Ice storm delays Kirkland Lake sales
The company said the storm delayed the last pour of the quarter (4,271 ounces) from being delivered to the gold refinery.
For the year to date, 214,678 tons of ore have been produced at a head grade of 0.29 opt and a gold recovery rate of 95.58% to produce 60,015 ounces of gold. Sold ounces year to date are 59,648.
The overall production results are slightly ahead of the plan to meet the company's guidance of 90,000 - 110,000 sold ounces for fiscal year 2013.
The company plans to increase production in the fourth quarter as a result of the contribution to production of the newly operational service cage, and the beginning of the ramp up of production to the 1,400-1,600 ton per day milestone, targeted for the second quarter of fiscal year 2014 (August to October, 2013).
At 8:13am: [LON:KGI] Kirkland Lake Gold share price was +10p at 430p
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