Uploaded bykirklandlakegoldltd
56 views

Pms zurich november2017

Kirkland Lake Gold is a Canadian gold producer with operations in Canada and Australia. It is on track to meet its 2017 production guidance of 580,000 to 595,000 ounces of gold. Kirkland Lake has two main production drivers - the Macassa mine in Canada and the Fosterville mine in Australia. Both mines have high gold grades, long mine lives, and are low-cost producers. Kirkland Lake is focused on increasing shareholder value through production growth, cost reductions, and strategic investments.

Download to read offline
Precious Metals Summit, Zurich November 7-8, 2017 KLGOLD.COM TSX: KL NYSE: KL HIGH-GRADE GOLD PRODUCTION | FINANCIAL STRENGTH | GROWTH
KLGOLD.COM TSX:KL NYSE:KL FORWARD LOOKING STATEMENTS Cautionary Note Regarding Forward-Looking Information This presentation contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's disclosure materials; and (iii) future exploration plans (iv) the temporary suspension of operations at the Cosmo Mine and the anticipated effects thereof . Investors are cautioned that forward-looking information is not based on historical facts but instead reflect KL Gold’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability of Kirkland Lake Gold to successfully integrate the operations and employees of its Canadian and Australian operations, and realize synergies and cost savings, and to the extent, anticipated; the potential impact on exploration activities; the potential impact on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the merger; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold , including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the year ended December 31, 2017 and their interim financial reports and related MD&A for the quarters ended March 31, June 30 and September 30, 2017 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. All dollar amounts in this presentation are expressed in U.S. Dollars unless otherwise noted. Use of Non-GAAP Measures This Presentation refers to average realized price, operating costs, all-in sustaining costs per ounce of gold sold, free cash flow and cash costs of production because certain readers may use this information to assess the Company’s performance and also to determine the Company’s ability to generate cash flow. This data is furnished to provide additional information and are non-GAAP measures and do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”). These measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs presented under IFRS. Refer to each Company’s most recent MD&A for a reconciliation of these measures. 2
KLGOLD.COM TSX:KL NYSE:KL KIRKLAND LAKE GOLD (TSX:KL, NYSE:KL) 3 High-grade, low- cost production Strong free cash flow Focused on increasing shareholder value Extensive organic growth
KLGOLD.COM TSX:KL NYSE:KL HIGH-GRADE GOLD PRODUCTION IN CANADA AND AUSTRALIA 4 2 Key Drivers of Performance – 76% of 9M 2017 Production 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 Consolidated 9M/17 Production 429,822 oz On track to meet 2017 guidance of 580,000 – 595,000 ozs 2017 Outlook Fosterville Macassa Consolidated P&P Reserve Grade (g/t Au) 17.9 20.8 9M 2017 production (ounces) 184,688 142,628 429,822 H1 2017 Operating Costs ($/Oz Sold)1,2 295 516 508 1) See Non-GAAP Measures sections in forward looking statements 2) Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.31 and a USD to AUD exchange rate of 1.31. See Kirkland Lake Gold News release dated 2, 2017
KLGOLD.COM TSX:KL NYSE:KL 1) Operating Cash Costs per ounce and AISC per ounce are examples of Non-GAAP measures. Please see the Non-GAAP Measures section in forward looking statements on Slide 2. In addition, please see Kirkland Lake Gold’s News Release dated November 2, 2017 and Q3 2017 MD&A for additional reporting details related to Operating Cash Costs per ounce and AISC per ounce results 2) Operating Cash Costs per ounce and AISC per ounce guidance reflects an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.33. Operating Cash Costs per ounce and AISC per ounce results in 9M 2017 reflect an average USD to CAD exchange rate of 1.31 and USD to AUD exchange rate of 1.31. See Kirkland Lake Gold News release dated November 2, 2017 3) Effective June 30, 2017, Kirkland Lake Gold suspended production at the Cosmo Mine, allowing the Company to focus its activities on an aggressive resource definition and exploration program at the mine. The Cosmo Mine will be maintained in a state of readiness to allow operations to recommence in the event that exploration, resource definition and development planning are successful in enhancing the economic viability of the mine 5 At September 30/17 CANADIAN OPERATIONS AUSTRALIAN OPERATIONS $ million unless otherwise states Macassa Holt Taylor Fosterville Cosmo3 Consolidated 2017 Guidance Gold Production (ozs)1 142,628 47,414 34,223 184,688 $20,595 429,8222 580,000 – 595,000 Operating cash costs ($/oz)1,2 $516 $708 $625 $281 $1,661 $508 $475 – $500 AISC ($/oz)1,2 $811 $800 – $825 Operating cash costs $217.0 $270 – $280 Capital expenditures $105.9 $160 – $180 Exploration $37.7 $45 – $55 Royalty cost $15.2 $20 – $25 G & A $15.6 $20 ON TRACK TO ACHIEVE 2017 GUIDANCE 2017 Guidance Macassa Holt Taylor Fosterville Cosmo3 Consolidated Gold Production (ozs)1 190,000 – 195,000 65,000 – 70,000 50,000 – 55,000 250,000 – 260,000 20,000 580,000 – 595,000 Operating cash costs ($/oz)1,2 520 – 550 670 – 725 575 625 260 – 280 1,500 – 1,600 $475 – $500
KLGOLD.COM TSX:KL NYSE:KL 6 SOLID FINANCIAL POSITION CAPITAL STRUCTURE & OWNERSHIP Issued & Outstanding (at November 2/17) 207.6 million Market Cap. (NYSE) ($13.27) (Nov. 2/17) (TSX) (C$17.11) (Nov. 2/17) US$2.8 billion C$3.6 billion Daily Avg. Volume – 30 day (November 2/17) 1.6 million shares Insider Ownership (Eric Sprott) >10% 1) Refers to cash and cash equivalents 2) After impact of $61.0 million investment to acquire 18.2% interest in Novo Resources Corp. and $39.5 million to repurchase 3.9 million KL common shares TSX:KL S&P/TSX Global Gold Index KL outperforming peers (shares up ~130% 2017 YTD)Strong Cash Position, Deploying Cash for Value STRONG BALANCE SHEET Cash1,2 (at Sept. 30/17) $211 million Convertible Debentures (at Sept. 30/17) $49 million KGI.DB.A: 7.5% C$13.70 Conv. Price C$62M mature Dec 2017 Free cash flow – 9M 2017 $114 million Cash flow from operations – H1 2017 $206 million
