CAPITAL MARKETS

Fosterville behind Kirkland Lake's record earnings

KIRKLAND Lake Gold has reported record quarterly and half-year earnings, driven by the outperformance of the Fosterville mine in Victoria.

Kirkland Lake's Fosterville gold mine in Victoria

Kirkland Lake's Fosterville gold mine in Victoria

June quarter net earnings of US$224.2 million were 67% higher than June 2020 and 51% higher than the March 2021 quarter. EBITDA rose 32% to $451.3 million. Operating cashflow jumped 59% over the...

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