03 kl town council presentation kirkland lake-02-feb16-final

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TSX:KGI 1 klgold.com
TSX:KGI
Kirkland Lake Town Council Presentation | February 2,2016
Presenter: George Ogilvie, President & CEO
GROWTH & VALUE
Creating 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.
This presentation contains 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 Presentation include, but may
not be limited to; statements regarding the Company’s combined production guidance for 2016, and guidance from the Macassa Mine
Complex for the financial years ended 2017 and 2018 the exploration programs and the results and timing thereof, the integration of the
East Timmins Operations resulting from the SAS acquisition, and the timing thereof.
In respect of the forward-looking information concerning the anticipated completion of the proposed Transaction and the anticipated timing thereof,
Kirkland Lake has provided them in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the time
required to prepare and mail shareholder meeting materials, including the required information circular; the ability of the parties to receive, in a
timely manner, the necessary regulatory, court, shareholder and other third party approvals; and the ability of the parties to satisfy, in a timely
manner, the other conditions to the closing of the Transaction. These dates may change for a number of reasons, including unforeseen delays in
preparing meeting materials, inability to secure necessary shareholder, regulatory, court or other third party approvals in the time assumed or the
need for additional time to satisfy the other conditions to the completion of the Transaction. Accordingly, readers should not place undue reliance on
the forward-looking information contained in this news release concerning these times.
With respect to the forward looking information of Kirkland Lake and/or St Andrew, concerning the future gold production of Kirkland Lake and St
Andrew, future cash costs of production, the gold resources and reserves of Kirkland Lake and St Andrew, and the development of the Kirkland
Lake and St Andrew properties are subject to various key assumptions described in each party’s respective Annual Information Forms and
Technical Reports referred to herein and as filed on the SEDAR profiles of both companies at www.sedar.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 April 30, 2015.
and the Company’s Management's Discussion and Analysis for the interim period ended July 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.

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A Rewarding Platform
for our Shareholders
KL GOLD BUSINESS
CASE

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Creating A New Mid-Tier Gold Producer
STRONG
LEADERSHIP
ROBUST PRODUCTION AND ASSET
DIVERSIFICATION FROM 4 MINES
INCREASED FINANCIAL FLEXIBILITY
AND SOLID BALANCE SHEET
EXPLORATION POTENTIOAL IN TWO
HISTORIC CAMPS WITHIN THE
ABITIBI
SUSTAINABLE,
PROFITABLE
MID-TIER GOLD
PRODUCER
• Strong leadership from an experienced board of directors
and management team with proven results
• Ontario Focused Gold Producer targeting between
260-310Koz’s in 2016*
• Asset diversification with 4 mins and 2 mills
• Healthy balance sheet with >$100 million in cash*
• Combined strong future cash flow generation
• Operational and corporate cost saving synergies
• Consolidation of large land holdings in the heart of two
Ontario gold camps
• Enhanced market profile with extensive coverage
universe and increased trading liquidity
• Combined Entity has Stronger Market Positioning
• Benefits with all Canadian assets leveraged to the
Canadian dollar gold price
* $120 million in debt (convertible debentures)

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Diversified Assets In A Prolific, Mining Friendly Region
East Timmins Properties
2015E Production 107 koz Au
Q3 2015 AISC US$934/oz Au
Holt Mill 3,000 tpd (75% utilized)
Resources & Reserves*
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)
Total P&P
(including Hislop Mine)
0.8 Mozs (5.3 g/t Au)
Measured & Indicated
(Property Wide)
2.7 Mozs (2.4 g/t Au)
Inferred
(Property Wide)
2.2 Mozs (4.5 g/t Au)
Macassa Mine Complex
SY 2015E Production 103 koz Au
Q2 SY2015 AISC US$989/oz 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
(Property Wide)
2.0 Mozs (16.8 g/t Au)
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

