kirkland lake gold inc. - 2014 agm

Annual General Meeting of Shareholders

TSX/AIM: KGI

KIRKLAND LAKE GOLD INC.

October 22, 2014 A Rich History With A Profitable Future

FORWARD LOOKING STATEMENTS

Kirkland Lake Gold Inc. www.klgold.com 2

Cautionary Note Regarding Forward Looking Statements.

This presentation 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 Presentation include, but may not be limited to, statements

regarding the Company’s production forecast including ounces produced and grade assumptions; the

operating costs and all-in cash cost for fiscal 2015; and exploration programs and their results. 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 are discussed in length in the Company's annual Management's

Discussion and Analysis and Annual Information Form for the year ended April 30, 2014. and the

Company’s Management's Discussion and Analysis for the interim period ended July 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.

TSX/AIM: KGI

COMPANY VISION

George Ogilvie, P.Eng., CEO

“We are building a sustainable mining company that is recognized as a safe and responsible intermediate

gold producer.

We will provide exceptional stakeholder value by delivering operational and exploration excellence through empowering our people to act as owners.”


TSX/AIM: KGI

A NEW KIRKLAND LAKE GOLD


Board of Directors Focusing on Improving Governance and

Strategic Planning

New Leadership Team Delivering Positive Operating Results

Focus on Profitable Mining will Ensure Positive Cash

Flow Generation

Improving Transparency and Communication of

Targets

Continuing Exploration to Ensure Future

Growth for KGI

Ensuring Health, Safety and Environmental

Standards are Met or Exceeded

TSX/AIM: KGI

OUR TEAM

EXPERIENCED AND DIVERSE BOARD OF DIRECTORS


New Appointments

Barry Cooper, B.Sc., MBA (Non-executive Director)

• Former head analyst with CIBC

Jeff Parr, CA, BA, MBA (Non-executive Director)

• CFO of Centerra Gold

Barry Olson, M.Sc. (Non-executive Director)

• Former Sr. VP Projects of Goldcorp

Harry Dobson, Chairman of the Board (Non-executive Director)

Dawn Whittaker, LLB (Non-executive Director)

Pamela Klessig, P.Geo (Non-executive Director)

John Thomson, CA

George Ogilvie, P.Eng

TSX/AIM: KGI

SYNERGISTIC EXECUTIVE MANAGEMENT TEAM

GEORGE OGILVIE, P. Eng.

President & CEO, Director

• 25 years management, operating, and

technical expertise in the mining industry

with over 9 years of operating experience

in deep, narrow-vein gold mines (Anglo

Gold, South Africa)

• Former CEO of Rambler Metals and

Mining

JOHN THOMSON, CA

Executive VP and CFO,

Director

• More than 25 years experience in

various senior level finance positions

with companies such as PepsiCo

• Chartered Accountant who studied at

INSEAD

CHRIS STEWART, P. Eng.

VP Operations

• More than 20 years of operating

experience in Northern Ontario in various

senior-level positions. Prior to joining

KGI, was CEO of Liberty Mines Inc.

• Mining Engineering degree from Queen’s

University

Worked together

at Dynatec for

~3.5 years

Worked together at

Rambler for ~ 7 years


TSX/AIM: KGI

SENIOR MANAGEMENT STRENGTH

Stew Carmichael, P.Geo

Manager of Exploration


Amanda Kasner, CPA, CA

Manager of Finance

• Over 27 years of experience, primarily within the Abitibi. Extensive work in the Kirkland Lake

Area. Co-winner of the Ontario Prospectors Award for the South Mine Complex discovery.

• Over 17 years of environmental control experience in the timber and mining industries, with the

last 6 years also providing sustainability and health and safety management.

• Bachelor of Commerce Honors degree from McMaster University, graduating Summa Cum

Laude. Received her CA designation in 2010. Over 16 years of experience in the mining industry.

Suzette N Ramcharan, CPIR

Director of Investor Relations • Over 14 years within the mining industry with the last 8 years in Investor Relations. Experience

with exploration, development and producing companies.

Bryan Neeley

Manager of Health, Safety, Environment and Community

TSX/AIM: KGI

Heather Laxton

Corporate Secretary

• Professional law clerk with over 17 years of corporate governance, corporate secretarial and

securities regulation experience with a focus on the mining industry.