KLGOLD.COM TSX:KL NYSE:KL 7 FOCUSED ON GROWING SHAREHOLDER VALUE  REPURCHASING SHARES o NCIB1 up to 10% of issued & O/S shares (15.2M shares), ~4.9M shares repurchased to date for $51.9 million  ELIMINATING DEBT o Paid $44 million to repay 6% conv. debentures on June 30/17 o CAD$62 million 7.5% conv. debenture due Dec. 31/17, conversion price CAD$13.70  BUILDING CASH o Generated $113.5M of free cash flow in 9M 2017 o $211 million of cash and cash equivalents at September 30, 2017 1) Refers to Normal Course Issuer Bid, please see Kirkland Lake Gold press release dated May 15, 2017.  INTRODUCED QUARTERLY DIVIDEND, PAYMENT BEING DOUBLED o Paid first quarterly dividend of $0.01 per share on July 14, 2017 o Second quarterly dividend of $0.01 per share to be paid October 16, 2017 o Dividend increasing to $0.02/share in December 2017  STRONG OPERATING PERFORMANCE o Increased production/cost guidance 3 times in 2017 (429,822 ozs @ AISC of $811/oz in 9M 2017) o Disciplined approach to business performance (closed 3 mines)
KLGOLD.COM TSX:KL NYSE:KL 8 FOCUSED ON GROWING SHAREHOLDER VALUE  ACHIEVING EXPLORATION SUCCESS o Large gold systems at Fosterville and Macassa o Growing Swan Zone at Fosterville (Swan reserve: 532 koz @ 58.8 g/t cut grade) o Potential for repeat of Swan Zone mineralization in Lower Harrier at Fosterville o Extending South Mine Complex at Macassa o Discovering new areas of gold mineralization at Taylor  INCREASING RESERVES AND RESOURCES o Increased Macassa reserve 37% at Dec. 31/16 to ~2M ozs o Fosterville reserve increased 110% at June 30/17 to >1.0M ozs  STRATEGIC INVESTMENTS o Novo Resources Corp. – Large, near-surface gold system hosted by sequence of conglomerate beds o Bonterra/Metanor – Emerging gold camp in Western Quebec
KLGOLD.COM TSX:KL NYSE:KL 9 MACASSA: HIGH-GRADE, LONG-LIFE RESERVE 38,929 42,866 52,318 48,723 45,699 48,206 12.2 13.7 16.3 17.1 13.9 16.5 10 11 12 13 14 15 16 17 18 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 30,000 35,000 40,000 45,000 50,000 55,000 GoldProduction(ozs) GoldGrade(g/t) $959 $834 $782 $793 $842 $546 $421 $514 $512 $522 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Production Costs US$/oz2,3 AISC OCC 1) See the Company’s MD&A for the three and nine months ended September 30, 2017 for more information about Macassa’s operating performance. See Slide 2 for information on “Non-GAAP” measures. 2) Refer to appendix for NI 43-101 disclosure Long-Life Reserve/Large Resource Base (As of Dec 31, 2016)2 P&P reserves 2.01M oz @ 20.8 g/t gold (3.0 Mt) M&I resources 1.32M oz @ 16.6 g/t Au (2.24Mt) Extensive surface and underground drilling underway. High-Grade Production1 Low-Cost, High-Margin Ounces1 9M 2017: 142,600 ozs 289.9 kt @ 15.7 g/t 2017 Guidance Production: 190 – 195 koz; Cash costs: $520 – $550/oz Cost/tonne: C$314/tonne Q3 2017 vs C$336/tonne Q2 2017 YTD 2017: CC: $514/oz; AISC: $804/oz
KLGOLD.COM TSX:KL NYSE:KL REGIONAL EXPLORATION ACROSS A PROLIFIC TREND 1) See Kirkland Lake Gold News Release dated June 28, 2017 for more information  Significant expansion potential down dip, along strike  Recent drilling extending South Mine Complex (“SMC”) 259m to east (key intercepts: 19.2 g/t over 0.9m, 160.3 g/t over 0.3m)  Recent highlight results along the easterly strike of the SMC include: 651.8 g/t gold over 3.8m, 102.5 g/t gold over 3.2m and 100.5 g/t gold over 1.6m 10
KLGOLD.COM TSX:KL NYSE:KL 11 37,245 36,967 44,406 46,083 77,069 61,535 7.5 6.9 8.5 11.1 17.2 14.1 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 20,000 30,000 40,000 50,000 60,000 70,000 80,000 GoldProduction(ozs) GoldGrade(g/t) $765 $641 $571 $388 $574 $471 $420 $354 $220 $295 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Production Costs US$/oz AISC OCC 1) See the Company’s MD&A for the three and nine months ended September 30, 2017 dated November 2, 2017 for more information on Fosterville’s operating performance. (See Slide 2 for information regarding Non-GAAP measures). High-Grade Production Low-Cost, High-Margin Ounces 9M 2017: 184,700 ozs 428.6 kt @ 14.2 g/t Long-Life Reserve/Large Resource Base (As of Dec 31, 2016)1 P&P reserves 1.03M oz @ 17.9 g/t gold (1.79 Mt) M&I resources 1.94M oz @ 4.4 g/t Au (13.7 Mt) Inferred resources 1.04M oz @ 5.8 g/t (5.56 Mt) 2017 Guidance Production: 250 – 260 koz; Cash costs: $260 – $280/oz YTD 2017: CC: $281/oz; AISC: $501/oz Cost/tonne: C$181/tonne Q3 2017 vs C$165/tonne Q2 2017 • FOSTERVILLE: SOLID Q3, FOLLOWED BY RECORD OCTOBER
KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: UNDERGROUND MINERAL RESERVE INCREASES 110% JUNE 2017 DECEMBER 2016 TONNES (000’S) GRADE (g/t) OUNCES (kozs) TONNES (000’S) GRADE (g/t) OUNCES (kozs) Underground 2P 1,790 17.9 1,030 1,560 9.8 490 June 2017 Mineral Resources (Exclusive of Reserves) JUNE 2017 TONNES GRADE (g/t) OUNCES (kozs) Underground M+I 13,700 4.4 1,940 Underground Inf 5,560 5.8 1,040  Underground mineral reserves more than doubled to 1,030,000 ozs  Underground reserve grade increased 83% to 17.9 g/t Au • Swan mineral reserve: 532 koz at 58.8 g/t Au • Swan mineral resources: Indicated 8 koz at 86.7 g/t Au, Inferred 56 koz at 56.0 g/t June 2017 Mineral Reserves 1) CIM definitions (2014) were followed in the calculation of Mineral Reserves 2) Mineral Reserves were estimated using a long-term gold price of US$1,200/oz (A$1,500/oz) 3) Cut-off grades varied from 2.0 g/t Au to 3.1 g/t Au, depending upon width, mining method and ground conditions; Dilution varies from 5 to 40 % and mining recovery ranging between 60 – 100% were applied to stopes within the Mineral Reserve estimate 4) Mineral Reserves estimates were prepared under the supervision of Ion Hann, FAusIMM 5) Fosterville CIL Residues are stated as Proven contained ounces. Mill recoveries of 25% are planned, based on operating performance 6) Mineral Resources were estimated using cut-off grades 0.7 g/t Au for oxide and 1.0 g/t Au for sulfide mineralization to potentially open-pitable depths of approximately 100m, below which a cut-off grade of 3.0 g/t Au was used 7) Mineral Resource estimates were prepared under the supervision of Troy Fuller, MAIG; 8) Totals may not add exactly due to rounding 12
KLGOLD.COM TSX:KL NYSE:KL 13 FOSTERVILLE – UPDATED JUNE 2017 RESERVES Lower Phoenix North Lower Phoenix Swan Zone Harrier South
KLGOLD.COM TSX:KL NYSE:KL 14 SWAN ZONE – NEW EXTENSIONS TO HIGH-GRADE ZONE
KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: IN-MINE EXPLORATION 15  Focus on accelerating conversion in three production horizons – Lower Phoenix (Swan), Lower Phoenix North and Harrier South  Significant step-out drilling along plunge at Swan Zone  2017 program consists of underground development, drilling and geophysics/geochemistry
KLGOLD.COM TSX:KL NYSE:KL 16 Swan Zone Planned Step-Out Drilling Lower Phoenix Harrier South First Hole in Progress Planned development • FOSTERVILLE: DRILLING DOWN-PLUNGE AT SWAN ZONE
KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: LARGE ORE DEPOSIT EXPLORATION (“LODE”) 17  Mining lease (MIN5404:~17km2) contains o ~10km strike length of Mineral Resources o ~7km on Fosterville Fault Line, and o ~3km on the O’Dwyer’s Fault Line.  Surrounding exploration leases encompass o ~505km2 and o ~60km potential gold-structures on 7 interpreted fault lines.  5 of the 7 lines contain known gold occurrences with historic resources and/or historic workings.  FGM processing plant within 30km of prospective targets. FGM Mill  LODE program proposed in aggressive 2-year exploration of EL3539
KLGOLD.COM TSX:KL NYSE:KL KIRKLAND LAKE GOLD (TSX:KL, NYSE:KL) 18 High-grade, low- cost production Strong free cash flow Focused on increasing shareholder value Extensive organic growth
APPENDIX Notes, additional disclosure and other information KLGOLD.COM TSX:KL NYSE:KL
KLGOLD.COM TSX:KL NYSE:KL BOARD OF DIRECTORS 20 Board of Directors Eric Sprott Chairman of the Board Anthony Makuch President & CEO Barry Olson Independent Pamela Klessig Independent Jeffrey Parr Independent Raymond Threlkeld Independent Jonathan Gill Independent Arnold Klassen Independent
KLGOLD.COM TSX:KL NYSE:KL MACASSA – Q3 & 9M 2017 OPERATING RESULTS 21 Operating results 2017 2016 2017 2016 Total ore milled (t) 93,391 100,357 289,935 289,118 Run of mine (t) 92,377 81,462 267,924 256,607 Low grade (t) 1,014 18,895 22,011 32,511 Average grade (g/t) 16.5 13.7 15.7 13.6 Run of mine tonnes 16.6 16.5 16.9 15.2 Low grade tonnes 2.0 1.5 1.6 1.6 Recovery (%) 97.4 96.9 97.2 97.0 Ounces produced 48,206 42,866 142,628 122,849 Development metres - operating 1,128 1,310 2,632 2,930 Development metres - capital 1,334 1,619 4,418 2,620 Operating cash costs per ounce sold $522 $546 $516 $569 All-in sustaining costs ($/oz sold) $842 $918 $804 $894 Total capital expenditures (in thousands) $15,091 $13,988 $39,360 $34,440 Three months ended September 30, Nine months ended September 30,
KLGOLD.COM TSX:KL NYSE:KL HOLT – Q3 & 9M 2017 OPERATING RESULTS 22
KLGOLD.COM TSX:KL NYSE:KL TAYLOR – Q3 & 9M 2017 OPERATING RESULTS 23
KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE – Q3 & 9M 2017 OPERATING RESULTS 24 Total ore milled (t) 143,326 428,599 Average grade (g/t) 14.1 14.2 Recovery (%) 94.7 94.4 Ounces produced 61,535 184,688 Development metres - operating 842 2,017 Development metres - capital 1,362 3,327 Operating cash costs per ounce sold $295 $281 All-in sustaining costs ($/oz sold) $574 $501 Total capital expenditures (in thousands) $18,689 $41,099 Operating results Three and nine months ended September 30, 2017
KLGOLD.COM TSX:KL NYSE:KL COSMO1 – Q3 & 9M 2017 OPERATING RESULTS 25 (1) Cosmo mine was placed on care and maintenance effective June 30, 2017
KLGOLD.COM TSX:KL NYSE:KL BALANCE SHEET – SEPTEMBER 30, 20171 26 1) See Kirkland Lake Gold Q3 2017 Financial Report dated November 2, 2017 for additional details related to the Company’s most recent balance sheet
KLGOLD.COM TSX:KL NYSE:KL NI 43-101 DISCLOSURE Kirkland Lake Gold Qualified Person and QA/QC All production information and other scientific and technical information in this presentation with respect to Kirkland Lake Gold and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s mining staff under the supervision of, Pierre Rocque P. Eng., Kirkland Lake Gold’s Vice President, Canadian Operations or Ian Holland, Vice President, Australian Operations. The exploration programs across Kirkland Lake Gold’s land holdings in Kirkland Lake were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s geological staff under the supervision of Doug Cater, P.Geo., the Company’s Vice President of Exploration, Canadian Operations or John Landmark, Vice President, Exploration, Australian. All reserve and resource estimates for the Kirkland Lake Properties as at December 31, 2014 have been audited and verified, and the technical disclosure has been approved, by Kirkland Lake Gold’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under NI 43-101. The QP’s for the mineral reserves and resources outlined under the PDFZ Properties are Doug Cater, P. Geo, and, Pierre Rocque P. Eng., the Vice President of Technical Services respectively. Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. REFER TO KIRKLAND LAKE GOLD ANNUAL INFORMATION FORM DATED MARCH 30, 2017, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN. All updated NI 43-101 TECHNICAL REPORTS IN SUPPORT OF THE COMPANY’S NEWS RELEASES ISSUED ON MARCH 30, 2017, ENTITLED “KIRKLAND LAKE GOLD INCREASES MINERAL RESERVES AT FLAGSHIP MACASSA MINE BY 37% AND FOSTERVILLE MINE BY 66%” WHICH WAS FILED ON MARCH 30, 2017 ON SEDAR AT WWW.SEDAR.COM Qualified Persons Pierre Rocque, P.Eng., Vice President, Canadian Operations is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Reserves technical information and data for all Kirkland Lake Gold assets in this News Release. Simon Hitchman, FAusIMM (CP), MAIG, Principal Geologist, Troy Fuller, MAIG, Geology Manger and Ion Hann, FAusIM, Mining Manager, are “qualified person” as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data from the Australian Assets included in this News Release. Doug Cater, P. Geo Vice President, Exploration, Canada is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Resources technical information and data for the Canadian Assets included in this News Release. 27 Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates All resource and reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101 and the CIM Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve or is or will ever be economically or legally mineable or recovered.
KLGOLD.COM TSX:KL NYSE:KL 200 Bay Street, Suite 3120 RBC Plaza - South Tower Toronto ON M5J 2J1 Main Telephone: 416-840-7884 Mark Utting, VP of Investor Relations E: mutting@klgold.com 28

