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TSX:KGI 1 klgold.com
TSX:KGI
2016 Annual Meeting of Shareholders | June 13, 2016
GROWTH & VALUE
An Ontario Focused
Intermediate Gold
Producer
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TSX:KGI 2 klgold.comTSX:KGI klgold.com2
Forward Looking Statements
Cautionary Note Regarding Forward Looking Statements.
Statements made in the Company’s handouts and as part of the corporate presentation contain 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 corporate presentation include, but may not be limited to; statements regarding the
Company’s guidance metrics for 2016 including, gold production, head grade, cash operating costs, AISC and
capital expenditures; the exploration programs and associated budgets with respect to the Kirkland Lake Camp
and East Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of
the Company to continue to grow by way of organic growth and/or through various strategic transactions; and
trading volumes with respect to index inclusions.
With respect to the forward looking information of Kirkland Lake Gold, concerning gold resources and reserves of the Kirkland Lake properties and
the East Timmins properties, and the development of such properties are subject to various key assumptions described in the Annual Information
Forms and Technical Reports of both Kirkland Lake Gold and St Andrew Goldfields Ltd. referred to herein and as filed on the SEDAR profiles of both
companies at www.sedar.com and on the Company’s website at www.klgold.com.
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 December 31, 2015 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.
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TSX:KGI 3 klgold.com
• Announced change in year-end to December 31st (effective Jan/2016).
• Delisted from the AIM market in the UK.
• Announced initial results from the regional exploration program. Provided updated
drilling results from the SMC .
• Announced new exploration target on the ‘04 Break above 3400’.
• Produced 102.6 Moz’s at a head grade of 14.4 g/t.
• Generated C$150M in revenue; C$49M in cash flow from operations; and C$19M in
free cash flow.
• Ended the year with a cash balance of C$93.7M.
• Announced NCIB on the convertible bonds and repurchased C$7.2M out of the market,
at a discount.
• Announced the acquisition of St Andrew Goldfields Ltd., which closed on January 26,
2016.
2015 Stub-Year Achievements
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TSX:KGI 4 klgold.com
A New Mid-Tier Gold Producer
STRONG LEADERSHIP
ROBUST PRODUCTION AND ASSET DIVERSIFICATION FROM 4 MINES
INCREASED FINANCIAL FLEXIBILITY AND SOLID BALANCE SHEET
EXPLORATION POTENTIAL IN TWO HISTORIC CAMPS WITHIN THE ABITIBI
SUSTAINABLE, PROFITABLE
MID-TIER GOLD PRODUCER
• Ontario focused gold producer targeting between
270-290 Koz’s in 2016.
• Healthy balance sheet with $130 million* in cash in
excess of the convertible debentures that come
due in 2017.
• Combined strong future cash flow generation.
• Consolidation of large land holdings in the heart of
two Ontario gold camps.
• Robust level of reserves and resources with 2.3
Moz’s of P&P reserves, 3.7 Moz’s of M&I
resources plus an additional 3.9 Moz’s of inferred
resources.*
• Benefits with all Canadian assets leveraged to the
Canadian dollar gold price.
* Cash balance is as of March 31, 2016; See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. The M&I
and Inferred resources do not include the Aquarius Project which currently has M&I resources of 926,000 ounces (22.3M tonnes at a grade of
1.3 g/t Au and Inferred resources of 230 ounces (9,000 tonnes at a grade of 0.8 g/t Au.
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TSX:KGI 5 klgold.com
2016 Guidance Metrics
Guidance MetricsAll figures are in C$ unless stated otherwise
Q1/16 Consolidated
Results2016 Guidance
Gold Production 1 (kozs) 69.4 270– 290
Head Grade (g/t Au) 9.1 7.7
Cash Operating Cash Costs ($/Oz) C$846/ US$616$800 - $850
US$600-US$6503
All-In Sustaining Costs 2 ($/Oz of gold sold) C$1,246/ US$907$1,300 - $1,350
US$1,000- US$1,0503
Total Capital Expenditures
(New & Sustaining Capital, Property, Plant & Equipment)$20.1 Million $120 Million
1 Production includes East Timmins for the first 25 days of January (7,189 ozs), the acquisition of St Andrew Goldfields Ltd., did not close until January 26, 2016. 2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any
standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis
(“MD&A”), for the period ended December 31, 2015.3 USD:CAD exchange rate of 1.3
Q1/16 Production
69,464 ozs
Guidance
270 – 290 kozs
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TSX:KGI 6 klgold.com
Overview of
Operations
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TSX:KGI 7 klgold.com
Diversified Assets In A Prolific, Mining Friendly Region
East Timmins Operations (“ETO”)
Q1/16 Production1
28.4 koz Au
Q1/16 Head Grade 5.1 g/t Au
Holt Mill 3,000 tpd (75% utilized)
Resources & Reserves*
Total P&P
(including Hislop Mine)0.8 Mozs (5.3 g/t Au)
Holt Mine 591 kozs (4.8 g/t Au)
Taylor Mine 156 kozs (6.3 g/t Au)
Holloway Mine 40 kozs (5.4 g/t Au)
Measured & Indicated
(Property Wide)2.7 Mozs (2.4 g/t Au)
Inferred
(Property Wide)2.2 Mozs (4.5 g/t Au)
Macassa Mine Complex
Q1/16 Production 41.1 koz Au
Q1/16 Head Grade 15.1 g/t Au
Macassa Mill 2,000 tpd (50% utilized)
Reserves & Resources*
Total P&P Reserves
(Macassa Mine Complex)1.5 Mozs (19.2 g/t Au)
Measured & Indicated
(Property Wide)2.0 Mozs (16.8 g/t Au)
Inferred (Property Wide) 1.7 Mozs (19.2 g/t Au)
*Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure
(www.kllgold.com; www.sasgoldmines.com)
Assets in close proximity
within an 80km radius,
accessed by provincial
highways.
