Through the quarter, the Fosterville mine produced 157,993 oz of gold primarily based on processing 170,315 tonnes at a median grade of 29.2 g/t and common mill recoveries of 98.7%.
This was barely greater than the 155,106 oz produced in Q2 2020, however represents a forty five% enhance over the 108,679 oz produced within the earlier quarter.
At Detour Lake, manufacturing reached a file 165,880 oz for the quarter, which was 26% greater than the 131,992 oz produced in Q2 2020 and 13% higher than the earlier quarter.
Detour Lake’s file output was pushed by greater mill throughput and a “vital enchancment” in grade, Makuch says, with the typical grade of 0.96 g/t according to the present mineral reserve grade for the operation.
Manufacturing on the Macassa mine totalled 55,322 oz, which was 32% greater than 41,865 oz in Q2 2020 and elevated 17% from 47,437 oz the earlier quarter. Once more, greater tonnes processed was attributed to the improved manufacturing.
For the primary half of 2021, manufacturing totalled 682,042 oz, a 3% enhance from the primary six months of final 12 months, principally reflecting greater manufacturing at each Detour Lake and Macassa.
Given these outcomes, the corporate is “effectively positioned” to attain its full-year 2021 manufacturing steering of 1.3-1.4 moz, with the expectation now being to complete the 12 months within the high half of the steering vary.
Shares of Kirkland Lake Gold went up 2.3% by 11:45 a.m. in Toronto, giving the senior gold producer a market worth of C$13.3 billion.