Mr. Mark Utting reports
KIRKLAND LAKE GOLD DECLARES QUARTERLY DIVIDEND PAYMENT
A quarterly dividend payment of four U.S. cents per common share will be paid on Oct. 11, 2019, to Kirkland Lake Gold Ltd. shareholders of record as of the close of business on Sept. 30, 2019. The payment represents the 10th quarterly dividend payment made to shareholders following the company's adoption of a dividend policy in March, 2017. The company's quarterly dividend qualifies as an eligible dividend for Canadian income tax purposes. For Canadian shareholders the U.S. dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on Sept. 27, 2019, the date prior to the payment date.
In addition, Kirkland Lake Gold today confirmed that the company is being added to the S&P/TSX 60 Index effective prior to the open of trading on Monday, Sept. 23, 2019. The addition to the S&P/TSX 60, which was announced by S&P Dow Jones Indices on Sept. 6, 2019, is an important milestone for the company, one that reflects its continued progress in building shareholder value through strong operating and financial performance.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold is a growing gold producer operating in Canada and Australia that produced 723,701 ounces in 2018 and is on track to achieve significant production growth over the next three years, including target production of 950,000 to one million ounces in 2019, 930,000 to 1.01 million ounces in 2020 and 995,000 to 1,055,000 ounces in 2021. The production profile of the company is anchored by two high-grade, low-cost operations, including the Macassa mine, located in Northern Ontario, and the Fosterville mine, located in the state of Victoria, Australia.
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