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Kirkland Lake Gold is an Ontario-focused intermediate gold producer with 4 mines that produced between 270,000-290,000 ounces of gold in 2016. It has a strong balance sheet with $130 million in cash and consolidated large land holdings in two historic gold camps in Ontario with over 2.3 million ounces of proven and probable reserves. Recent strategic transactions including the acquisition of St Andrew Goldfields has increased production, cash flow, and provided exploration potential to further grow the business.

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Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 1 klgold.com TSX:KGI GROWTH & VALUE Creating an Ontario Focused Intermediate Gold Producer Timmins Mine Expo – The Big Event | June 1-2, 2016
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level 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 handouts and as part of the corporate presentation include, but may not be limited to; statements regarding the Company’s guidance metrics for 2016 and 2017 including, gold production, head grade, cash operating costs, AISC, capital expenditures, revenue, cash flow from operations and free cash flow generation; 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, including mergers and acquisitions. 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.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 3 klgold.com 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; balance is 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 *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.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 4 klgold.com Key Transformational Milestones Operational Improvements Refocused operations on quality tonnes versus quantity tonnes. Efficiency improvements and strict adherence to grade control allowed for increased production with reduced manpower levels. Resulted in a return to profitability and free cash flow generation. Balance Sheet Improvements Completed a successful C$33.5M bought deal; Announced NCIB to repurchase Convertible Debentures. Repurchased a total of $7.2M of Convertible Debentures at a discount. Steady increase in cash balance since July 31, 2014. Resulted in a strengthened balance sheet with ability to repay debt obligations. Strategic Transactions Accretive acquisition of St Andrew Goldfields Ltd., at the bottom of the market to de-risk the business and grow production and cash flow generation. Increased production by ~100,000 ounces in 2016 and ability for further increases in 2017 and beyond. Improved valuation achieving a $1 billion market cap and enhanced access to capital markets and debt providers.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 5 klgold.com KGI Relative Share Price Performance Source: FactSet. Note: Performance as at April 29, 2016. 177% 18% 29% (50%) 0% 50% 100% 150% 200% Nov-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Dec-15 Mar-16 Kirkland Lake (TSX:KGI) Gold Price (C$/oz) GDX Index (C$)
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 6 klgold.com Financial Position 52 Week Performance 2 HIGH C$9.58 LOW C$4.49 Current Share Price C$9.57 CAPITAL STRUCTURE 1 ISSUED SHARES 115.5 million Stock Options ~4.3 million FULLY DILUTED ~119.8 million Market Capitalization 2 C$1,094M Enterprise Value 2 C$1,104M Major Shareholders (~40%) 2 Van Eck Associates Corporation (~10%) Resolute Funds (~7%) Eric Sprott (~6%) Sentry Select (~5%) Columbia Asset Management LLC (~5%) Abramson Family (~5%) Harry Dobson (~3%) Sprott Asset Management (~3%) CASH 1 C$ 100 million US$23.7 million 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 6, 2016, 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% 1 As at March 31, 2016: 2 As at April 29, 2016 3 See press release dated April 4, 2016 for details on the NCIB