More Related Content

PDF
Pms september152017v3
bykirklandlakegoldltd
 
PDF
Pms september152017v2
bykirklandlakegoldinc
 
PDF
Marketing september72017
bykirklandlakegoldinc
 
PDF
Vir conference aug342017aug3final
bykirklandlakegoldinc
 
PDF
November2017nov262017
bykirklandlakegoldltd
 
PDF
Td presentation klgoldjan172018
bykirklandlakegoldltd
 
PDF
Bmo feb242018v2
bykirklandlakegoldltd
 
PDF
Q1 17 investor presentation april 21 final
bykirklandlakegoldinc
 
Pms september152017v3
bykirklandlakegoldltd
 
Pms september152017v2
bykirklandlakegoldinc
 
Marketing september72017
bykirklandlakegoldinc
 
Vir conference aug342017aug3final
bykirklandlakegoldinc
 
November2017nov262017
bykirklandlakegoldltd
 
Td presentation klgoldjan172018
bykirklandlakegoldltd
 
Bmo feb242018v2
bykirklandlakegoldltd
 
Q1 17 investor presentation april 21 final
bykirklandlakegoldinc
 

What's hot

PDF
Bmo march42018
bykirklandlakegoldltd
 
PDF
Q2 earnings call slides august 2 complete
bykirklandlakegoldltd
 
PDF
January 2017 Investor Presentation
bykirklandlakegoldltd
 
PDF
Q4 earnings call slides feb212018 final 2
bykirklandlakegoldltd
 
PDF
Kirkland lake gold investor presentation jan23 cibc final
bykirklandlakegoldinc
 
PDF
Kirkland lake gold investor presentation jan23 cibc final
bykirklandlakegoldinc
 
PDF
Great panther silver_limited_corporate_presentation_june_7_2017
byGreat Panther Silver Limited
 
PDF
Q3 earnings call slides nov22017 v3
bykirklandlakegoldltd
 
PDF
Corporate Presentation - May 24, 2017
byGreat Panther Silver Limited
 
PDF
2017 06-08 great-panther_silver_limited_corporate_presentation
byGreat Panther Silver Limited
 
PDF
2017 06-16 great-panther_silver_limited_corporate_presentation
byGreat Panther Silver Limited
 
PDF
Great panther silver_limited_corporate_presentation_may_3_2017
byGreat Panther Silver Limited
 
PDF
Denver Gold Forum
byAgnico Eagle Mines
 
PDF
Corporate Update - August 2013
byAgnico Eagle Mines
 
PDF
Great Panther Corporate Presentation April 2017
byGreat Panther Silver Limited
 
PDF
BMO Capital Markets – Global Metals & Mining Conference
bykirklandlakegoldltd
 
PDF
Corporate Update - September 2013
byAgnico Eagle Mines
 
PDF
Vir conference june272018
bykirklandlakegoldinc
 
PDF
Hecla apr13invpres
byCompany Spotlight
 
PDF
Building a manageable gold business zurich nov7
byAgnico Eagle Mines
 
Bmo march42018
bykirklandlakegoldltd
 
Q2 earnings call slides august 2 complete
bykirklandlakegoldltd
 
January 2017 Investor Presentation
bykirklandlakegoldltd
 
Q4 earnings call slides feb212018 final 2
bykirklandlakegoldltd
 
Kirkland lake gold investor presentation jan23 cibc final
bykirklandlakegoldinc
 
Kirkland lake gold investor presentation jan23 cibc final
bykirklandlakegoldinc
 
Great panther silver_limited_corporate_presentation_june_7_2017
byGreat Panther Silver Limited
 
Q3 earnings call slides nov22017 v3
bykirklandlakegoldltd
 
Corporate Presentation - May 24, 2017
byGreat Panther Silver Limited
 
2017 06-08 great-panther_silver_limited_corporate_presentation
byGreat Panther Silver Limited
 
2017 06-16 great-panther_silver_limited_corporate_presentation
byGreat Panther Silver Limited
 
Great panther silver_limited_corporate_presentation_may_3_2017
byGreat Panther Silver Limited
 
Denver Gold Forum
byAgnico Eagle Mines
 
Corporate Update - August 2013
byAgnico Eagle Mines
 
Great Panther Corporate Presentation April 2017
byGreat Panther Silver Limited
 
BMO Capital Markets – Global Metals & Mining Conference
bykirklandlakegoldltd
 
Corporate Update - September 2013
byAgnico Eagle Mines
 
Vir conference june272018
bykirklandlakegoldinc
 
Hecla apr13invpres
byCompany Spotlight
 
Building a manageable gold business zurich nov7
byAgnico Eagle Mines
 

Similar to Pms zurich november2017

PDF
Pms zurich november2017nov112017
bykirklandlakegoldltd
 
PDF
GMP Gold Roundtable Conference
bykirklandlakegoldinc
 
PDF
Scotiabank dec42017
bykirklandlakegoldltd
 
PDF
Dgf september212017
bykirklandlakegoldinc
 
PDF
Nyse v5final
bykirklandlakegoldltd
 
PDF
Q1 17 investor presentation may 24 final
bykirklandlakegoldltd
 
PDF
Cibc conference january242018
bykirklandlakegoldltd
 
PDF
Egf april2018
bykirklandlakegoldinc
 
PDF
Baml may152018 deliverynv
bykirklandlakegoldltd
 
PDF
CIBC Investment Conference Presentation Jan 25-27
bykirklandlakegoldltd
 
PDF
Kirkland lake-gold-investor-presentation-feb-bmo-conference-final
bykirklandlakegoldltd
 
