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Kirkland Lake Gold Inc.

09:49 AM EST - Kirkland Lake Gold Inc. : announced production results for the third quarter of its fiscal year 2013 (November, December, January). During the quarter, 73,678 tons of ore were produced at a head grade of 0.32 ounces per ton (opt) and a gold recovery rate of 95.66% to produce 22,261 ounces of gold. Ounces sold during the quarter were 17,389. The difference between ounces produced and ounces sold was due to road closures as a result of an ice storm that delayed the last pour of the quarter (4,271 ounces) from being delivered to the gold refinery where it was to be sold until February 1. These additional ounces will remain in inventory in Q3 and will be sold in Q4. For the year to date, 214,678 tons of ore have been produced at a head grade of 0.29 opt and a gold recovery rate of 95.58% to produce 60,015 ounces of gold. Sold ounces year to date are 59,648. Kirkland Lake Gold Inc.
shares T.KGI are trading down $0.10 at $6.73.