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One of the Highest Grade Gold Mines In The World
Select Group of Producing Assets with +1Moz’s in Reserves
Mine Operator Location
Gold 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
12.0
10.0 9.9 9.6 8.5 8.0
0.0
5.0
10.0
15.0
20.0
25.0
Macassa Mine
Complex
Turquoise Ridge Gosowong Red Lake Moab Khotsong Mponeng Kupol/Dvoinoye Tau Tona
Gradeg/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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-
50,000
100,000
150,000
200,000
250,000
14 15 SY15 16 17 18
GoldOunces
Oz
Recovered
Guidance
Linear (Oz
Recovered)
April 30th Fiscal Year End Calendar Year End8 Month Stub Year
Growing Production Profile
The Stub Year (SY) 8 month period runs from May 1 – December 31, 2015. Recovered 102,597 ounces at a head
grade of 0.42 opt (14.1 g/t), recoveries of 97.1% and achieved an average throughput of 1,016 tpd.
2016, 2017 and 2018 guidance based on stated head grade and average throughput of 1,130, 1,140 and 1,145 stpd
respectively.
0.38/ 13.0 0.37/ 12.7 0.43/ 14.7 0.44/ 15.1 0.45/ 15.4 0.46/ 15.8
Guided Head Grades
(OPT/ GPT)
0.33/ 11.3 0.43/ 14.7 0.42/ 14.4 - - -
Actual Head Grades
Achieved (OPT/ GPT)

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East Timmins Assets
120 km strike length
Holt, Holloway, Taylor Producing Assets
Hislop Care & Maintenance
Ludgate, Aquarius Exploration Targets with existing resources
Garrison Creek Exploration Target
Source: St Andrew website (www.sasgoldmines.com)

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East Timmins Operations
Holt Mine
• ~1,200 tpd operation
• Reserves of 591 koz’s at 4.75 g/t
• ~ 7 year mine life based on current level of reserves
• Exploration potential further to the west and down-dip of main zone
Taylor Mine
• ~600 tpd operation
• Declared commercial production in November 2015
• ~ 4-5 year mine life based on current level of reserves
• Exploration potential at depth and along strike
Holloway Mine
• ~700 tpd operation
• ~ 2 year mine life based on current level of reserves
• Exploration potential further to the east and down-plunge of main
zone

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Investing In Our Future
• Initial results from our regional program do not appear to be Main Break related (Phase 1)
• Geophysics anomalies identified and follow-up targeting exercise completed as part of Phase 1a
• Phase 1a program has 2 remaining holes in progress.
• Phase 2 will target the Main Break at depth and consist of infill drilling.

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Financial and Market Position
CASH C$93.8 million 1
DEBT
C$119 million 3
convertible debentures
(principal amount owing)
KGI.DB: 6% coupon/ $15.00 strike
C$56.9MM mature Jun/2017
KGI.DB.A: 7.5% coupon/ $13.70 strike
C$62.1MM mature Dec/2017
NCIB allows KGI to purchase up to 10% of each issue within a 12 month
period commencing April 3, 2015, and can be renewed annually 3
ROYALTY
2.5% NSR
Franco Nevada Corporation
Option to buyback 1% by October 31, 2016, at a cost of
US$36MM less any money paid against the 1%
52 Week Performance
2
HIGH C$6.88
LOW C$2.79
Current Share Price C$4.99 (Jan 29)
CAPITAL STRUCTURE 2
ISSUED SHARES 114.3 million
Stock Options ~5.5 million
FULLY DILUTED ~119.8 million
MARKET CAP ~570 million
1 As at December 31, 2015 and is not reflective of pro-forma cash position; 3 As of January 18, 2016, see press release dated April 1, 2015 for details on the NCIB
2 As at February 1, 2016
$1,507
$1,037
~$550
$488 $471 $423 $406
$233 $140
New Gold Alamos Pro Forma Lake Shore Primero Kirkland Lake Klondex Richmont St Andrew
Market Capitalization Amongst Peers (C$mm)

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2016 Outlook and Expectations
Initial Guidance
Consolidated 2016 Production 260,000 – 310,000 ounces
Cash Costs Per Ounce US$600-$690
All-In Sustaining Costs Per Ounce ~US$950
2016 News Flow
Stub Year 2015 YE Earnings March 10
Q1/2016 Consolidated Production April 11
Updated Guidance April (on or before April 15)
Investor Day (Toronto) April (date to be confirmed)
Q1/2016 Consolidated Earnings May 16

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Our Commitment to our
Stakeholders
AN INTEGRAL PART
OF THE COMMUNITY

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Key Economic Features
Contributed ~6% of
Ontario’s Gold
Production in F2014
Generated $173MM
in Revenue in F2014
99% of Jobs are
Located in Northern
Ontario
Employs over 950
People
Source: PWC Report, January 2015
KL GOLD

