Kirkland Lake Gold Announces Board Appointments
February 24 2020 - 5:24PM
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or
the “
Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today
announced the appointment of Ingrid Hibbard and Peter Grosskopf to
the Company’s Board of Directors. The appointments are effective
immediately.
Ms. Hibbard has over 30 years of experience
spanning all facets of the mineral resources industry. Ms. Hibbard
is currently the President, Chief Executive Office and director of
Pelangio Exploration Inc., a Canadian exploration company with
properties in Canada and Ghana. Ms. Hibbard played a founding
role advancing the Detour Lake mine property. She was President of
Pelangio-Larder Mines, Limited, which in 1998 acquired Detour Lake
from Placer Dome (CLA) Ltd. under a joint venture with
Franco-Nevada Mining Company Limited. Pelangio subsequently
sold the Detour Lake assets to Detour Gold Corporation in 2007. Ms.
Hibbard remained a director of Detour Gold until 2018. Ms. Hibbard
also served on the Board of Lake Shore Gold Inc. from 2016 to 2018.
Ms. Hibbard holds a BA and a LL.B. from the University of Western
Ontario and is called to the Bar in both Ontario and
Manitoba.
Peter Grosskopf has more than 30 years of
experience in the financial services industry. Mr. Grosskopf is
currently Chief Executive Officer and a Director at Sprott Inc., a
publicly listed alternative asset manager and a global leader in
precious metal and real asset investments. At Sprott, he is
responsible for strategy and managing the firm’s private resource
investment businesses. His career includes a long tenure in
investment banking, where he managed numerous strategic and
underwriting transactions for companies in a variety of sectors.
Prior to joining Sprott, Mr. Grosskopf was President of Cormark
Securities Inc. He has a track record of building and growing
successful businesses including Newcrest Capital Inc. (as one of
its co-founders), which was acquired by the TD Bank Financial Group
in 2000. Mr. Grosskopf is a CFA® charterholder and earned an
Honours Degree in Business Administration and a Masters of Business
Administration from the Richard Ivey School of Business at the
University of Western Ontario.
Jeff Parr, Chairman of the Board of Kirkland
Lake Gold, commented: “On behalf of the Board, I’d like to welcome
Ingrid and Peter to Kirkland Lake Gold. They bring extensive
expertise and knowledge to the Board from their years working in
the mining industry that will prove very helpful as we continue to
advance the Company’s business plans.”
Tony Makuch, CEO of Kirkland Lake Gold, added:
“Ingrid and Peter will add significantly to the broad range of
experience of our Board of Directors. Kirkland Lake owns three of
the highest-quality gold mines in the world. Fosterville in
Australia and Macassa in Northern Ontario are high grade
underground mines, while Detour is an open-pit mine in Ontario
involving one of the largest gold deposits in the world. All three
mines combine substantial free cash flow generation, significant
in-mine growth potential and considerable regional exploration
upside. We look forward to benefiting from Ingrid and Peter’s
expertise as we move these high-quality assets forward towards
realizing their full value potential.”
About Kirkland Lake Gold
Ltd.
Kirkland Lake Gold Ltd. is a growing gold
producer operating in Canada and Australia that produced 974,615
ounces in 2019, with target production for 2020 of 1,470,000 –
1,540,000 ounces. The production profile of the Company is anchored
by three high-quality operations, including the Macassa Mine and
Detour Lake Mine, both located in Northern 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 expertise.
For further information on Kirkland Lake Gold
and to receive news releases by email, visit the website
www.klgold.com.
FOR FURTHER 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
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