Kirkland Lake Gold Announces Third Quarter Production Results

Kirkland Lake Gold Announces Third Quarter Production Results 
KIRKLAND LAKE, ONTARIO -- (Marketwire) -- 02/11/13 -- Kirkland Lake
Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI), an operating and
exploration gold mining company, announces production results for the
third quarter of its fiscal year 2013 (November, December, January).  
During the quarter, 73,678 tons of ore were produced at a head grade
of 0.32 ounces per ton (opt) and a gold recovery rate of 95.66% to
produce 22,261 ounces of gold. Ounces sold during the quarter were
17,389. The difference between ounces produced and ounces sold was
due to road closures as a result of an ice storm that delayed the
last pour of the quarter (4,271 ounces) from being delivered to the
gold refinery where it was to be sold until February 1. These
additional ounces will remain in inventory in Q3 and will be sold in
Q4. For the year to date, 214,678 tons of ore have been produced at a
head grade of 0.29 opt and a gold recovery rate of 95.58% to produce
60,015 ounces of gold. Sold ounces year to date are 59,648.  
The overall production results are slightly ahead of the plan to meet
the Company's guidance of 90,000 - 110,000 sold ounces for fiscal
year 2013. The Company plans to increase production in Q4 as a result
of the contribution to production of the newly operational service
cage, and the beginning of the ramp up of production to the
1,400-1,600 ton per day milestone, targeted for Q2 of fiscal year
2014 (August to October, 2013).  
Head grade during the month of January improved considerably to 0.39
opt as a result of the ratio of ore from high grade areas to ore from
lower grade areas returning temporarily to a ratio of roughly 1:1.
The company is not currently in a position to sustain that ratio, but
is working on the development of additional high-grade ore mining
areas in order to improve from the roughly 1:3 ratio experienced
through most of this fiscal year. The availability of the service
cage will greatly aid in those efforts, as most of the waste
development rock from this development must be hoisted to surface.
The service cage will free up the production hoist to do that waste
hoisting. 
About the Company 
Kirkland Lake Gold's corporate goal is to create a self sustaining
and long lived intermediate Gold Mining Company based in the historic
Kirkland Lake Gold Camp. The Company plans to do this by increasing
production capacity to 2,200 tons of ore per day in several stages,
and by decreasing production costs by realizing the economies of
scale associated with that higher production capacity. At the same
time, the company is committed to maintaining a significant
exploration program aimed at developing and maintaining a property
wide reserve and resource base sufficient to sustain a mine life of
more than ten years for as long as practicable. 
Cautionary Note Regarding Forward-Looking Statements 
This Press Release contains statements which constitute
"forward-looking statements", including statements regarding the
plans, intentions, beliefs and current expectations of the Company
with respect to the future business activities and operating
performance of the Company. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions, as they relate to the Company, are
intended to identify such forward-looking statements. Investors are
cautioned that forward-looking statements are based on the opinions,
assumptions and estimates of management considered reasonable at the
date the statements are made, and are inherently subject to a variety
of risks and uncertainties and other known and unknown factors that
could cause actual events or results to differ materially from those
projected in the forward-looking statements.
These factors include the Company's expectations in connection with
the projects and exploration programs being met, the impact of
general business and economic conditions, global liquidity and credit
availability on the timing of cash flows and the values of assets and
liabilities based on projected future conditions, fluctuating gold
prices, currency exchange rates (such as the Canadian dollar versus
the United States Dollar), possible variations in ore grade or
recovery rates, changes in accounting policies, changes in the
Company's corporate mineral resources, changes in project parameters
as plans continue to be refined, changes in project development,
construction, production and commissioning time frames, risks related
to joint venture operations, the possibility of project cost overruns
or unanticipated costs and expenses, higher prices for fuel, power,
labour and other consumables contributing to higher costs and general
risks of the mining industry, failure of plant, equipment or
processes to operate as anticipated, unexpected changes in mine life,
seasonality and unanticipated weather changes, costs and timing of
the development of new deposits, success of exploration activities,
permitting time lines, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, title
disputes or claims, and limitations on insurance, as well as those
risk factors discussed or referred to in the Company's annual
Management's Discussion and Analysis and Annual Information Form for
the year ended April 30, 2012 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
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company 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 be as anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update these
forward-looking statements except as otherwise required by applicable
law. 
Neither the Toronto Stock Exchange nor the AIM Market of the London
Stock Exchange has reviewed and neither accepts responsibility for
the adequacy or accuracy of this news release. 
Contacts:
Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
+1 705 567 5208
+1 705 568 6444 (FAX)
bhinchcliffe@klgold.com 
Kirkland Lake Gold Inc.
Lindsay Carpenter
Director of Investor Relations
+1 416-840-7884
+1 705 568 6444 (FAX)
lcarpenter@klgold.com
www.klgold.com 
NOMAD: Panmure Gordon (UK) Limited
Katherine Roe
+44 (0) 20 7 8862500
katherine.roe@panmure.com 
NOMAD: Panmure Gordon (UK) Limited
Callum Stewart
+44 (0) 20 7 8862500
callum.stewart@panmure.com
 
 
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