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 7 klgold.com Deleveraging the Balance Sheet (200.0) (150.0) (100.0) (50.0) - 50.0 100.0 150.0 DEBT/CASH $7M Flow Through Raise $33.5M Bought Deal Financing ($110) ($104) ($97) ($56) ($56) ($48) ($40) ($10) Note: Convertible Debentures are due in June and December of 2017. See page 6 above for breakdown of each tranche and respective terms.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 8 klgold.com Q1/16 Financial Results All amounts are in C$ unless otherwise stated. Q1 2016 Q1/16 Vs FQ4/15 COSTS Operating Cost (per tonne produced) $262 US$191 -33% -39% Operating Cost (per ounce sold) $846 US$616 0% -9% All-In Sustaining Costs (per ounce sold) $1,246 US$907 -1% -10% SALES Gold Sales (ounces) 69,309 +77% Average Realized Sales Price $1,584 US$1,154 +7% Revenue (millions) $109.8M +90% CASH FLOW Cash Flow from Operations (millions) $43.7M +111% Free Cash Flow (millions) $23.6M +203% Comparative figures are to the closest corresponding period in the previous year, and prior to Q1/16 do not include results from the East Timmins Operations. Consolidated results do not include results from the ETO from January 1st to January 25th, prior to close of the transaction with St Andrew.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 9 klgold.com All-in Sustaining Cost Trend Over 12 Quarters 1,011 1,073 1,165 996 811 856 786 842 846 807 815 846 $0 $500 $1,000 $1,500 $2,000 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/SY15 Q2/SY15 Q3/SY15 Q1/16 Operating Costs Capital Development PP&E Royalties Corporate G&A Mine-Site Exploration Average Realized Sales Price All amounts are in C$ $1,584
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 10 klgold.com Estimated Cash Flows 2 Year Cash Flow Expectations 1 2016E (millions of C$) 2017E (millions of C$) Opening Cash Balance (January) $130.52 $143.5 Royalty Buyback (one off payment in Q4/16 that will affect free cash) (~$40.0/ US$30) - Free Cash Flow 4 $22 $95 Debt Obligations (interest and/or debt repayment) ($9.0) (~$63.6) 3 Closing Cash Balance (December) $143.5 $174.4 Notes: 1 Cash Flow assumptions are based on a POG of C$1,500/Oz ; a USD to CAD exchange rate of 1.3; Production of 280kos’z in 2016 and 300koz’s in 2017; Capital Expenditures of C$120M in 2016 and C$100M in 2017; and Cash Operating Costs of C$850/oz. 2 Cash Balance is as of March 31, 2016. 3 Debt obligations in 2017 include the payback of the first tranche of the convertible debentures (C$56.9M), plus assumed prorated interest for the year. 4 Free Cash Flow is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015. The above cash flow expectations are based on internal projections prepared by management and are subject change depending on variability and input metrics used. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company’s business. Refer to Cautionary Language set about above on page 2.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 11 klgold.com 2016 Guidance Metrics Guidance Metrics All figures are in C$ unless stated otherwise Macassa Mine Complex East Timmins Operations (ETO) 2016 Guidance Gold Production 1 (kozs) 160-170 110-120 270– 290 Head Grade (g/t Au) 15.1 4.8 7.7 Cash Operating Cash Costs ($/Oz) $800 - $850 (US$600-US$650) 3 All-In Sustaining Costs 2 ($/Oz of gold sold) $1,300 - $1,350 (US$1,000- US$1,050) 3 Total Capital Expenditures (New & Sustaining Capital, Property, Plant & Equipment) $70 Million $50 Million $120 Million 1 Production includes East Timmins for the first 25 days of January (7,189 ozs), as 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 kozsOn track to meet 2016 Production Guidance
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 12 klgold.com 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 (Property Wide) 2.2 Mozs (4.5 g/t Au) 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 (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 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
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 13 klgold.com A Corner Stone High-Grade Asset MACASSA MINE COMPLEX