PDF
Kirkland lake gold investor presentation feb bmo conference final
bykirklandlakegoldinc
 
PDF
Macassa site visit, may 29, 2018
bykirklandlakegoldltd
 
PDF
Macassasitevisit june202018
bykirklandlakegoldinc
 
PDF
2016 agm presentation final
bykirklandlakegoldltd
 
PDF
July 2018 Marketing Presentation
bykirklandlakegoldltd
 
PDF
Kl gold presentation march 29, 2017
bykirklandlakegoldinc
 
PDF
Duncan going for gold in everything we do
byREDB_East
 
PDF
Kirkland lake gold investor presentation jan 2017
bykirklandlakegoldinc
 
PDF
Q1 2018 conference call and webcast
bykirklandlakegoldltd
 
Pms zurich november2017nov112017
bykirklandlakegoldltd
 
GMP Gold Roundtable Conference
bykirklandlakegoldinc
 
Scotiabank dec42017
bykirklandlakegoldltd
 
Dgf september212017
bykirklandlakegoldinc
 
Nyse v5final
bykirklandlakegoldltd
 
Q1 17 investor presentation may 24 final
bykirklandlakegoldltd
 
Cibc conference january242018
bykirklandlakegoldltd
 
Egf april2018
bykirklandlakegoldinc
 
Baml may152018 deliverynv
bykirklandlakegoldltd
 
CIBC Investment Conference Presentation Jan 25-27
bykirklandlakegoldltd
 
Kirkland lake-gold-investor-presentation-feb-bmo-conference-final
bykirklandlakegoldltd
 
Kirkland lake gold investor presentation feb bmo conference final
bykirklandlakegoldinc
 
Macassa site visit, may 29, 2018
bykirklandlakegoldltd
 
Macassasitevisit june202018
bykirklandlakegoldinc
 
2016 agm presentation final
bykirklandlakegoldltd
 
July 2018 Marketing Presentation
bykirklandlakegoldltd
 
Kl gold presentation march 29, 2017
bykirklandlakegoldinc
 
Duncan going for gold in everything we do
byREDB_East
 
Kirkland lake gold investor presentation jan 2017
bykirklandlakegoldinc
 
Q1 2018 conference call and webcast
bykirklandlakegoldltd
 

Recently uploaded

PDF
Investors Deck of the Caribbean Development Bank
byCaribbean Development Bank
 
PDF
DNYC - Digital Payments and Fintech in Emerging Markets
byDaniela Sozzi
 
PDF
OR Royalties Inc. - Q3 2025 Results, November 6, 2025
byOR Royalties Inc.
 
PDF
TIM Group - 9M 2025 Results – Presentation Slide
byGruppo TIM
 
PPTX
Linac and Cobalt tele therapy machine.pptx
byTARINI37
 
DOCX
Top Meme Coins 2025 – Who Might Dominate?
bymemecoinist83
 
PDF
KANONIC Pitch Deck (Last updated: 7th November 2025)
byElianMcCarron2
 
PDF
OR Royalties Inc. - Corporate presentation, November 2025
byOR Royalties Inc.
 
PDF
Leonardo 3Q/9M 2025 Results Presentation
byLeonardo
 
PDF
Collective Mining | Corporate Presentation - November 2025
byCollective Mining
 
PPTX
CANSLIM_Investing_strategymarket leaders.pptx
byteejaytarun2
 
PPTX
YIP 8.0 FOR INNOVATORS........................................
byAl-Shifa College of Paramedical Science,Perinthalmanna
 
PDF
AMG Quarterly Slides_Q3 2025_November 5 2025
bygstubel
 
Investors Deck of the Caribbean Development Bank
byCaribbean Development Bank
 
DNYC - Digital Payments and Fintech in Emerging Markets
byDaniela Sozzi
 
OR Royalties Inc. - Q3 2025 Results, November 6, 2025
byOR Royalties Inc.
 
TIM Group - 9M 2025 Results – Presentation Slide
byGruppo TIM
 
Linac and Cobalt tele therapy machine.pptx
byTARINI37
 
Top Meme Coins 2025 – Who Might Dominate?
bymemecoinist83
 
KANONIC Pitch Deck (Last updated: 7th November 2025)
byElianMcCarron2
 
OR Royalties Inc. - Corporate presentation, November 2025
byOR Royalties Inc.
 
Leonardo 3Q/9M 2025 Results Presentation
byLeonardo
 
Collective Mining | Corporate Presentation - November 2025
byCollective Mining
 
CANSLIM_Investing_strategymarket leaders.pptx
byteejaytarun2
 
YIP 8.0 FOR INNOVATORS........................................
byAl-Shifa College of Paramedical Science,Perinthalmanna
 
