RNS11 Feb 2013 08:05
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 o