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 14 klgold.com Macassa Mine Complex 2016 Guidance Reserves & Resources Property Wide SMC Mineral Reserves (P&P) 1.5 Moz’s @ 19.2 g/t 2.4M tonnes 0.9 Moz’s @ 22.3 g/t 1.3M tonnes Mineral Resources (M&I) 2.0 Moz’s @ 16.8 g/t 3.8M tonnes 0.9 Moz’s @ 22.6 g/t 1.3M tonnes Mineral Resources (Inferred) 1.7 Moz’s @ 19.2 g/t 1.9M tonnes 0.9 Moz’s @ 22.3 g/t 1.2M tonnes 2016E Gold Production (kozs) 160 – 170 70% of tonnes from the SMC and 30% from the ’04/Main Break Head Grade (g/t Au) 15.1 Blended head grade based on tonnes produced from each area of the mine. Property, Plant & Equipment (Includes minor infrastructure improvement projects) $25 The $25 million includes a carry-over of approx. $8 million from 2015 due to a delay in the delivery of equipment from the manufacturer. Capital Development $45 Includes new and sustaining capital See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 15 klgold.com 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) 15.3 4.2 Moz Dec/2015 Dvolnye Kinross Russia 15.0 1.0 Moz Dec/2015 Moab Khotsong AngloGold Ashanti South Africa 10.1 5.5 Moz Dec/2014 Mponeng AngloGold Ashanti South Africa 9.6 12.1 Moz Dec/2014 Red Lake Goldcorp Canada 9.1 2.1 Moz Dec/2015 Kupol Kinross Russia 8.5 2.1 Moz Dec/2015 TauTona AngloGold Ashanti South Africa 8.1 1.2 Moz Dec/2014 19.2 15.3 15.0 10.1 9.6 9.1 8.5 8.1 0.0 5.0 10.0 15.0 20.0 25.0 Macassa Mine Complex Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol 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)
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 16 klgold.com 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 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 Fully developed and currently in production 80% developed with 6 stopes in production Currently in development, first stopes expected to come into production in Q4/16 Ramp development towards 5700 Level in progress, expected to start developing this level in 2017
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 17 klgold.com Sustainable Assets EAST TIMMINS ASSETS
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 18 klgold.com East Timmins Operations 2016 Guidance Reserves & Resources Property Wide Mineral Reserves (P&P) 0.8 Moz’s @ 5.3 g/t 5.2M tonnes Mineral Resources (M&I) 1.7 Moz’s @ 4.2 g/t 12.9M tonnes Mineral Resources (Inferred) 2.2 Moz’s @ 4.5 g/t 14.9M tonnes See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. 2016E Gold Production (kozs) 110 - 120 Holt, Holloway and Taylor mines. Head Grade (g/t Au) 4.8 Blended head grade based on tonnes produced from each mine. Property, Plant & Equipment $20 Includes PP&E, and minor infrastructure improvement projects Capital Development $30 Includes new and sustaining capital HOLT MINE ~1,250tpd HOLLOWAY MINE ~500tpd TAYLOR MINE ~550tpd *The property wide M&I and Inferred resources do not include Aquarius which currently has 0.9 Mozs (22.3M tonnes at 1.3 g/t Au) and inferred resources of 230 ounces (9,000 tonnes at 0.8 g/t Au).
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 19 klgold.com East Timmins Properties along the PDFZ Holt, Holloway, Taylor Producing Assets 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 (Lake Shore Gold)
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 20 klgold.com Organic Growth Opportunities EXPLORATION PROGRAMS
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 21 klgold.com 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 • Asses assets for possible divestiture or JV opportunities
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 22 klgold.com Plan View of SMC Drilling in Relation to Infrastructure
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Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 25 klgold.com The ‘04 Break Drilling East of the Tegren Fault
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 26 klgold.com Holloway Mine Exploration Targets Long Section Looking North Smoke Deep Zone Smoke down plunge 2016 Exploration target Holloway North 2016 Exploration target Smoke Up Dip 2016 Exploration target Black Top Lightning Zone
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 27 klgold.com Taylor Mine Exploration Targets Long Section Looking North West Porphyry Zone (WPZ) Indicated 248 koz 1.63M tonnes @ 4.7 g/t Inferred  251 koz 1.86M tonnes @ 4.2 g/t
