44 Page 42 Contd from pg 41 value for the shareholders The company will also look to take advantage of its increased infrastruc ture capacity in the appropriate gold price environment At the same time the company is cant exploration program aimed at developing and maintaining a prop erty wide reserve and resource base more than 10 years Over the last several years the com tal to improve the infrastructure of the business including upgrading the production hoist skips mill under ground mobile equipment and capital development From initial discovery to present day there have been over 24 million ounc es of gold mined from the Kirkland reserve and resource provides for po tentially 10 years of mining with sig dian dollars unless stated otherwise 2014 Achieved a head grade of 041 ounces per ton opt or 140 grams per tonne Sold 38335 ounces of gold at an aver age realized price per ounce of 1395 ounces at an average realized price per ounce of 1398 US1278 in Gold Produced of 889 US804 Income before income taxes of 44 Net and comprehensive income of 27 million or 004 per share during the quarter 77 million or 01 1 per lion during the quarter 109 million 414 million Note All US dollar equivalents are exchange rate during the reporting pe riod The company is also revising the sus taining capital expenditures down by 5 million to 53 million for the cur During the quarter the company pro vided an update for under ground and surface drilling which expanded the mineralization associated with the claim The near surface drilling program intersected new highgrade lenses sible at www klgoldcom The company expects to provide an update on its exploration ef forts early in calendar year 2015 KL Gold committed to exploration