Detour Gold Corporation and Kirkland Lake Gold Ltd. join World Gold Council

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Categories: Gold production

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The World Gold Council, the market development organisation for the gold industry, has welcomed Detour Gold Corporation and Kirkland Lake Gold Ltd. to its Board of Members.

Detour Gold Corporation (“Detour”) is a Canadian mid-tier gold mining company, with expected 2018 production to be between 600,000 and 650,000 ounces. Detour owns and operates the Detour Lake mine, one of the largest gold producing mines in Canada, which has reserves of nearly 16 million ounces of gold.

Kirkland Lake Gold Ltd. is a mid-tier gold producer targeting over 620,000 ounces of gold production in 2018 from mines in Canada and Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential.

David Harquail, Chair of the World Gold Council, commented: “Members of the World Gold Council include the world’s leading and most forward thinking gold mining companies with operations across the globe. I am therefore delighted to welcome both Detour Gold Corporation and Kirkland Lake Gold Ltd to the Board as their support and insights will be highly valued.”

“Detour is pleased to become a member of the World Gold Council, which has been the thought leader in not only expanding the understanding of the benefits of gold but implementing real change, to bring greater access to our unique commodity,” said Paul Martin, President and Chief Executive Officer of Detour Gold Corporation. “We look forward to contributing and supporting the growth of gold around the world through our membership.”

“The World Gold Council plays a critically important role in representing our industry and supporting gold as a mainstream investment across the globe,” said Anthony Makuch, President and Chief Executive Officer of Kirkland Lake Gold. “With two of the world’s highest grade gold mines and a plan to grow annual gold production to more than a million ounces, Kirkland Lake Gold benefits greatly from the Council’s ongoing efforts to make gold more accessible to a broad range of investors, and we are very honoured to be joining this distinguished organisation,” he added.

ENDS

For further information please contact:

Stephanie Mackrell
World Gold Council
T +44 20 7826 4763
E [email protected]

Nicola Surgett
Edelman
T +44 203 047 2587
E [email protected]

Laurie Gaborit
Detour Gold Corporation
T +1 416-304-0581
E [email protected]

Mark Utting
Kirkland Lake Gold Ltd.
T +1 416 840 7884
E [email protected]

Note to editors:

World Gold Council

The World Gold Council is the market development organisation for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, our purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.

We develop gold-backed solutions, services and markets, based on true market insight. As a result, we create structural shifts in demand for gold across key market sectors.

We provide insights into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

Based in the UK, with operations in India, the Far East, Europe and the US, the World Gold Council is an association whose members include the world’s leading and most forward-thinking gold mining companies.

About Detour Gold Corporation

Detour Gold Corporation owns and operates the Detour Lake mine, a long life large-scale open pit operation in the mining-friendly jurisdiction of northern Ontario. Currently, Detour Lake is one of the largest gold producing mines in Canada with reserves of nearly 16 million ounces of gold. Detour Gold is in a position to deliver superior returns with its growing cash flow profile, organic growth initiatives, and significant potential for further exploration discoveries on its large and package. The company is dedicated to responsible mining and to the highest safety and environment standards while having a strong commitment to the communities it operates and lives in.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold is a mid-tier gold producer with target production in 2018 of over 620,000 ounces from mines in Canada and Australia. The production profile of the Company is anchored by two high-grade, low- cost operations, the Macassa Mine located in Northeastern 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 and operational expertise. Kirkland Lake Gold is committed to delivering low-cost production, advancing its exploration and development pipeline, and maintaining a large resource and reserve base of quality assets to foster future production growth. Extensive exploration potential, improved visibility to increase mine life, and excess milling capacity at each operation, positions Kirkland Lake Gold to organically grow production to increase value for its shareholders.