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 28 klgold.com Kirkland Lake Gold Camp The Kirkland Lake gold camp has been in production for over 100 years One of the highest grade gold camps in the world Almost 25 Moz’s has been produced to date, from seven mines KGI owns five former producing high grade mines with historical production of ~22 Moz’s of gold Average head grade of 15.1 g/t Currently only mining and exploration on one of these past producers Toburn
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 29 klgold.com Regional Exploration Across a Prolific Trend • 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. Kirkland Minerals See press release dated January 19, 2016, as filed on SEDAR
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 30 klgold.com Regional Drilling – Section Looking East SELECTED HIGHLIGHTS AB-15-12 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-23 3,241.4 g/ 0.7 metres 94.54 opt/ 2.3 feet 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-53 12.3 g/ 0.5 metres 0.36 opt/ 1.7 feet AB-15-91 646.3 g/ 0.9 metres 18.85 opt/ 2.8 feet including 1,783.2 g/ 0.3 metres 52.01 opt/ 1.0 feet And 89.5 g/ 0.3 metres 2.61 opt/ 1.0 feet See press release dated November 3, 2015, as filed on SEDAR
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 31 klgold.com Future Upside Potential Yet to Be Unlocked BUILDING VALUE
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 32 klgold.com 2.8x 1.6x 1.5x 1.3x 1.2x 1.2x 1.0x 0.8x 0.8x Hecla Kirkland Lake Klondex Richmont Alamos Silver Standard Argonaut Wesdome Primero KGI Offers Great Value Among Peer Group Note: * SSO values and broker estimates include impact of CRJ; KGI cash costs assume no by-product credits. Source: Analyst reports and FactSet. 2016 Au Eq. Production (k oz) P/2016 Cash FlowP/NAV 2016 Au Eq. Cash Costs (US$/oz) 14.4x 11.1x 11.0x 10.8x 9.0x 8.6x 7.5x 7.0x 4.5x Alamos Wesdome Hecla Richmont Klondex Kirkland Lake Argonaut Silver Standard Primero $842 $788 $787 $784 $729 $698 $660 $629 $586 Hecla Alamos Wesdome Argonaut Silver Standard Richmont Kirkland Lake Klondex Primero 481 398 379 282 265 148 137 102 54 Hecla Alamos Silver Standard Kirkland Lake Primero Klondex Argonaut Richmont Wesdome
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 33 klgold.com Adding Value Through A Variety of Projects Efficiency Improvements Short to Medium Term Growth Possibilities Organic Growth Opportunities (3-5 years) Strategic Transactions Ventilation Changeover at Macassa Mine Complex (2016) Hislop Mine (Potential to restart open-pit mining in 2016/2017) KL Regional Drilling Program (Additional Production from the KL Camp) J/V or Partnerships Use of Tele-remote Scooptrams (testing in 2016) 04’ Break above 3400 Level (2017) Holloway Exploration Program (Potential to Increase Throughput) Acquisition or Divestiture of Non-Core Assets Process Taylor ore at the Macassa Mill (Metallurgical work being conducted) Additional Production from the Ghost Zone at Holt (2018) Holt Mine (Conversion of 1Moz of Inferred Resources) Accretive Mergers & Acquisitions Taylor Exploration Program (Potential to Increase Throughput) Note Regarding Forward-Looking Information: The above assumptions are based on internal projections prepared by management and are subject change depending on variability and input metrics used, as well as results and timing of exploration success, if any. 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. Refer to Cautionary Language set about above on page 2.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 34 klgold.com Investment Highlights Strong leadership from an experienced management team with proven results Asset diversification with 4 mines and 2 mills in a safe and mining friendly jurisdiction +270,000 ounces of production with AISC expected between US$1,000 to US$1,050 for 2016 ~$1Billion market capitalization, increased trading liquidity, and inclusion in the GDX index and possible future inclusion in the S&P/TSX Composite index Pure Canadian producer highly leveraged to the Canadian dollar gold price
