Fosterville doubles

KIRKLAND Lake Gold CEO Tony Makuch said the high-grade Fosterville mine in Victoria was “rapidly emerging as one of the world’s great underground gold mines” after the company doubled reserves.

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The TSX-listed gold miner updated its underground mineral reserve by 110% at Fosterville to 1.03 million ounces and increased the grade by 83% to 17.9gpt gold, up from the 9.