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Employer to a Number of Regions
64%11%
9%
5%
4%
3%
3%
KIRKLAND LAKE GOLD EMPLOYEES
KIRKLAND LAKE
TIMISKAMING
ENGLEHART
SUDBURY
QUEBEC
OTHER
TIMMINS
NORTH BAY

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Direct and Indirect Impact of Business
KL Gold contributed ~$350M to Ontario’s
GDP in F2015
Indirect Contribution
Direct Contribution

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Dollar Spend in F2015 (May 1, 2014 – April 30, 2015)
Kirkland Lake (and area - within 50km) $ 15.5MM
Timmins, New Liskeard, Val D'or $ 6.8MM
Sudbury/North Bay Area $ 12.3MM
~$35MM to Suppliers
and Contractors
Source: Company Source

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Support to Essential Services and Community at Large
Company recently provided financial support to the KL &
District Hospital Foundation.
Has also been a longtime supporter of many community
groups and events.
Check Presentation Ceremony
January 5, 2016

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Kirkland Lake Vision Statement
“Build a sustainable mining company
that is recognized as a safe and
responsible intermediate gold producer
with quality assets, in safe jurisdictions.”
“We will provide exceptional stakeholder value
by delivering operational and exploration
excellence through empowering our people to
act as owners.”

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APPENDIX
Notes, additional disclosure
and other information

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Experienced Team
Eric Sprott 2 Non-executive Chairman Barry Cooper, B.Sc., MBA 1 Non-executive Director
Michael Churchill, MBA 4 Non-executive Director Pamela Klessig, P.Geo Non-executive Director
Barry Olson, M.Sc. 1 Non-executive Director Jeffrey Parr, CPA-CA, BA, MBA 1 Non-executive Director
Dawn Whittaker, LLB Non-executive Director George Ogilvie, P.Eng
George Ogilvie, P.Eng. President & Chief Executive Officer
Perry Ing, CPA-CA, CPA (Ill), CFA 3 Chief Financial Officer
Chris Stewart, P.Eng VP Operations
Jennifer Wagner, LL.B. Corporate Legal Counsel
Suzette N Ramcharan, CPIR Director, Investor Relations
Kevin Fearn, BA, CHRP, CHRL Director, Human Resources
Board of Directors
Senior Management
1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015, 4 Appointed January 25, 2016

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5025 Level
P+P 28,000 Tons @ 0.48 oz/ton 14,000 Oz’s
M+I 74,000 Tons @ 0.42 oz/ton 32,000 Oz’s
5300 Level
P+P 561,000 Tons @ 0.47 oz/ton 261,000 Oz’s
M+I 245,0000 Tons @ 0.43 oz/ton 107,000 Oz’s
5400 Level
P+P 370,000 Tons @ 0.61 oz/ton 226,000 Oz’s
M+I 174,000 Tons @ 0.42 oz/ton 72,000 Oz’s
5600 Level
P+P 239,000 Tons @ 0.77 oz/ton 183,000 Oz’s
M+I 186,000 Tons @ 0.63 oz/ton 117,000 Oz’s
5700 Level
P+P 202,000 Tons @ 1.03 oz/ton 208,000 Oz’s
M+I 164,000 Tons @ 0.91 oz/ton 96,000 Oz’s
South Mine Complex
Access from 5400L
and 5600L allows
delineation drilling of
resources, especially
below 5600L
Remains Open at
Depth and Across
Strike
OPEN
*Drawing not to scale
5800 to 6600 Level
P+P 50,000 Tons @ 0.83 oz/ton 41,000 Oz’s
M+I 551,000 Tons @ 0.91 oz/ton 499,000 Oz’s
OPEN
OPEN
16.5 g/t
16.1 g/t
20.9 g/t
26.4 g/t
35.3 g/t
28.5 g/t

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Exploration Potential In A Historic Camp
Currently mining and
exploring on one of the
five mine targets.
Current Underground
and Surface Drilling
Targets: Three main
areas currently being
explored from surface
and underground.
Regional Program:
Regional exploration to
test eastwards along
strike.

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www.klgold.com
Suzette N Ramcharan, CPIR
Director of Investor Relations
+1-647-361-0200
Mobile: +1-647-284-5315
sramcharan@klgold.com
TSX:KGI

03 kl town council presentation kirkland lake-02-feb16-final

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