AMG Quarterly Slides_Q3 2025_November 5 2025
bygstubel
 

Pms zurich november2017

  • 1.
    Precious Metals Summit,Zurich November 7-8, 2017 KLGOLD.COM TSX: KL NYSE: KL HIGH-GRADE GOLD PRODUCTION | FINANCIAL STRENGTH | GROWTH
  • 2.
    KLGOLD.COM TSX:KL NYSE:KL FORWARD LOOKING STATEMENTS CautionaryNote Regarding Forward-Looking Information This presentation contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's disclosure materials; and (iii) future exploration plans (iv) the temporary suspension of operations at the Cosmo Mine and the anticipated effects thereof . Investors are cautioned that forward-looking information is not based on historical facts but instead reflect KL Gold’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability of Kirkland Lake Gold to successfully integrate the operations and employees of its Canadian and Australian operations, and realize synergies and cost savings, and to the extent, anticipated; the potential impact on exploration activities; the potential impact on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the merger; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold , including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the year ended December 31, 2017 and their interim financial reports and related MD&A for the quarters ended March 31, June 30 and September 30, 2017 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. All dollar amounts in this presentation are expressed in U.S. Dollars unless otherwise noted. Use of Non-GAAP Measures This Presentation refers to average realized price, operating costs, all-in sustaining costs per ounce of gold sold, free cash flow and cash costs of production because certain readers may use this information to assess the Company’s performance and also to determine the Company’s ability to generate cash flow. This data is furnished to provide additional information and are non-GAAP measures and do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”). These measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs presented under IFRS. Refer to each Company’s most recent MD&A for a reconciliation of these measures. 2
  • 3.
    KLGOLD.COM TSX:KL NYSE:KL KIRKLAND LAKE GOLD(TSX:KL, NYSE:KL) 3 High-grade, low- cost production Strong free cash flow Focused on increasing shareholder value Extensive organic growth
  • 4.
    KLGOLD.COM TSX:KL NYSE:KL HIGH-GRADE GOLD PRODUCTIONIN CANADA AND AUSTRALIA 4 2 Key Drivers of Performance – 76% of 9M 2017 Production 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 Consolidated 9M/17 Production 429,822 oz On track to meet 2017 guidance of 580,000 – 595,000 ozs 2017 Outlook Fosterville Macassa Consolidated P&P Reserve Grade (g/t Au) 17.9 20.8 9M 2017 production (ounces) 184,688 142,628 429,822 H1 2017 Operating Costs ($/Oz Sold)1,2 295 516 508 1) See Non-GAAP Measures sections in forward looking statements 2) Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.31 and a USD to AUD exchange rate of 1.31. See Kirkland Lake Gold News release dated 2, 2017
  • 5.
    KLGOLD.COM TSX:KL NYSE:KL 1) Operating CashCosts per ounce and AISC per ounce are examples of Non-GAAP measures. Please see the Non-GAAP Measures section in forward looking statements on Slide 2. In addition, please see Kirkland Lake Gold’s News Release dated November 2, 2017 and Q3 2017 MD&A for additional reporting details related to Operating Cash Costs per ounce and AISC per ounce results 2) Operating Cash Costs per ounce and AISC per ounce guidance reflects an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.33. Operating Cash Costs per ounce and AISC per ounce results in 9M 2017 reflect an average USD to CAD exchange rate of 1.31 and USD to AUD exchange rate of 1.31. See Kirkland Lake Gold News release dated November 2, 2017 3) Effective June 30, 2017, Kirkland Lake Gold suspended production at the Cosmo Mine, allowing the Company to focus its activities on an aggressive resource definition and exploration program at the mine. The Cosmo Mine will be maintained in a state of readiness to allow operations to recommence in the event that exploration, resource definition and development planning are successful in enhancing the economic viability of the mine 5 At September 30/17 CANADIAN OPERATIONS AUSTRALIAN OPERATIONS $ million unless otherwise states Macassa Holt Taylor Fosterville Cosmo3 Consolidated 2017 Guidance Gold Production (ozs)1 142,628 47,414 34,223 184,688 $20,595 429,8222 580,000 – 595,000 Operating cash costs ($/oz)1,2 $516 $708 $625 $281 $1,661 $508 $475 – $500 AISC ($/oz)1,2 $811 $800 – $825 Operating cash costs $217.0 $270 – $280 Capital expenditures $105.9 $160 – $180 Exploration $37.7 $45 – $55 Royalty cost $15.2 $20 – $25 G & A $15.6 $20 ON TRACK TO ACHIEVE 2017 GUIDANCE 2017 Guidance Macassa Holt Taylor Fosterville Cosmo3 Consolidated Gold Production (ozs)1 190,000 – 195,000 65,000 – 70,000 50,000 – 55,000 250,000 – 260,000 20,000 580,000 – 595,000 Operating cash costs ($/oz)1,2 520 – 550 670 – 725 575 625 260 – 280 1,500 – 1,600 $475 – $500
  • 6.
    KLGOLD.COM TSX:KL NYSE:KL 6 SOLID FINANCIAL POSITION CAPITALSTRUCTURE & OWNERSHIP Issued & Outstanding (at November 2/17) 207.6 million Market Cap. (NYSE) ($13.27) (Nov. 2/17) (TSX) (C$17.11) (Nov. 2/17) US$2.8 billion C$3.6 billion Daily Avg. Volume – 30 day (November 2/17) 1.6 million shares Insider Ownership (Eric Sprott) >10% 1) Refers to cash and cash equivalents 2) After impact of $61.0 million investment to acquire 18.2% interest in Novo Resources Corp. and $39.5 million to repurchase 3.9 million KL common shares TSX:KL S&P/TSX Global Gold Index KL outperforming peers (shares up ~130% 2017 YTD)Strong Cash Position, Deploying Cash for Value STRONG BALANCE SHEET Cash1,2 (at Sept. 30/17) $211 million Convertible Debentures (at Sept. 30/17) $49 million KGI.DB.A: 7.5% C$13.70 Conv. Price C$62M mature Dec 2017 Free cash flow – 9M 2017 $114 million Cash flow from operations – H1 2017 $206 million
  • 7.
