers and competitors; the
re-rating potential following the consummation of the merger;
changes in general economic, business and political conditions,
including changes in the financial markets; changes in applicable
laws; and compliance with extensive government regulation. This
forward-looking information may be affected by risks and
uncertainties in the business of Kirkland Lake Gold and market
conditions. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in
filings made by Kirkland Lake Gold, including Kirkland Lake Gold's
annual information form dated December 31, 2016, financial
statements and related MD&A for the second quarter ended
June30, 2017 and the interim financial reports and related MD&A
for the period ended June 30, 2017 filed with the securities
regulatory authorities in certain provinces of Canada and available
at www.sedar.com.
Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although Kirkland
Lake Gold has attempted to identify important risks, uncertainties
and factors which could cause actual results to differ materially,
there may be others that cause results not to be as anticipated,
estimated or intended. Kirkland Lake Gold does not intend, and do
not assume any obligation, to update this forward-looking
information except as otherwise required by applicable law.
For more information, please
contact:
Anthony Makuch, President, Chief Executive
Officer & DirectorPhone: +1 416-840-7884E-mail:
tmakuch@klgold.com
Mark Utting, Vice President, Investor
RelationsPhone: +1 416-840-7884E-mail: mutting@klgold.com
Website : www.klgold.com
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