Mining Magazine June 2014 | Page 57

Mining

Company Information

Industry
Mining
founded
2001
employees
250-499
flow . Once this is achieved the company will look to further increases output through self-funded exploration and development of other sources of ore from their current property position . “ The Company ’ s share count of 70 million shares in issue , 83 million fully diluted permits that once the company ’ s production is steady state and generating significant free cash flow significant return on investment would be seen by shareholders ,” says Ogilvie .
With its new business plan in place , the Company has a strong focus on higher grade . The Company expects to return to breakeven and profitability in the next several quarters . Once profitability has been returned any future uplift in the gold price will result in a corresponding uplift in free cash flow , meaning greater return on investment for shareholders . All signs point to Kirkland Lake being a solid investment .
revenue
$ 100M - $ 250M
www . klgold . com 57