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Kirkland Lake Gold Ltd. (KL) Q1 2021 Earnings Call Transcript

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Kirkland Lake Gold Ltd. (NYSE:KL)
Q1 2021 Earnings Call
May 06, 2021, 2:00 p.m. ET


  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:


Good afternoon, ladies and gentlemen. My name is Jason, 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 first-quarter 2021 financial and operating results. [Operator Instructions] With that, I would now like to turn the call over to the senior vice president of investor relations, Mark Utting.

Mark UttingSenior Vice President of Investor Relations

Thanks very much, operator, and good afternoon, everyone. Welcome to Kirkland Lake Gold’s first-quarter 2021 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; Natasha Vaz, our chief operating officer; Larry Lazeski, our general manager for Detour Lake Mine; Evan Pelletier, our vice president of Mining for Kirkland Lake; Ian Holland, our vice president, 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. After we go through the presentation, we’ll 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 on 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 Management discussion and analysis dated May 05, 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, all figures are mentioned today will be in U.S. dollars unless otherwise stated. With that, I’ll now turn the call over to Tony Makuch, president and CEO of Kirkland Lake Gold.

Tony MakuchPresident and Chief Executive Officer

Thanks, Mark. And thanks to everybody for being on the call. I know, it’s been trying times for people but at the same time, it’s a pleasure to get the opportunity to give a update on how but successively better Kirkland Lake and Q1 of this year. We’re going to start on slide, Slide 4, and actually getting back to just the thoughts have started off with and they these are challenging times.

But there are also opportunities and, you get to know us more and more as we go through this. And I know we’re all going through COVID fatigue and it’s affecting a lot of people in a lot of different ways, but a lot a lot of good is coming out of people and we really got to acknowledge the support and the, we’re receiving from shareholders from communities from even the support we received from the healthy mobile health use of Kirkland Lake and — region in north-eastern Ontario, as well as the support from the people in Australia. Also, we have to acknowledge the people that work for us, they that these are definitely trying times the families that come into work and, performing them and putting in a good day’s work this time and we really appreciate all the efforts been happening and, our main goal is to maintain a safe workplace and with its there’s definitely there’s things constantly evolving and changing and it could be challenged, but because of the people and the support we’re getting from all the people that work for us, I think, where we’re moving forward, and we’re winning the battle. Anyway.

And with this slide I’ll begin to talk about COVID. And, in terms of a COVID-19 protocols, we have a lot of protocols, in fact, and it continued to infect us a quarter. And as well, we include new measures including much more rapid testing and data lake, we can test basically the income to our operations we can anybody can get tested within 15 minutes, we will give you the result. In terms of some of the impacts of COVID-19 during the quarter, we did have eight workers test positive, five at Macassa, and three at Detour.

In every case, that this happened to workers were fully recovered, and there’s been no additional transmission of the virus on site. The five cases at Macassa were all in early March, and they were deemed an outbreak as defined by the local health unit. In response, we shipped 64 rapid test…

Read More: Kirkland Lake Gold Ltd. (KL) Q1 2021 Earnings Call Transcript

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