Mr. Anthony Makuch reports
KIRKLAND LAKE GOLD DECLARES QUARTERLY DIVIDEND PAYMENT AND REPORTS ON COMMON SHARE REPURCHASES THROUGH NCIB
A quarterly dividend payment of three cents per common share will be paid on Oct. 12, 2018, to Kirkland Lake Gold Ltd. shareholders of record as of the close of business on Sept. 28, 2018. The payment represents the sixth quarterly dividend payment made to shareholders following the company's adoption of a dividend policy in March, 2017. The company's quarterly dividend qualifies as an eligible dividend for Canadian income tax purposes.
In addition, the company is pleased to announce that, during the third quarter of 2018, it has purchased a total of 1,570,600 common shares for cancellation pursuant to its normal course issuer bid (NCIB). The common shares were repurchased at an average price of $24.77 per share for a total aggregate cost of $38.9-million.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold is a mid-tier gold producer with 2018 production targeted at over 620,000 ounces of gold from mines in Canada and Australia. The production profile of the company is anchored by two high-grade, low-cost operations, including the Macassa mine, located in Northeastern Ontario, and the Fosterville mine, located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district-scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
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