Page 24 T otal wat e r solutions f or y our mining oper a tion A t the O n tario C lean W a t er A genc y our e xperienc e w ork ing in mining c ommunities acr oss the pr o vinc e means w e k no w y our business T ha t puts us in a unique position t o suppor t y our en vir onmen tal needs including r egula t or y c omplianc e monit or ing and r epor ting F r om potable w a t er and sew age f or staf housing t o tr ea tmen t of pr oduc tion w ast e t o monit or ing tailings OC W A can tur nkey all aspec ts of y our w a t er and w ast ew a t er tr ea tmen t pr oc ess L ets discuss ho w w e can w or k t ogether t o cr ea t e sustainable w a t er solutions f or y our sit e F or sales enquiries c all 8 0 7 6 2 2 2 4 9 3 o r t o l l f r e e 18006676292 o c w a c o m Contd from pg 23 duction of 58633 oz 2018 50764 oz 2017 and 42639 oz 2016 The grade of gold has ranged from 56 gt to 755 gt The recovery rate has ranged between 951 and 965 percent While Kirkland Lake Gold has a his torical connection with it s Northern Ontario operation it also operates the Fosterville Mine in V ictoria Australia as a result of a mer ger with Newmar ket Gold in 2016 KL also holds prop erties in Northern T erritory of Aus tralia where exploration activities are being undertak en at the Cosmo mine and Union Reefs area The Fosterville mine has an estimated 170 million oz in reserve with an av erage grade of 231 gt Fosterville has produced 356230 oz of gold 2018 263845 oz 2017 and 151755 oz 2016 During that time the grade has ranged from 61 1 gt in 2015 to 755 in 2016 and 158 in 2017The recovery rate increased from 88 in 2015 to 901 in 2016 and 950 in 2018 The recent drilling results from the Swan Zone at the Fostervill e site re vealed a truly unique highgrade zone that KL is bringing into production The company continues to explore for more zones like Swan at Fosterville and is encouraged by the fact that similar mineralization has been intersected in multiple locations Looking to the future KL sees contin ued growth in its gold production based on higher production at both Fosterville and Macassa KL has set its production guidance as follows Highlights of 2019 guidance include Pr oduction gr owth to 740000 800000 ounces driven lar gely by sig nifcantly higher production at Foster ville as well as increased production at Macassa Operating cash costs per ounce sold to improve to 360 380 Allin sustaining costs AISC per ounce sold to achieve signifcant im provement to 630 680 Exploration expenditur es estimated at 100 120 million inclu ding capi talized exploration expenditures with 85 100 million tar geted for Foster ville and the Northern T errito ry in Aus tralia Sustaining capital expenditur es of 150 170 million with sustain ing capital expenditures on a per ounce of gold sold basis expected to improve signifcantly from 2018 levels Gr owth capital expenditur es of 155 165 million in 2019 lar gely refecting expenditures for the Macassa 4 shaft project and growth projects at Fosterville KL projections over the next three years envision a consolidate d produc tion growth of 10 15 per year with production of 740000 800000 ounc es in 2019 to be followed by produc Fosterville site r eveals unique highgrade zone