|By Marketwired .||
|May 27, 2014 02:00 AM EDT||
KIRKLAND LAKE, ONTARIO -- (Marketwired) -- 05/27/14 -- Kirkland Lake Gold Inc. (TSX: KGI)(AIM: KGI) (the "Company"), an operating and exploration gold mining company, announces it has appointed Chris Stewart P. Eng as Vice President, Operations.
Mr. George Ogilvie, President and CEO commented, "I have worked with Chris in the past and have a high regard for his business-minded strategic planning skills, proven track record in operational turnaround skills, management capabilities, and commitment to mine safety. Having spent the last four months on site working with the operations team to develop a new lower tonnage, higher grade mining plan and strategy, now is the appropriate time to appoint Chris to lead the operations team in executing these plans successfully to return the Company to profitability."
Chris is a mining engineer with more than twenty years of experience developing and operating mines in Northern Ontario. Most recently, Chris was the President and CEO of Liberty Mines Inc. (now Northern Sun Corp.) where he successfully implemented a turnaround strategy which included resolving significant environmental and operational issues and then leading the company back into production on time and on budget. Previously, Chris held various senior-level management positions at Lake Shore Gold, BHP Billiton, DMC Mining Services, and Dynatec Corporation. Chris earned his Bachelor's Degree in Mining Engineering from Queens University in 1992, his Ontario Professional Engineer designation in 1995, and is a member of Professional Engineers Ontario, Ontario Society of Professional Engineers and Canadian Institute of Mining, Metallurgy and Petroleum.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements
This Press Release contains statements which constitute "forward-looking statements", including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking statements used in this Press Release include, but may not be limited to, statements regarding the Company's production capacity and its exploration program. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company's business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are
inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate mineral resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, risks related to joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2013 and the Company's Management's Discussion and Analysis for the interim period ended January 31, 2014 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 statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
Kirkland Lake Gold Inc.
George Ogilvie, P.Eng
+1 709 532 5716
+1 705 568 6444 (FAX)
Kirkland Lake Gold Inc.
Director of Investor Relations
+1 705 568 6444 (FAX)
NOMAD: Panmure Gordon (UK) Limited
Callum Stewart / Adam James
+44 (0) 20 7886 2500
Tim Blythe/Halimah Hussain/Camilla Horsfall
+44 (0) 20 7138 3204