20 kgi corp presentation-2016 agm-13jun16

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TSX:KGI 1 klgold.com

TSX:KGI

2016 Annual Meeting of Shareholders | June 13, 2016

GROWTH & VALUE

An Ontario Focused

Intermediate Gold

Producer



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TSX:KGI 2 klgold.comTSX:KGI klgold.com2

Forward Looking Statements

Cautionary Note Regarding Forward Looking Statements.

Statements made in the Company’s handouts and as part of the corporate presentation contain statements which

constitute ”forward-looking statements”, including statements regarding the plans, intentions, beliefs and current

expectations of the Company with respect to the future business activities and operating performance of the Company. The

words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar

expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking

statements used in this corporate presentation include, but may not be limited to; statements regarding the

Company’s guidance metrics for 2016 including, gold production, head grade, cash operating costs, AISC and

capital expenditures; the exploration programs and associated budgets with respect to the Kirkland Lake Camp

and East Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of

the Company to continue to grow by way of organic growth and/or through various strategic transactions; and

trading volumes with respect to index inclusions.

With respect to the forward looking information of Kirkland Lake Gold, concerning gold resources and reserves of the Kirkland Lake properties and

the East Timmins properties, and the development of such properties are subject to various key assumptions described in the Annual Information

Forms and Technical Reports of both Kirkland Lake Gold and St Andrew Goldfields Ltd. referred to herein and as filed on the SEDAR profiles of both

companies at www.sedar.com and on the Company’s website at www.klgold.com.

Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered

reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the

Company’s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are

inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ

materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's

Discussion and Analysis and Annual Information Form for the year ended December 31, 2015 filed with the securities regulatory authorities in

certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove

incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or

expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to

differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend,

and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

http://www.sedar.com/

http://www.klgold.com/

http://www.sedar.com/



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• Announced change in year-end to December 31st (effective Jan/2016).

• Delisted from the AIM market in the UK.

• Announced initial results from the regional exploration program. Provided updated

drilling results from the SMC .

• Announced new exploration target on the ‘04 Break above 3400’.

• Produced 102.6 Moz’s at a head grade of 14.4 g/t.

• Generated C$150M in revenue; C$49M in cash flow from operations; and C$19M in

free cash flow.

• Ended the year with a cash balance of C$93.7M.

• Announced NCIB on the convertible bonds and repurchased C$7.2M out of the market,

at a discount.

• Announced the acquisition of St Andrew Goldfields Ltd., which closed on January 26,

2016.

2015 Stub-Year Achievements



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A New Mid-Tier Gold Producer

STRONG LEADERSHIP

ROBUST PRODUCTION AND ASSET DIVERSIFICATION FROM 4 MINES

INCREASED FINANCIAL FLEXIBILITY AND SOLID BALANCE SHEET

EXPLORATION POTENTIAL IN TWO HISTORIC CAMPS WITHIN THE ABITIBI

SUSTAINABLE, PROFITABLE

MID-TIER GOLD PRODUCER

• Ontario focused gold producer targeting between

270-290 Koz’s in 2016.

• Healthy balance sheet with $130 million* in cash in

excess of the convertible debentures that come

due in 2017.

• Combined strong future cash flow generation.

• Consolidation of large land holdings in the heart of

two Ontario gold camps.

• Robust level of reserves and resources with 2.3

Moz’s of P&P reserves, 3.7 Moz’s of M&I

resources plus an additional 3.9 Moz’s of inferred

resources.*

• Benefits with all Canadian assets leveraged to the

Canadian dollar gold price.

* Cash balance is as of March 31, 2016; See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. The M&I

and Inferred resources do not include the Aquarius Project which currently has M&I resources of 926,000 ounces (22.3M tonnes at a grade of

1.3 g/t Au and Inferred resources of 230 ounces (9,000 tonnes at a grade of 0.8 g/t Au.



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2016 Guidance Metrics

Guidance MetricsAll figures are in C$ unless stated otherwise

Q1/16 Consolidated

Results2016 Guidance

Gold Production 1 (kozs) 69.4 270– 290

Head Grade (g/t Au) 9.1 7.7

Cash Operating Cash Costs ($/Oz) C$846/ US$616$800 - $850

US$600-US$6503

All-In Sustaining Costs 2 ($/Oz of gold sold) C$1,246/ US$907$1,300 - $1,350

US$1,000- US$1,0503

Total Capital Expenditures

(New & Sustaining Capital, Property, Plant & Equipment)$20.1 Million $120 Million

1 Production includes East Timmins for the first 25 days of January (7,189 ozs), the acquisition of St Andrew Goldfields Ltd., did not close until January 26, 2016. 2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any

standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis

(“MD&A”), for the period ended December 31, 2015.3 USD:CAD exchange rate of 1.3

Q1/16 Production

69,464 ozs

Guidance

270 – 290 kozs



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Overview of

Operations



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Diversified Assets In A Prolific, Mining Friendly Region

East Timmins Operations (“ETO”)

Q1/16 Production1

28.4 koz Au

Q1/16 Head Grade 5.1 g/t Au

Holt Mill 3,000 tpd (75% utilized)

Resources & Reserves*

Total P&P

(including Hislop Mine)0.8 Mozs (5.3 g/t Au)

Holt Mine 591 kozs (4.8 g/t Au)

Taylor Mine 156 kozs (6.3 g/t Au)

Holloway Mine 40 kozs (5.4 g/t Au)

Measured & Indicated

(Property Wide)2.7 Mozs (2.4 g/t Au)

Inferred


Macassa Mine Complex

Q1/16 Production 41.1 koz Au

Q1/16 Head Grade 15.1 g/t Au

Macassa Mill 2,000 tpd (50% utilized)

Reserves & Resources*

Total P&P Reserves

(Macassa Mine Complex)1.5 Mozs (19.2 g/t Au)

Measured & Indicated


Inferred (Property Wide) 1.7 Mozs (19.2 g/t Au)

*Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure

(www.kllgold.com; www.sasgoldmines.com)

Assets in close proximity

within an 80km radius,

accessed by provincial

highways.