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 35 klgold.com APPENDIX Notes, additional disclosure and other information
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 36 klgold.com 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. Director 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 Doug Cater, P.Geo. 5 VP Exploration Keyvan Salehi, P.Eng., MBA 5 VP Corporate Development Jennifer Wagner, LL.B. 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, 5 Appointed February 1, 2015
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 37 klgold.com Analyst Coverage Firm Analyst GMP Oliver Turner Dundee Securities Ron Stewart CIBC World Markets Cosmos Chiu Macquarie Capital Markets Michael Siperco BMO Capital Markets Brian Quast M Partners Andrew Mikitchook Mirabaud Securities Richard Morgan Firm Analyst Scotiabank Craig Johnston PI Financial Philip Ker National Bank Financial Raj Ray Clarus Securities Jamie Spratt Investec Bank Hunter Hillcoat Pareto Securities John McClintock KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE AS COVERAGE IS ADDED OR DROPPED BY A FIRM. OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT. KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 38 klgold.com Holt Mine – Long Section All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. P&P Reserves M&I Resources Inferred Resources Holt Mine (All Zones) 591 koz 3.9Mt @ 4.8 g/t Au 957 koz 7.6Mt @ 3.9 g/t Au 1.2 Moz 7.9Mt @ 4.7 g/t Au Zone 4 (includes Zone 4 East) 201 koz 1.5Mt @ 4.3 g/t Au 544 koz 4.4Mt @ 4.0 g/t Au 23 koz 0.2Mt @ 4.0 g/t Au Zone 4 West Extension - - 861 koz 5,552,000 @4.82g/t Au Zone 6 147 koz 0.8Mt @ 6.0 g/t Au 48 koz 0.2Mt @ 7.6 g/t Au 28 koz 0.1Mt @ 7.9 g/t Au Ghost Zone 152 koz 1.0Mt @ 4.5 g/t Au 159 koz 1.4Mt @ 3.4 g/t Au 92 koz 0.8Mt @ 3.7 g.t Au 500 m Surface Shaft Bottom (1.2km) Ghost Zone Zone 6 Zone 4 Zone 4 West Extension • Current production is derived from Zone 4 (~1,000tpd) and Zone 6 (~250tpd) • Ore is crushed underground and skipped to surface for processing at the Holt Mill View looking north
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 39 klgold.com Holloway Mine – Long Section P&P Reserves M&I Resources Inferred Resources Holloway Mine (All Zones) 40 koz 0.2Mt @ 5.4 g/t Au 117 koz 0.8Mt @ 4.6 g/t Au 389 koz 0.2Mt @ 4.9 g/t Au Smoke Deep Zone 24 koz 0.1Mt @ 5.3 g/t Au N/A N/A Blacktop Zone 16 koz 89kt @ 5.5 g/t Au N/A N/A Middle Zone - 24 koz 0.2Mt @ 4.2 g/t Au N/A Deep Thunder/ Canamax - - 350 koz 2.2Mt @ 4.9 g/t Au All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. • Current production is derived predominantly from the Smoke Deep Zone, with a small contribution from the Blacktop Zone (~550tpd) • Ore is crushed underground, skipped to surface, and trucked 1km to the Holt Mill for processing Surface 500 m Shaft Bottom (867m) Smoke Deep Zone Blacktop Zone Canamax Zone Deep Thunder Zone View looking north Middle Zone Lightning Zone
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 40 klgold.com 150m Taylor Mine – Long Section Zone P&P Reserves M&I Resources Inferred Resources WPZ 156 koz’s 0.8Mt @ 6.3 g/t Au 239 koz’s 1.6Mt @ 4.6 g/t Au 222 koz’s 1.7Mt @ 4.0 g/t Au Shoot Zone - 116 koz’s 0.7Mt @ 5.2 g/t Au 3 koz’s 20kt @ 5.2 g/t Au Shaft Zone - - 32 koz’s 205kt @ 5.0 g/t Au Surface Bourgois ClaimShoot Zone All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. • St Andrew declared commercial production at Taylor in November 2015 • Estimated annual production of between 30 - 40 koz’s of gold (~550tpd run rate) • Ore is trucked approximately 70km to the Holt Mill for crushing and processing • Mineralization remains open at depth and along strike Bulk Sample #1 Bulk Sample #21004 Lens 1006-1 Lens 1008-1 Lens 1008-2 Lens 100m 250m 350m 1006-2 Lens 500m View looking north OPEN Underexplored Area
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 41 klgold.com East Timmins – Hislop North Project
