Kirkland Lake confident Fosterville hasn't passed its peak

KIRKLAND Lake Gold reported record earnings and higher returns to shareholders overnight, but CEO Tony Makuch admitted the drop in grade and reserves at Fosterville in Victoria was the “kangaroo on the table”.

Kirkland Lake confident Fosterville hasn't passed its peak Kirkland Lake confident Fosterville hasn't passed its peak Kirkland Lake confident Fosterville hasn't passed its peak Kirkland Lake confident Fosterville hasn't passed its peak Kirkland Lake confident Fosterville hasn't passed its peak

Kirkland Lake CEO Tony Makuch

The big negative in Kirkland Lake's overnight announcements was a 23% drop in gold reserves and a 30% fall in grade at Fosterville to 2.1 million ounces at 21.8 grams per tonne gold, down from 2.