Kirkland Lake Gold cuts costs
Kirkland Lake Gold, the Aim-listed gold miner, yesterday said that it has seen operational improvements for the third quarter of its fiscal year 2014, as it cuts costs. It has slashed its workforce and is now mining higher grade ore but less tons, which it says will cut the cost per ounce of gold. “Work is ongoing but the full extent of these changes will be observed by all shareholders in the current quarter ending 30 April,” said chairman Harry Dobson.