Kirkland Lake Gold Inc. , an operating and exploration gold mining company located in Ontario, Canada, has announced its first quarter results for the three months ended July 31st, 2008.
Financial highlights for fiscal Q1 2009
- Gold revenues were $8.0 million, a 29% decrease compared to the same quarter in fiscal 2008 (2008: $11.3 million).
- Gold production was 9,193 ounces in the quarter, a decrease of 35% compared to the previous quarter (Q4/08: 14,090) and a 30% decrease compared to Q1/08 (13,204 ounces). This was a consequence of lower than forecasted grades and tons being realized within the existing mine due to above normal seismic activity in one area of the mine necessitating a change to our planned production schedule. read more
Source: Kirkland Lake Gold Inc.
Monday, September 15, 2008
Kirkland Lake Gold Reports Financial Results Fiscal Q1 2009
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