Loading ...Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) expects its Detour Lake open pit mine in northern Ontario to reach a gold output rate of 900,000 oz. a year by 2032, based on the company’s latest life-of-mine plan for the asset.
This technical report also forecasts average production of 680,000 to 720,000 oz. a year between 2021 and 2024, increasing to 800,000 oz. in 2025, as announced earlier this year. The latest forecasts do not account for any of the exploration upside realized by Kirkland Lake since acquiring the asset at the end of January 2020 and don’t fully incorporate the impact of business improvement initiatives realized since acquisition.
Kirkland Lake expects Detour to produce up to 900k oz annually by 2032