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Kirkland Lake Gold Ltd. (KL) Q4 2020 Earnings Call Transcript

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Kirkland Lake Gold Ltd. (NYSE:KL)
Q4 2020 Earnings Call
Feb 25, 2021, 2:00 p.m. ET


  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:


Good afternoon, ladies and gentlemen. My name is Sidarius, and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold conference call and webcast to discuss the company’s fourth quarter and full-year 2020 financial and operating results. [Operator instructions] With that, I would now like to turn the call over to Senior Vice President, Investor Relations Mark Utting.

Mark UttingSenior Vice President, Investor Relations

Thanks very much, operator, and good afternoon, everyone. Welcome to our fourth quarter and full-year 2020 conference call and webcast. On the call today are many members of the Kirkland gold senior management team. Speaking today will be Tony Makuch, our president and CEO; David Soares, our chief financial officer; Evan Pelletier, our vice president, mining, for Kirkland Lake; Larry Lazeski, our general manager of Lake Mine; Ion Hann, vice president and co-lead of Australian operations; and Eric Kallio, our senior vice president of exploration.

There are also several other members of the management team on the phone as well that may participate in the Q&A. After we go through the presentation, we’ll then open up the call to questions. [Operator instructions] The slide deck that we’ll be referring to is available on our website, both on the homepage and in the Events section. Before I get started, I would like to direct everyone to the forward-looking statement slide, Slide 2 on our slide deck.

Our remarks and answers to questions may contain and likely will contain forward-looking information about future events affecting our company. Please refer to Slide 2 as well as the forward-looking information section of our most recent MD&A dated February 24, 2021, for more information. Also, during today’s call, we’ll be making reference to non-IFRS performance measures. A reconciliation of these measures is also available in our most recent MD&A.

Finally, I’ll mention that all figures given today will be in U.S. dollars unless otherwise stated. With that, I’ll turn the call over to Tony Makuch, president and CEO of Kirkland Lake Gold.

Tony MakuchPresident and Chief Executive Officer

OK. Thanks, Mark, and thanks, everybody, for being on the call. And I guess, it’s definitely been a different time over the last year in 2020. Very — as we can say, a lot of different things happen.

But in terms of the people at Kirkland gold, which includes the people that directly work for us, our suppliers, our communities where we work, and our partners and everybody really stepped up to the forefront and we put in some good efforts. And we had a record year in a lot of different areas. And in some areas, we can be very proud of in terms of how people worked together and achieve these results. But when it came to COVID-19 and COVID-19 response and our — all of the processes at place, I think we’ve had significant success.

And our sites still remain very safe and operating well. And I think people can feel pretty good about what we can achieve and achieve as a group and when you get challenged. Anyway, if I can turn to Slide No. 5, just talk about ESG.

We’ve been putting a lot of effort into the different components of ESG at Kirkland Lake Gold. And really, a big part of it, one is ensuring that we communicate better in terms of what we do from an ESG perspective. And if you go to Slide No. 6, as I mentioned, a key area for us is formalizing our processes around reporting and public disclosure.

And as I also said, we’ve made significant advancements. We published our second consolidated sustainable report in November of this year — sorry, of 2020. And we are on track now to issue our 2020 Sustainability Report before our annual meeting in May. And we’ll be actually issuing our Sustainability Report every year around the same time, and with our normal filings that we would be doing at the end of March.

Additionally, we adopted the World Gold Council Responsible Gold Mining Principles in 2020, and we have completed our year one external assurances. We finalized policies and standards on human rights, supplier for conduct, grievance resolution, and workplace diversity. We are an industry leader in minimizing greenhouse gas emissions and invest significant funds in managing modern tailings. And we wanted to actually be increasing our efforts in those areas and going forward.

And the people at the Detour achieved an important recognition in the year with the top Memorial Mine Reclamation Award for their progressive…

Read More: Kirkland Lake Gold Ltd. (KL) Q4 2020 Earnings Call Transcript

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