QUÉBEC

1 Q1 Production from East Timmins Operations includes 7,189 ounces from ETO from

January 1 to January 25, 2016.2 AISC is a non-GAAP measure, see SY2015 MDA for reconciliation of non-GAAP measures



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One of the Highest Grade Gold Mines In The WorldSelect Group of Producing Assets with +1Moz’s in Reserves

Mine Operator LocationGold Grade Reserves Reserve Update

g/t Au Date

Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) 19.2 1.5 Moz Dec/2014

Turquoise Ridge Barrick USA (Nevada) 16.9 4.5 Moz Dec/2014

Gosowong Newcrest Indonesia 12.0 1.2 Moz Dec/2014

Moab Khotsong AngloGold Ashanti South Africa 10.0 6.1 Moz Dec/2014

Mponeng AngloGold Ashanti South Africa 10.0 14.6 Moz Dec/2014

Red Lake Goldcorp Canada 10.0 2.1 Moz Dec/2014

Kupol/Dvoinoye Kinross Russia 8.5 2.1 Moz Dec/2014

TauTona AngloGold Ashanti South Africa 8.0 1.4 Moz Dec/2014

19.2

16.9

12.010.0 9.9 9.6 8.5 8.0

0.0

5.0

10.0

15.0

20.0

25.0

Macassa MineComplex

Turquoise Ridge Gosowong Red Lake Moab Khotsong Mponeng Kupol/Dvoinoye Tau Tona

Gra

de g

/t

Reserve Grades

Company Source – This is a select group of Companies that illustrate producing mines only with mineral reserves in excess of 1Moz’s (gold only, no equivalent Au ounces shown)



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East Timmins Properties along the PDFZ

Holt, Holloway, Taylor Producing Assets (ETO)

Hislop Care & Maintenance

Ludgate, Aquarius Exploration Targets with existing resources

Garrison Creek Exploration Target

120km strike of contiguous land straddling the Porcupine-Destor Fault Zone

Blackfox Mine & Greyfox

Deposit (Primero Mining)

Aquarius

Hislop

Ludgate

Garrison

Creek

120km

N

Fenn-Gibb Deposit

(Tahoe Resources)



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2016 Exploration Programs

Kirkland Lake Camp

(~$10MM)

Mine-site Exploration (underground)

• SMC drilling to convert Inferred resources into M&I, find new resources to extend mine life.

•’04 Break drilling to identify a new mining horizon at a higher elevation, in closer proximity to the shaft.

Regional Exploration Program (surface)

•Test for the extension of the SMC or a new ore body similar to that of the SMC.

•Test the Main Break at depth.

East Timmins Assets

(~$8MM)

Mine-site Exploration (surface and underground)

• Focused exploration program to delineate resources and extend mine-life at the Holloway and Taylor mines.

Land Position Evaluation

• Continue to evaluate the East Timmins land position and assets for future exploration efforts either towards the end of 2016 or beginning of 2017.

• Assess assets for possible divestiture or JV opportunities.



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Our Commitment to our

Stakeholders

AN INTEGRAL PART

OF THE COMMUNITY



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An Important Contributor Within Our Communities

Generated Revenue

of $110M in Q1/16

99% of Jobs are

Located in Northern

Ontario

Employer to over

1,350 people

Source: Company Information

KL GOLD

Over $100k in donations

plus countless hours of

in-kind service

during 2015



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Partnering With Our Communities

• “People’s Choice Recipient”

Kirkland Lake Gold was the 2015 recipient of the

Kirkland Lake & District

• Providing Financial Support to Our Community:

Recently provided financial support to the KL & District

Hospital Foundation.

A longtime supporter of many community groups and

events through donations and in kind volunteer work.



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Committed to Operating Safely

ZERO TOLERANCE

POLICY

We require ALL EMPLOYEES to be fit at all

times to perform their assigned duties.

While at work, we do not tolerate the use of:• Alcohol

• Illicit Drugs

• Medication

(that can cause impairment)

As of June 12, 2016:

Macassa Mine Complex has achieved 433 days

without a Lost Time Injury



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2016 – A Look Ahead

• Operations are performing in line with expectations

• Q2 results will be released within the first 15 days of July.

• Continue to work on the integration of the business units, and team

• The team at site is very committed to moving the business

forward, and optimizing operations.

• KGI included in the TSX/S&P Composite Index

• A positive impact on trading volume.

• New leadership to carry out the vision for a long-lived, sustainable

and profitable producer

• The appointment of Mr. Tony Makuch will allow for future upside

and value for all shareholders.



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www.klgold.com

Suzette N Ramcharan, CPIR

Director of Investor Relations

+1-647-361-0200

Mobile: +1-647-284-5315

[email protected]

TSX:KGI

mailto:[email protected]

Date post:	22-Feb-2017
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