03:34:50 EDT Thu 01 Oct 2020
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Kirkland Lake Gold Ltd
Symbol KL
Shares Issued 210,189,007
Close 2019-12-16 C$ 55.13
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Kirkland Lake to pay six-U.S.-cent dividend Jan. 13

2019-12-16 22:09 ET - News Release

Mr. Anthony Makuch reports


Kirkland Lake Gold Ltd. will pay a quarterly dividend of six U.S. cents per common share on Jan. 13, 2020, to shareholders of record as of the close of business on Dec. 31, 2019. The six-U.S.-cent-per-common-share payment is 50 per cent higher than the previous quarterly dividend payment of four U.S. cents per common share, paid on Oct. 11, 2019, and represents the 11th 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 Dec. 30, 2019, the date prior to the payment date.

About Kirkland Lake Gold Ltd.

Kirkland Lake 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 in 2019 to 950,000 to one million ounces. 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. Kirkland Lake's solid base of quality assets is complemented by district-scale exploration potential, supported by a strong financial position with extensive management expertise.

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