Another cracking quarter at Fosterville

AFTER a spectacular June quarter of production, Kirkland Lake Gold’s Fosterville mine in Victoria has followed it up with the second-best ever quarter.

Another cracking quarter at Fosterville Another cracking quarter at Fosterville Another cracking quarter at Fosterville Another cracking quarter at Fosterville Another cracking quarter at Fosterville

Fosterville produced 61,500 ounces of gold in the September quarter, down from the record 77,100oz in the June quarter, but still up 66% year-on-year.

The reason for the quarter-on-quarter drop was a fall in the average head grade from a record 17.2 grams per tonne gold to 14.1gpt gold.

Recoveries remained at the record 94.7% seen in the June quarter.

KL reported group production of 139,100oz of gold in the September quarter, up 4% year-on-year.

KL president and CEO Tony Makuch said the company’s mines had all performed well in the September quarter.

“Grades at Fosterville doubled from Q3 2016 and are expected to increase in the fourth quarter and ...