Kirkland Lake Gold Ltd. (NYSE:KL) Q3 2019 Earnings Conference Call Transcript

Nov 06, 2019 • 04:00 pm ET

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Kirkland Lake Gold Ltd. (NYSE:KL) Q3 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Welcome to the Kirkland Lake Gold Third Quarter 2019 Conference Call and Webcast. [Operator Instructions] I would now like to hand the conference over to Mark Utting Presenter Vice President of Investor Relations. Please go ahead sir.

Executive
Mark Utting

Thanks very much operator and good afternoon everyone. That's good afternoon for everyone in North America whereas good morning for us. We're doing the call from our new offices in Melbourne today. With me are many members of the Kirkland Gold goal management team. Those presenting will include Tony Makuch our President and Chief Executive Officer; David Soares our Chief Financial Officer; Ian Holland our Vice President Australian Operations; and Nitasha our Vice President of Technical Services; Eric Kallio our Senior Vice President of Exploration; and Troy Fuller our Director of Exploration for Australia. As I mentioned there are several other members of the management team in the room as well. Today we'll be providing comments on the results for the third quarter and first nine months of 2019. After the presentation we'll open the call to questions. The slide deck that we'll be referring to is on the webcast. It also is posted to our website at www.klgold.com. Before we get started I'd like to draw your attention to the forward-looking statement slide -- which is slide two on the deck. Our remarks and answers to questions may and likely will contain forward-looking information about future events and the company's future performance. Please refer to the detailed cautionary note on the slide as well as the forward-looking information set out in the news release announcing our third quarter results. Also during today's call we'll be making reference to non-IFRS measures. A reconciliation of these measures is available within the third quarter and first nine months of 2019 MD&A which is posted on our website as well as SEDAR. Finally please note that all figures discussed today will be in U.S. dollars unless otherwise stated. With that I'd like to turn the call over to Tony Makuch our President and Chief Executive Officer.

Executive
Tony Makuch

Okay. Thanks Mark and thanks everyone for being on the call. As stated in our release today the company had a very solid third quarter and the company continues to deliver industry-leading results. But before we start the presentation to explain the performance in the quarter maybe this first take the time to acknowledge the people at Kirkland Lake Gold including the families our suppliers service providers and the communities that support us. We get to talk about our accomplishments and they are the ones that make things happen for us. So thank you very much and I look forward to a continued safe working in Q4 and finishing off the year.

Now turning to slide three. The company reported record results in Q3 2019. In production unit costs earnings and cash flow production for the quarter was 248000 ounces. Cash cost of $287 an ounce and all-in sustaining costs were $562 per ounce. Earnings per share for the quarter was