Company News

BUZZ-Kirkland Lake Gold sees higher production, lower costs in 2018

** Canadian gold miner forecasts higher gold production and lower costs for 2018

** Expects gold production to be >620,000 ounces in 2018 vs 596,405 ounces in 2017

** Sees all-in sustaining costs per ounce of gold to be $750 -$800 in 2018, compared with $800-$825 estimate for 2017

** Expects exploration expenditures of $75 mln-$90 mln in 2018, with major portion focused on Australia

** KL, which has missed analysts’ profit estimates for past three quarters, scheduled to report Q4 results late-February

** 9 of 10 brokerages rate the stock “buy” or higher and 1 “hold”; median PT is $22

** Up to Tuesday’s close, co’s Canadian stock more than doubled in past 12 months (Reporting by Taenaz Shakir in Bengaluru)