https://www.engineeringnews.co.za

Kirkland’s Fosterville firing on all cylinders

Kirkland’s Fosterville firing on all cylinders

Photo by Reuters

30th November 2018

By: Creamer Media Reporter

     

Font size: - +

The Fosterville mine in Victoria, Australia, is heading for record quarterly production and is expected to beat the upper-end of its guidance, which will result in owner Kirkland Lake exceeding its consolidated target range of 655 000 oz to 670 000 oz this year.

The Fosterville mine is expected to produce more than 330 000 oz, compared with its guidance of 300 00 oz to 310 000 oz, the TSX-, NYSE- and ASX-listed company reported on Friday.

The strong performance reflects the higher-than-expected grades (exceeding 35 g/t) and the advancement of two additional stopes from the high-grade Swan zone into the mine’s fourth quarter production plan.

The mine’s current production record is 90 6018 oz and was achieved last quarter.

Kirkland Lake also owns the Macassa mine, in north-eastern Ontario, Canada.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Airshrink - CiP
Airshrink - CiP

At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.056 0.881s - 140pq - 2rq
Subscribe Now