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 42 klgold.com KGI Reserve & Resource Estimates Resources are exclusive of Reserves MINERAL RESERVES - As at December 31, 2014 Note: Columns may not add due to rounding. Macassa Mine Complex reserves the ’04 & Main Break and the SMC. MINERAL RESOURCES - As at December 31, 2014 Grade Grade Au opt g/t (000's) 04 & Main Break 485 0.41 440 14.1 201 SMC 1,358 0.65 1,232 22.3 876 Near Surface Target 100 0.42 91 14.4 42 Property Wide 2,114 0.56 1,918 19.2 1,777 Zone Tons (000's) Tonnes (000's) Inferred Note: Columns may not add due to rounding. Property Wide resources include the ’04 & Main Break, SMC, Near Surface Target, as well as peripheral resources blocks (such as the Lakeshore Ramp). The reserve and resource estimates have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters and methods used to estimate the foregoing reserves and resources, available on the Company website at www.klgold.com.. Grade Grade Au Grade Grade Au Grade Grade Au opt g/t (000's) opt g/t (000's) opt g/t (000's) 04 & Main Break 1063 0.4 964 13.7 430 1148 0.42 1041 14.4 483 2,211 0.41 2006 14.1 913 SMC 33 0.37 30 12.7 12 1377 0.67 1249 23.0 917 1,410 0.66 1279 22.6 929 Near Surface Target - - - - - 330 0.34 299 11.7 112 330 0.34 299 11.7 112 Property Wide 1106 0.4 1003 13.7 447 3,096 0.52 2,809 17.8 1,599 4,202 0.49 3,812 16.8 2,047 Measured Tons (000's) Tonnes (000's) Zone Indicated Measured & Indicated Tons (000's) Tonnes (000's) Tons (000's) Tonnes (000's) 1,106 1,003 1,063 1,148 1,337 1,041 1,249 2,006 1,279 Grade Grade Au Grade Grade Au Grade Grade Au opt g/t (000's) opt g/t (000's) opt g/t (000's) '04 & Main Break 545 0.43 494 14.7 236 583 0.48 529 16.5 278 1,128 0.46 1023 15.8 514 South Mine Complex 346 0.51 314 17.5 177 1,120 0.69 1016 23.7 773 1,467 0.65 1,331 22.3 949 Macassa Mine Complex 891 0.46 808 15.8 412 1,703 0.62 1,545 21.3 1,051 2,595 0.56 2,354 19.2 1,463 Proven Tonnes (000's) Tons (000's) Tonnes (000's) Zone Probable Proven & Probable Tons (000's) Tonnes (000's) Tons (000's) 1,023
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 43 klgold.com East Timmins Assets – Mineral Reserves & Resources Total Reserves Measured Indicated Measured + Indicated Inferred Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Holt 3,866 4.75 591 3,702 3.97 473 3,861 3.90 485 7,563 3.94 957 7,866 4.67 1,181 Holloway 233 5.35 40 310 4.71 47 482 4.54 70 792 4.61 117 2,479 4.88 389 Taylor 774 6.27 156 0 0.00 0 2,323 4.76 356 2,323 4.76 356 1,951 4.10 257 Hislop 280 5.16 46 0 0 0 983 4.01 127 983 4.01 127 690 4.16 92 Aquarius - 0 0.00 0 22,300 1.29 926 22,300 1.29 926 9 0.79 0 Clavos - 0 0.00 0 503 4.81 78 503 4.81 78 318 4.73 48 Ludgate - 0 0.00 0 522 4.06 68 522 4.06 68 1,396 3.60 162 Canamax - 0 0.00 0 240 5.09 39 240 5.09 39 170 4.26 23 Total 5,153 5.03 833 4,012 4.03 520 31,214 2.14 2,149 35,227 2.36 2,668 14,879 4.50 2,154 As at December 31, 2014 - See website for notes and additional 43-101 disclosure (www.sasgoldmines.com) Resources are exclusive of Reserves
Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 44 klgold.com www.klgold.com Suzette N Ramcharan, CPIR Director of Investor Relations +1-647-361-0200 info@klgold.com TSX:KGI

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19 corp presentation-bigevent-timmins-handouts-01jun16

  • 1.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 1 klgold.com TSX:KGI GROWTH & VALUE Creating an Ontario Focused Intermediate Gold Producer Timmins Mine Expo – The Big Event | June 1-2, 2016
  • 2.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level 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 handouts and as part of the corporate presentation include, but may not be limited to; statements regarding the Company’s guidance metrics for 2016 and 2017 including, gold production, head grade, cash operating costs, AISC, capital expenditures, revenue, cash flow from operations and free cash flow generation; 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, including mergers and acquisitions. 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.
