Kirkland Lake Gold Increases Quarterly Dividend Payment
December 11 2018 - 5:28PM
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or
the “
Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is
pleased to announce an increase in the quarterly dividend to
CAD$0.04 per common share from CAD$0.03 per common share
previously. The dividend increase will be effective with the
fourth quarter 2018 dividend payment, to be paid on January 11,
2019 to shareholders of record as of the close of business on
December 31, 2018. With the latest increase, the Company has now
raised the quarterly dividend three times since the adoption of its
dividend policy in March 2017. 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
operating in Canada and Australia that is on track to achieve
significant production growth over the next three years, including
target production of 740,000 – 800,000 ounces in 2019, 845,000 –
910,000 ounces in 2020 and 945,000 – 1,005,000 ounces in 2021. The
production profile of the Company is anchored by two high-grade,
low-cost operations, including the Macassa Mine 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 and
operational expertise.
Cautionary Note Regarding
Forward-Looking InformationThis 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 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 Canadian and Australian operations; the
potential anticipated annual increase in production; future
exploration activities; 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, financial statements and
related MD&A for the financial year ended December 31, 2017,
and its interim financial statements and related MD&A for the
period ended September 30, 2018, which are 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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