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(Wallace Refiners) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment for the first quarter of 2021 of US$0.1875 per common share will be paid on April 14, 2021 to shareholders of record as of the close of business on March 31, 2021.
The company said that the Q1 2021 payment represents the 16th quarterly dividend payment made to shareholders following the company’s adoption of a dividend policy in March 2017. The company’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. For Canadian shareholders, the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on April 13, 2021, the day prior to the payment date.
Kirkland Lake Gold is a senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. The production profile of the Company is anchored by three high-quality operations, including the Macassa mine and Detour Lake mine, both located in Northern Ontario, and the Fosterville mine located in the state of Victoria, Australia.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.