QUÉBEC
1 Q1 Production from East Timmins Operations includes 7,189 ounces from ETO from
January 1 to January 25, 2016.2 AISC is a non-GAAP measure, see SY2015 MDA for reconciliation of non-GAAP measures
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TSX:KGI 8 klgold.com
One of the Highest Grade Gold Mines In The WorldSelect Group of Producing Assets with +1Moz’s in Reserves
Mine Operator LocationGold Grade Reserves Reserve Update
g/t Au Date
Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) 19.2 1.5 Moz Dec/2014
Turquoise Ridge Barrick USA (Nevada) 16.9 4.5 Moz Dec/2014
Gosowong Newcrest Indonesia 12.0 1.2 Moz Dec/2014
Moab Khotsong AngloGold Ashanti South Africa 10.0 6.1 Moz Dec/2014
Mponeng AngloGold Ashanti South Africa 10.0 14.6 Moz Dec/2014
Red Lake Goldcorp Canada 10.0 2.1 Moz Dec/2014
Kupol/Dvoinoye Kinross Russia 8.5 2.1 Moz Dec/2014
TauTona AngloGold Ashanti South Africa 8.0 1.4 Moz Dec/2014
19.2
16.9
12.010.0 9.9 9.6 8.5 8.0
0.0
5.0
10.0
15.0
20.0
25.0
Macassa MineComplex
Turquoise Ridge Gosowong Red Lake Moab Khotsong Mponeng Kupol/Dvoinoye Tau Tona
Gra
de g
/t
Reserve Grades
Company Source – This is a select group of Companies that illustrate producing mines only with mineral reserves in excess of 1Moz’s (gold only, no equivalent Au ounces shown)
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TSX:KGI 9 klgold.com
East Timmins Properties along the PDFZ
Holt, Holloway, Taylor Producing Assets (ETO)
Hislop Care & Maintenance
Ludgate, Aquarius Exploration Targets with existing resources
Garrison Creek Exploration Target
120km strike of contiguous land straddling the Porcupine-Destor Fault Zone
Blackfox Mine & Greyfox
Deposit (Primero Mining)
Aquarius
Hislop
Ludgate
Garrison
Creek
120km
N
Fenn-Gibb Deposit
(Tahoe Resources)
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TSX:KGI 10 klgold.com
2016 Exploration Programs
Kirkland Lake Camp
(~$10MM)
Mine-site Exploration (underground)
• SMC drilling to convert Inferred resources into M&I, find new resources to extend mine life.
•’04 Break drilling to identify a new mining horizon at a higher elevation, in closer proximity to the shaft.
Regional Exploration Program (surface)
•Test for the extension of the SMC or a new ore body similar to that of the SMC.
•Test the Main Break at depth.
East Timmins Assets
(~$8MM)
Mine-site Exploration (surface and underground)
• Focused exploration program to delineate resources and extend mine-life at the Holloway and Taylor mines.
Land Position Evaluation
• Continue to evaluate the East Timmins land position and assets for future exploration efforts either towards the end of 2016 or beginning of 2017.
• Assess assets for possible divestiture or JV opportunities.
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TSX:KGI 11 klgold.com
Our Commitment to our
Stakeholders
AN INTEGRAL PART
OF THE COMMUNITY
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TSX:KGI 12 klgold.com
An Important Contributor Within Our Communities
Generated Revenue
of $110M in Q1/16
99% of Jobs are
Located in Northern
Ontario
Employer to over
1,350 people
Source: Company Information
KL GOLD
Over $100k in donations
plus countless hours of
in-kind service
during 2015
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TSX:KGI 13 klgold.com
Partnering With Our Communities
• “People’s Choice Recipient”
Kirkland Lake Gold was the 2015 recipient of the
Kirkland Lake & District
• Providing Financial Support to Our Community:
Recently provided financial support to the KL & District
Hospital Foundation.
A longtime supporter of many community groups and
events through donations and in kind volunteer work.
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TSX:KGI 14 klgold.com
Committed to Operating Safely
ZERO TOLERANCE
POLICY
We require ALL EMPLOYEES to be fit at all
times to perform their assigned duties.
While at work, we do not tolerate the use of:• Alcohol
• Illicit Drugs
• Medication
(that can cause impairment)
As of June 12, 2016:
Macassa Mine Complex has achieved 433 days
without a Lost Time Injury
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TSX:KGI 15 klgold.com
2016 – A Look Ahead
• Operations are performing in line with expectations
• Q2 results will be released within the first 15 days of July.
• Continue to work on the integration of the business units, and team
• The team at site is very committed to moving the business
forward, and optimizing operations.
• KGI included in the TSX/S&P Composite Index
• A positive impact on trading volume.
• New leadership to carry out the vision for a long-lived, sustainable
and profitable producer
• The appointment of Mr. Tony Makuch will allow for future upside
and value for all shareholders.
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TSX:KGI 16 klgold.com
www.klgold.com
Suzette N Ramcharan, CPIR
Director of Investor Relations
+1-647-361-0200
Mobile: +1-647-284-5315
TSX:KGI