    KLGOLD.COM TSX:KL NYSE:KL 7 FOCUSED ON GROWINGSHAREHOLDER VALUE  REPURCHASING SHARES o NCIB1 up to 10% of issued & O/S shares (15.2M shares), ~4.9M shares repurchased to date for $51.9 million  ELIMINATING DEBT o Paid $44 million to repay 6% conv. debentures on June 30/17 o CAD$62 million 7.5% conv. debenture due Dec. 31/17, conversion price CAD$13.70  BUILDING CASH o Generated $113.5M of free cash flow in 9M 2017 o $211 million of cash and cash equivalents at September 30, 2017 1) Refers to Normal Course Issuer Bid, please see Kirkland Lake Gold press release dated May 15, 2017.  INTRODUCED QUARTERLY DIVIDEND, PAYMENT BEING DOUBLED o Paid first quarterly dividend of $0.01 per share on July 14, 2017 o Second quarterly dividend of $0.01 per share to be paid October 16, 2017 o Dividend increasing to $0.02/share in December 2017  STRONG OPERATING PERFORMANCE o Increased production/cost guidance 3 times in 2017 (429,822 ozs @ AISC of $811/oz in 9M 2017) o Disciplined approach to business performance (closed 3 mines)
  • 8.
    KLGOLD.COM TSX:KL NYSE:KL 8 FOCUSED ON GROWINGSHAREHOLDER VALUE  ACHIEVING EXPLORATION SUCCESS o Large gold systems at Fosterville and Macassa o Growing Swan Zone at Fosterville (Swan reserve: 532 koz @ 58.8 g/t cut grade) o Potential for repeat of Swan Zone mineralization in Lower Harrier at Fosterville o Extending South Mine Complex at Macassa o Discovering new areas of gold mineralization at Taylor  INCREASING RESERVES AND RESOURCES o Increased Macassa reserve 37% at Dec. 31/16 to ~2M ozs o Fosterville reserve increased 110% at June 30/17 to >1.0M ozs  STRATEGIC INVESTMENTS o Novo Resources Corp. – Large, near-surface gold system hosted by sequence of conglomerate beds o Bonterra/Metanor – Emerging gold camp in Western Quebec
  • 9.
    KLGOLD.COM TSX:KL NYSE:KL 9 MACASSA: HIGH-GRADE, LONG-LIFERESERVE 38,929 42,866 52,318 48,723 45,699 48,206 12.2 13.7 16.3 17.1 13.9 16.5 10 11 12 13 14 15 16 17 18 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 30,000 35,000 40,000 45,000 50,000 55,000 GoldProduction(ozs) GoldGrade(g/t) $959 $834 $782 $793 $842 $546 $421 $514 $512 $522 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Production Costs US$/oz2,3 AISC OCC 1) See the Company’s MD&A for the three and nine months ended September 30, 2017 for more information about Macassa’s operating performance. See Slide 2 for information on “Non-GAAP” measures. 2) Refer to appendix for NI 43-101 disclosure Long-Life Reserve/Large Resource Base (As of Dec 31, 2016)2 P&P reserves 2.01M oz @ 20.8 g/t gold (3.0 Mt) M&I resources 1.32M oz @ 16.6 g/t Au (2.24Mt) Extensive surface and underground drilling underway. High-Grade Production1 Low-Cost, High-Margin Ounces1 9M 2017: 142,600 ozs 289.9 kt @ 15.7 g/t 2017 Guidance Production: 190 – 195 koz; Cash costs: $520 – $550/oz Cost/tonne: C$314/tonne Q3 2017 vs C$336/tonne Q2 2017 YTD 2017: CC: $514/oz; AISC: $804/oz
  • 10.
    KLGOLD.COM TSX:KL NYSE:KL REGIONAL EXPLORATION ACROSSA PROLIFIC TREND 1) See Kirkland Lake Gold News Release dated June 28, 2017 for more information  Significant expansion potential down dip, along strike  Recent drilling extending South Mine Complex (“SMC”) 259m to east (key intercepts: 19.2 g/t over 0.9m, 160.3 g/t over 0.3m)  Recent highlight results along the easterly strike of the SMC include: 651.8 g/t gold over 3.8m, 102.5 g/t gold over 3.2m and 100.5 g/t gold over 1.6m 10
  • 11.
    KLGOLD.COM TSX:KL NYSE:KL 11 37,245 36,967 44,406 46,083 77,069 61,535 7.5 6.9 8.5 11.1 17.2 14.1 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 Q22016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 20,000 30,000 40,000 50,000 60,000 70,000 80,000 GoldProduction(ozs) GoldGrade(g/t) $765 $641 $571 $388 $574 $471 $420 $354 $220 $295 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Production Costs US$/oz AISC OCC 1) See the Company’s MD&A for the three and nine months ended September 30, 2017 dated November 2, 2017 for more information on Fosterville’s operating performance. (See Slide 2 for information regarding Non-GAAP measures). High-Grade Production Low-Cost, High-Margin Ounces 9M 2017: 184,700 ozs 428.6 kt @ 14.2 g/t Long-Life Reserve/Large Resource Base (As of Dec 31, 2016)1 P&P reserves 1.03M oz @ 17.9 g/t gold (1.79 Mt) M&I resources 1.94M oz @ 4.4 g/t Au (13.7 Mt) Inferred resources 1.04M oz @ 5.8 g/t (5.56 Mt) 2017 Guidance Production: 250 – 260 koz; Cash costs: $260 – $280/oz YTD 2017: CC: $281/oz; AISC: $501/oz Cost/tonne: C$181/tonne Q3 2017 vs C$165/tonne Q2 2017 • FOSTERVILLE: SOLID Q3, FOLLOWED BY RECORD OCTOBER
  • 12.
    KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: UNDERGROUND MINERALRESERVE INCREASES 110% JUNE 2017 DECEMBER 2016 TONNES (000’S) GRADE (g/t) OUNCES (kozs) TONNES (000’S) GRADE (g/t) OUNCES (kozs) Underground 2P 1,790 17.9 1,030 1,560 9.8 490 June 2017 Mineral Resources (Exclusive of Reserves) JUNE 2017 TONNES GRADE (g/t) OUNCES (kozs) Underground M+I 13,700 4.4 1,940 Underground Inf 5,560 5.8 1,040  Underground mineral reserves more than doubled to 1,030,000 ozs  Underground reserve grade increased 83% to 17.9 g/t Au • Swan mineral reserve: 532 koz at 58.8 g/t Au • Swan mineral resources: Indicated 8 koz at 86.7 g/t Au, Inferred 56 koz at 56.0 g/t June 2017 Mineral Reserves 1) CIM definitions (2014) were followed in the calculation of Mineral Reserves 2) Mineral Reserves were estimated using a long-term gold price of US$1,200/oz (A$1,500/oz) 3) Cut-off grades varied from 2.0 g/t Au to 3.1 g/t Au, depending upon width, mining method and ground conditions; Dilution varies from 5 to 40 % and mining recovery ranging between 60 – 100% were applied to stopes within the Mineral Reserve estimate 4) Mineral Reserves estimates were prepared under the supervision of Ion Hann, FAusIMM 5) Fosterville CIL Residues are stated as Proven contained ounces. Mill recoveries of 25% are planned, based on operating performance 6) Mineral Resources were estimated using cut-off grades 0.7 g/t Au for oxide and 1.0 g/t Au for sulfide mineralization to potentially open-pitable depths of approximately 100m, below which a cut-off grade of 3.0 g/t Au was used 7) Mineral Resource estimates were prepared under the supervision of Troy Fuller, MAIG; 8) Totals may not add exactly due to rounding 12
  • 13.
    KLGOLD.COM TSX:KL NYSE:KL 13 FOSTERVILLE – UPDATEDJUNE 2017 RESERVES Lower Phoenix North Lower Phoenix Swan Zone Harrier South
  • 14.
    KLGOLD.COM TSX:KL NYSE:KL 14 SWAN ZONE –NEW EXTENSIONS TO HIGH-GRADE ZONE
  • 15.
    KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: IN-MINE EXPLORATION 15 Focus on accelerating conversion in three production horizons – Lower Phoenix (Swan), Lower Phoenix North and Harrier South  Significant step-out drilling along plunge at Swan Zone  2017 program consists of underground development, drilling and geophysics/geochemistry
  • 16.
    KLGOLD.COM TSX:KL NYSE:KL 16 Swan Zone Planned Step-Out Drilling LowerPhoenix Harrier South First Hole in Progress Planned development • FOSTERVILLE: DRILLING DOWN-PLUNGE AT SWAN ZONE
  • 17.
    KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE: LARGE OREDEPOSIT EXPLORATION (“LODE”) 17  Mining lease (MIN5404:~17km2) contains o ~10km strike length of Mineral Resources o ~7km on Fosterville Fault Line, and o ~3km on the O’Dwyer’s Fault Line.  Surrounding exploration leases encompass o ~505km2 and o ~60km potential gold-structures on 7 interpreted fault lines.  5 of the 7 lines contain known gold occurrences with historic resources and/or historic workings.  FGM processing plant within 30km of prospective targets. FGM Mill  LODE program proposed in aggressive 2-year exploration of EL3539
  • 18.
    KLGOLD.COM TSX:KL NYSE:KL KIRKLAND LAKE GOLD(TSX:KL, NYSE:KL) 18 High-grade, low- cost production Strong free cash flow Focused on increasing shareholder value Extensive organic growth
  • 19.
    APPENDIX Notes, additional disclosureand other information KLGOLD.COM TSX:KL NYSE:KL
  • 20.
    KLGOLD.COM TSX:KL NYSE:KL BOARD OF DIRECTORS 20 Boardof Directors Eric Sprott Chairman of the Board Anthony Makuch President & CEO Barry Olson Independent Pamela Klessig Independent Jeffrey Parr Independent Raymond Threlkeld Independent Jonathan Gill Independent Arnold Klassen Independent
  • 21.
    KLGOLD.COM TSX:KL NYSE:KL MACASSA – Q3& 9M 2017 OPERATING RESULTS 21 Operating results 2017 2016 2017 2016 Total ore milled (t) 93,391 100,357 289,935 289,118 Run of mine (t) 92,377 81,462 267,924 256,607 Low grade (t) 1,014 18,895 22,011 32,511 Average grade (g/t) 16.5 13.7 15.7 13.6 Run of mine tonnes 16.6 16.5 16.9 15.2 Low grade tonnes 2.0 1.5 1.6 1.6 Recovery (%) 97.4 96.9 97.2 97.0 Ounces produced 48,206 42,866 142,628 122,849 Development metres - operating 1,128 1,310 2,632 2,930 Development metres - capital 1,334 1,619 4,418 2,620 Operating cash costs per ounce sold $522 $546 $516 $569 All-in sustaining costs ($/oz sold) $842 $918 $804 $894 Total capital expenditures (in thousands) $15,091 $13,988 $39,360 $34,440 Three months ended September 30, Nine months ended September 30,
  • 22.
    KLGOLD.COM TSX:KL NYSE:KL HOLT – Q3& 9M 2017 OPERATING RESULTS 22
  • 23.
    KLGOLD.COM TSX:KL NYSE:KL TAYLOR – Q3& 9M 2017 OPERATING RESULTS 23
  • 24.
    KLGOLD.COM TSX:KL NYSE:KL FOSTERVILLE – Q3& 9M 2017 OPERATING RESULTS 24 Total ore milled (t) 143,326 428,599 Average grade (g/t) 14.1 14.2 Recovery (%) 94.7 94.4 Ounces produced 61,535 184,688 Development metres - operating 842 2,017 Development metres - capital 1,362 3,327 Operating cash costs per ounce sold $295 $281 All-in sustaining costs ($/oz sold) $574 $501 Total capital expenditures (in thousands) $18,689 $41,099 Operating results Three and nine months ended September 30, 2017
  • 25.
    KLGOLD.COM TSX:KL NYSE:KL COSMO1 – Q3 &9M 2017 OPERATING RESULTS 25 (1) Cosmo mine was placed on care and maintenance effective June 30, 2017
  • 26.
    KLGOLD.COM TSX:KL NYSE:KL BALANCE SHEET –SEPTEMBER 30, 20171 26 1) See Kirkland Lake Gold Q3 2017 Financial Report dated November 2, 2017 for additional details related to the Company’s most recent balance sheet
  • 27.
    KLGOLD.COM TSX:KL NYSE:KL NI 43-101 DISCLOSURE KirklandLake Gold Qualified Person and QA/QC All production information and other scientific and technical information in this presentation with respect to Kirkland Lake Gold and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s mining staff under the supervision of, Pierre Rocque P. Eng., Kirkland Lake Gold’s Vice President, Canadian Operations or Ian Holland, Vice President, Australian Operations. The exploration programs across Kirkland Lake Gold’s land holdings in Kirkland Lake were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s geological staff under the supervision of Doug Cater, P.Geo., the Company’s Vice President of Exploration, Canadian Operations or John Landmark, Vice President, Exploration, Australian. All reserve and resource estimates for the Kirkland Lake Properties as at December 31, 2014 have been audited and verified, and the technical disclosure has been approved, by Kirkland Lake Gold’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under NI 43-101. The QP’s for the mineral reserves and resources outlined under the PDFZ Properties are Doug Cater, P. Geo, and, Pierre Rocque P. Eng., the Vice President of Technical Services respectively. Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. REFER TO KIRKLAND LAKE GOLD ANNUAL INFORMATION FORM DATED MARCH 30, 2017, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN. All updated NI 43-101 TECHNICAL REPORTS IN SUPPORT OF THE COMPANY’S NEWS RELEASES ISSUED ON MARCH 30, 2017, ENTITLED “KIRKLAND LAKE GOLD INCREASES MINERAL RESERVES AT FLAGSHIP MACASSA MINE BY 37% AND FOSTERVILLE MINE BY 66%” WHICH WAS FILED ON MARCH 30, 2017 ON SEDAR AT WWW.SEDAR.COM Qualified Persons Pierre Rocque, P.Eng., Vice President, Canadian Operations is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Reserves technical information and data for all Kirkland Lake Gold assets in this News Release. Simon Hitchman, FAusIMM (CP), MAIG, Principal Geologist, Troy Fuller, MAIG, Geology Manger and Ion Hann, FAusIM, Mining Manager, are “qualified person” as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data from the Australian Assets included in this News Release. Doug Cater, P. Geo Vice President, Exploration, Canada is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Resources technical information and data for the Canadian Assets included in this News Release. 27 Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates All resource and reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101 and the CIM Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve or is or will ever be economically or legally mineable or recovered.
  • 28.
    KLGOLD.COM TSX:KL NYSE:KL 200 Bay Street,Suite 3120 RBC Plaza - South Tower Toronto ON M5J 2J1 Main Telephone: 416-840-7884 Mark Utting, VP of Investor Relations E: [email protected] 28