kgi17 May 2012 23:15
Gold miner Kirkland Lake has reported full-year production for the year ended April 30th of 281,634 tons of ore at a head grade of 0.37 ounces of gold per ton and a recovery of 96.13% to produce 100,275 ounces of gold, in line with the company's revised guidance. Ounces produced during the year rose 22% compared to the previous year, while ounces sold jumped 19.5% from 78,809 to 97,888. Tons produced soared 35% from 207,322 to 281,364. The recovery rate was stable year-on-year at 96.13 compared to 96.4% the previous year.