MANAGING THE OPERATIONS

NEW MINE PLAN

OLD

TONNAGE Focused on Quantity

Requirements

• High gold price environment >$1600

• More manpower

• 100’s of stopes in production cycle

• All mineralization into the ore pass

Results

• Grade continued to drop

• Cost increased

• Complex planning and logistics

• Unprofitable

• High cash burn

• Multiple urgent financings

NEW

GRADE Focused on Quality

Requirements

• Not dependent on high gold price

• Less manpower

• Fewer stopes

• Strict ore/ waste management and

dilution control

Results

• Grade has risen significantly

• Cost reduced

• Simplified planning and logistics

• Return to profitability

• Cash flow positive

• Finance at company’s discretion


TSX/AIM: KGI

0.33

0.37

0.45

0.37

-

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Q3 14 Q4 14 Q1 15 Q2 15Estimate

Ave

rag

e H

ea

d G

rad

e

Go

ld O

un

ce

s

Oz Recovered MB Average Head Grade

OPERATIONAL SUCCESS

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

Q3 14 Q4 14 Q1 15 Q2 15Estimate

Go

ld O

un

ce

s

Oz Recovered MB Oz Recovered SMC

Changes to the mine plan have now started to take effect


0.33

0.37

0.45

0.37

Average Head Grade

TSX/AIM: KGI

REVISED MINE PLAN DRIVING DOWN COSTS

$1,094 $1,000

$788 $800

$-

$150

$300

$450

$600

$750

$900

$1,050

$1,200

$1,350

$1,500

$1,650

$1,800

$1,950

Q3/14 Q4/14 Q1/15 Balance of Year Estimate

Royalties

Exploration

Corporate

PP&E

Capital Development

Production


All-In Cash Costs (AICC)

$1,369

$1,376

$1,401

F2015E

(Balance of Year)

Average Realized Gold Sales Price

All figures in Canadian Dollars

TSX/AIM: KGI

0

0.1

0.2

0.3

0.4

-

50,000

100,000

150,000

200,000

250,000

F2014A F2015E F20156E F2017E

Gra

de

(O

un

ce

s p

er

To

n)

Oz Recovered

Guidance Range

Head Grade0.33

0.37 0.39 0.41

ACHIEVABLE GOALS

Ou

nc

es

Re

co

ve

red

122,3

09

Previous

Guidance Gap

14

0,0

00

– 1

55

,00

0

15

0,0

00

– 1

70

,00

0

16

0,0

00

– 1

80

,00

0

Head Grades are Expected

to Increase


TSX/AIM: KGI

EXPLORATION SUCCESS

• Near surface mineralization

is within 2 km’s of mill

• Currently have 3 drills in

operation to expand

resource and perform infill

drilling

• Remains open along strike

and at depth

• Update Reserve and

Resource in early calendar

2015 will feed into a

Preliminary Economic

Assessment


TSX/AIM: KGI

ENVIRONMENT AND SAFETY FOCUS

Environmental Record F2015

YTD

MOE Orders Issued (Re: environmental incident) 0

Spills (non threatening)* 2

Discharge Exceedance 0

Safety Record F2015

YTD Target

Total Recordable Injury Frequency Rates (TRIFR) 6.0 <3.5

* Spills were result of ruptures in the tailings pipe

“Home safe and healthy, after every shift.”


TSX/AIM: KGI

GOALS AND OBJECTIVES FOR F2015

Guidance Metric Q1/15 Actual Status

$800 – 850/ Oz Cash Operating Cost Per Ounce $788 Favourable

$1,250 - 1,350/ Oz AICC Per Ounce Produced $1,250 On Track

$58.0 million Sustaining CAPEX $12.0 million On Track

$200.0 million Revenue $54.0 million On Track

$50.0 - 60.0 million Cash Flow from Operations $17.0 million Favourable

$15.0 - 20.0 million Free Cash Flow Generation $5.0 million On Track


All figures in Canadian Dollars

TSX/AIM: KGI

SHARE PRICE PERFORMANCE RELATIVE TO THE GOLD

PRICE (C$)


30%

40%

50%

60%

70%

80%

90%

100%

110%

120%

Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14

Kirkland Lake (TSX:KGI) Gold Price (C$ / oz)

(-13%)

(-16%)

TSX/AIM: KGI

WHY KIRKLAND LAKE GOLD?


The Kirkland Lake gold camp has

been producing gold for over 100

years.

Almost 25 Moz’s has been

produced to date, from seven

mines.

Based on grade, it is one of the

richest gold camps in the world.

Located in Ontario, one of the safest and

lowest risk mining jurisdictions globally

Attractive NI43-101 high grade reserve

and resource profile with a long mine life

Growing annual production, declining cost

base and improving unit costs

Company returning to profitability and free

cash flow

Significant exploration potential with

organic growth

Potential upside with a higher gold price

and a weaker Canadian dollar

TSX/AIM: KGI

For more information:

Suzette N Ramcharan

Director of Investor Relations

Email : [email protected]

Head Of f i ce :

155 Un ivers i t y Ave

To ron to ON M5H 3B7

Te l : 416 -840-7884

Ema i l : i n fo@klgo ld . com

WWW.KLGOLD.COM

mailto:[email protected]

kirkland lake gold inc. - 2014 agm

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