Page 14 position of 117 million a t the end of 2018 t o a net cash position of 114 million a t the end of 2019 T ha t r ep r esen ts a t otal cash gener a tion of 231 million o v er the y ear added M cM ullen O ur D et our Lake M ine or ebody c on tinues t o per f or m str ongly with 249 mor e t onnes and sligh tly lo w er g r ade minus 44 f or 193 mor e ounc es in 2019 r ela tiv e t o the miner al r eser v es W e ar e seeing mor e lo w er g r ade ma t er ial ar ound the per ipher y of the deposit which is still ec onomic and this ma t er ial is being pr oc essed as or e M cM ullen said D et our is c on tinuing t o w or k har d t o deliv er on the oper a tional impr o v emen ts tha t it initia t ed in 2019 with a view t o setting up the D et our Lake M ine f or c on tinued suc c ess M ean while in a y ear end sta t emen t KL G old said 2020 c onsolida t ed pr oduc tion is tar get ed a t a million ounc es I n addition the c ompan y said it is planning agg r essiv e g r o wth pr ojec ts f or both F ost er ville and M a cassa T hose plans include t w o new dev elopmen t r amps tar geting t w o new mining oper a tions a t R obbin s H ill in F ost er ville as w ell as pr evious ly iden tifed high g r ade z ones near sur fac e a t M acassa T he C ompan y also announc ed thr ee y ear pr oduc tion guidanc e f or the M acassa and F ost er ville mines P r oduc tion a t M acassa is tar get ed t o incr ease t o o v er 320000 ounc es b y 2022 r efec ting initial pr oduc tion fr om the 4 Shaf t and pot en tial pr oduc tion fr om the planned M a cassa sur fac e r amp P r oduc tion a t M acassa is e xpec t ed t o g r o w t o w ell o v er 400000 ounc es beg inning in 2023 P r oduc tion a t F ost er ville is e xpec t ed t o main tain the str ong g r o wth achiev ed in 2019 o v er the ne x t thr ee y ears as mining c on tin ues t o adv anc e in the high g r ade S w an Z one with the pot en tial f or pr oduc tion t o c ommenc e fr om R obbin s H ill in 2023 K ir k land Lake G old is poised t o achiev e str ong oper a ting and f nancial r esults in 2020 with both F ost er ville and M acassa w ell posi tioned t o r epea t their solid per f or manc es in 2019 dur ing the c oming y ear said M ak uch W ith tar get c onsolida t ed pr oduc tion of 950000 1000000 ounc es and lo w unit oper a ting c osts w e ar e on tr ack t o c on tinue t o gener a t e industr y leading ear nings and sig nifcan t fr ee cash fo w in 2020 which will c on tr ibut e t o fur ther g r o wth in our balanc e sheet str ength G oing f or w ar d our t op pr ior it y will r emain in v esting in F ost er ville and M acassa g iv en the substan tial oppor tuni ties tha t e xist a t both oper a tions f or c on tinued e xplor a tion suc c ess and additional g r o wth W e will also look t o incr ease the amoun t of capital w e r etur n t o K ir k land Lake G old shar e holders thr ough our dividend pr o g r am and nor mal c ourse issuer bid and c on tinue t o look f or in v estmen t oppor tunities capable of gener a ting a ttr ac tiv e r etur ns L ook ing a t g r o wth w e will c on tinue t o in v est in or ganic g r o wth in 2020 with the aim of adv ancing thr ee new pot en tial mining oper a tions R ob bin s H ill a t F ost er ville pr eviously iden tifed high g r ade z ones near sur fac e along the A malgama t ed Br eak a t M acassa and our Nor th er n T er r it or y assets in A ustr alia T he adv anc ed e xplor a tion w or k in the Nor ther n T er r it or y is c on tinuing in t o 2020 and has the pot en tial t o add t o our pr oduc tion pr ofle with 100000 t o 120000 ounc es e xpec t ed t o be pr oduc ed a t the Union R eef s M ill dur ing the c oming y ear which w e ar e not including in our guidanc e un til w e r each a decision t o r esume c ommer cial oper a tions A s f or the c ompan y s Holt C omple x in the K ir k land Lake mining r eg ion a c ompr ehensiv e r eview of the op er a tion is e xpec t ed t o c on tinue in 2020 and a thr ee y ear f or ecast f or tha t pr ojec t is not par t of their 2020 guidanc e Contd from pg 13 Kir k land L ak e G old p oise d t o achie v e str ong op er a ting and fnancial r esults Page 15 Page 15