IKCEST

Kirkland Lake’s results boosted by Detour mine

Nov 6, 2020

Source: https://www.mining.com/kirkland-lakes-results-boosted-by-detour-mine/

It takes around min to read this article.

Detour Lake is a large-scale open pit mine in northeastern Ontario. (Image courtesy of Detour Gold,)

Canada’s Kirkland Lake Gold (TSX, NYSE:KL) (ASX:KLA) is happy with its acquisition of Detour Gold early this year, as it gained control of the Detour Lake mine in Ontario, which now accounts for more than 40% of the company’s 2020 free cash flow.

“We are extremely pleased with the contribution already being made by Detour Lake mine, which generated $231 million of free cash flow in the first eight months since the transaction,” chief executive Tony Makuch said in the statement.

Original Text (This is the original text for your reference.)

Detour Lake is a large-scale open pit mine in northeastern Ontario. (Image courtesy of Detour Gold,)

Comments

Something to say?

Disclaimer: The translated content is provided by third-party translation service providers, and IKCEST shall not assume any responsibility for the accuracy and legality of the content.