Kirkland Lake Gold tells us about its electric hydraulic jumbos
NEWS RELEASEKIRKLAND LAKE Kirkland Lake Gold Inc. (the "Company") (TSX:KGI) (AIM:KGI), an operating and exploration gold mining company, is pleased "Oxandrolone Powder India" to announce an update on operations and production activities for the beginning of its fiscal year 2015 (began May 1, 2014) and a summary of its three year mine production plan.
The mine plan is based on a CAD$1,350 gold price.
Operations and Production Update for Fiscal Year Buy Anadrol Cheap 2015
Year to date Buy Cheap Jintropin Online production (May 1 June 20, or 51 days) totalled 52,987 tons at a head grade of 0.42 ounces per ton ("opt"), or 14.4 grams per tonne ("gpt") to produce 21,426 ounces.
A new "Oxandrolone Powder India" mining horizon is Ciclo Susta Y Deca Durabolin being developed on the 5,400 foot level of the South Mine Complex ("SMC") that saw the first stope, 5417, come online in mid May.
This now gives the Company three mining horizons in the SMC.
The Company is planning to mine 5 stopes from the 5,400 foot level in fiscal 2015.
The Company is also developing the main SMC decline ramp as part of its sustaining capital budget in fiscal year 2015 in order to mine on the 5,600 foot level and below where reserve grades are even higher and will be incorporated into the Company fiscal 2016 mine plan.
On May 12 following a 7 day shutdown the Company commissioned the new ball 4-chlorodehydromethyltestosteron mill with ore, running the mill on a new 5 and 2 day schedule with Deca Durabolin For Sale Canada a daily throughput averaging 1700 tons per day ("tpd") run of mine ore at better than 96% recovery.
At its peak, the mill ran at 2,000 tpd.
The mine is currently producing at a rate of 1,050 tpd of ore.
The Company will take delivery of two new one boom, T1 D, electric hydraulic jumbos in the second half of the calendar year.
Productivity improvements realized with this new equipment are expected to increase average daily ore tonnage to 1,150 1,250 tpd.
The Company remains on track to achieve its fiscal 2015 guidance of 140,000 to 155,000 ounces of gold produced.
The Company currently has 5,400 tons of ore stockpiled in front of the mill.
Highlights of the Mine Plan and Three Year Production Guidance
Kirkland Lake Gold reserve and resource base is as follows:
Proven and probable reserves: 2,784,000 tons at an average grade of 0.50 opt (17.1 gpt) for 1,385,000 ounces
Measured and indicated resources: 4,152,000 tons at an average grade of 0.49 opt (16.8 gpt) for 2,055,000 ounces
Inferred resources of 2,092,000 tons at an average grade of 0.54 opt (18.5 gpt) for 1,133,000 ounces
Fiscal 2015 operating cost guidance of CAD$800 $850 per ounce.
Fiscal 2015 AISC of CAD$1,250 $1,350 per ounce.
Fiscal 2015 total sustaining, property, plant, and equipment expenditures of $58,000,000
Fiscal 2015 "Buy Cheap Jintropin Online" revenue of approximately CAD$200,000,000; Cash flow from operations of between CAD$ 50,000,000 $60,000,000