Please login or register to join our webinar.

E-mail address:
Password:
Forgot your password?
Log in
REGISTRATION
Home > Mining Companies > Kirkland Lake Gold Ltd. > News > Kirkland Lake Gold Declares...
Kirkland Lake Gold Ltd.

Kirkland Lake Gold Declares Quarterly Dividend Payment

Dec 16, 2020
TORONTO, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment for the fourth quarter of 2020 (“Q4 2020”) of US$0.1875 per common share will be paid on January 14, 2021 to shareholders of record as of the close of business on December 31, 2020. The US$0.1875 per share payment represents a 50% increase in the quarterly dividend from the previous payment of US$0.125 per share, paid on October 14, 2020 to shareholders of record on September 30, 2020. The Q4 2020 payment represents the 15th 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. For Canadian shareholders, the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on January 13, 2021, the day prior to the payment date.
 
Returning capital to shareholders is an important strategic priority for Kirkland Lake Gold. To date in 2020, the Company has paid $116 million in dividend payments. The Company has also repurchased a total of 16.2 million shares through its normal course issuer bid for $618 million (C$830 million). In total, the Company has returned $734 million, or $2.71 per share, to shareholders so far in 2020 through dividend payments and share repurchases. The $734 million returned to shareholders represents $734 per ounce of production during the first nine months of 2020 (1,000,218 ounces).
 
About Kirkland Lake Gold Ltd.
 
Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that is on track to produce 1,350,000 – 1,400,000 ounces of gold in 2020. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern 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 expertise.
 
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website at www.kl.gold.
 
FOR FURTHER INFORMATION, PLEASE CONTACT:
 
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
 
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
Website : www.kl.gold
 

Source: https://www.kl.gold/news-and-media/press-release-details/2020/Kirkland-Lake-Gold-Declares-Quarterly-Dividend-Payment-88ea4b8e4/default.aspx

Latest news
Kirkland Lake Gold Introduces Automatic Share Purchase Plan
Kirkland Lake Gold Declares Quarterly Dividend Payment
Kirkland Lake Gold Renews Normal Course Issuer Bid
Kirkland Lake Announces Results Of Annual General Meeting Of Shareholders
Kirkland Lake Gold Reports Solid Q1 2021 Results
View More News
Magazine
May 18, 2020
Magazine
Inside this issue
Digital edition
Career Opportunities
ASSET PROTECTION CONTROL ROOM GUARD

Based at the Detour Lake Mine site, we currently have an exciting opportunity for a Asset Protection Control Room Guard to join our Asset Protection team reporting to the Asset Protection Supervisor.  
SHAREPOINT DEVELOPER

We currently have an exciting opportunity for a SharePoint Developer to join our Business Intelligence Team. 
MINE PLANNING TECHNICIAN TRAINEE

Based at the Detour Lake Mine site, we currently have an exciting opportunity for a Mine Planning Technician Trainee to join our Technical Services team reporting to the Mine Planning Superintendent. 
SENIOR MINE GEOLOGIST

Based at the Canadian Operations Centre in Timmins, ON, we currently have an exciting opportunity for a Senior Mine Geologist to join our Geology team reporting to the Geology Superintendent.  
PROCESS PLANT RELIABILITY ENGINEER

Based at the Detour Lake Mine site, we currently have an exciting opportunity for a Process Plant Reliability Engineer to join our Process Plant Maintenance team reporting to the Reliability Supervisor.
CORE TECHNICIAN

The Core Technician will be responsible to support the Geology departments by processing and sampling/cutting of diamond drill core. 
ASSAYER 1

The Assayer 1 processes Mine Production and Exploration samples for grade control providing vital information in a timely method to assist in key decision making relating to mining/geology activity and reconciling samples entering and exiting the Mill Process.
MINE PLANNER/EIT

The Mine Planner/EIT will be responsible for mine planning within the 3 - 6 month planning interval. 
ASSAYER 2

The Assayer 2 processes Mine Production and Exploration samples for grade control providing vital information in a timely method to assist in key decision making relating to mining/geology activity and reconciling samples entering and exiting the Mill Process.
ASSAYER 3

The Assayer 3 processes Mine Production and Exploration samples for grade control providing vital information in a timely method to assist in key decision making relating to mining/geology activity and reconciling samples entering and exiting the Mill Process.
More Careers