  • 3.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 3 klgold.com 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; balance is 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 *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.
  • 4.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 4 klgold.com Key Transformational Milestones Operational Improvements Refocused operations on quality tonnes versus quantity tonnes. Efficiency improvements and strict adherence to grade control allowed for increased production with reduced manpower levels. Resulted in a return to profitability and free cash flow generation. Balance Sheet Improvements Completed a successful C$33.5M bought deal; Announced NCIB to repurchase Convertible Debentures. Repurchased a total of $7.2M of Convertible Debentures at a discount. Steady increase in cash balance since July 31, 2014. Resulted in a strengthened balance sheet with ability to repay debt obligations. Strategic Transactions Accretive acquisition of St Andrew Goldfields Ltd., at the bottom of the market to de-risk the business and grow production and cash flow generation. Increased production by ~100,000 ounces in 2016 and ability for further increases in 2017 and beyond. Improved valuation achieving a $1 billion market cap and enhanced access to capital markets and debt providers.
  • 5.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 5 klgold.com KGI Relative Share Price Performance Source: FactSet. Note: Performance as at April 29, 2016. 177% 18% 29% (50%) 0% 50% 100% 150% 200% Nov-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Dec-15 Mar-16 Kirkland Lake (TSX:KGI) Gold Price (C$/oz) GDX Index (C$)
  • 6.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 6 klgold.com Financial Position 52 Week Performance 2 HIGH C$9.58 LOW C$4.49 Current Share Price C$9.57 CAPITAL STRUCTURE 1 ISSUED SHARES 115.5 million Stock Options ~4.3 million FULLY DILUTED ~119.8 million Market Capitalization 2 C$1,094M Enterprise Value 2 C$1,104M Major Shareholders (~40%) 2 Van Eck Associates Corporation (~10%) Resolute Funds (~7%) Eric Sprott (~6%) Sentry Select (~5%) Columbia Asset Management LLC (~5%) Abramson Family (~5%) Harry Dobson (~3%) Sprott Asset Management (~3%) CASH 1 C$ 100 million US$23.7 million 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 6, 2016, 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% 1 As at March 31, 2016: 2 As at April 29, 2016 3 See press release dated April 4, 2016 for details on the NCIB
  • 7.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 7 klgold.com Deleveraging the Balance Sheet (200.0) (150.0) (100.0) (50.0) - 50.0 100.0 150.0 DEBT/CASH $7M Flow Through Raise $33.5M Bought Deal Financing ($110) ($104) ($97) ($56) ($56) ($48) ($40) ($10) Note: Convertible Debentures are due in June and December of 2017. See page 6 above for breakdown of each tranche and respective terms.
  • 8.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 8 klgold.com Q1/16 Financial Results All amounts are in C$ unless otherwise stated. Q1 2016 Q1/16 Vs FQ4/15 COSTS Operating Cost (per tonne produced) $262 US$191 -33% -39% Operating Cost (per ounce sold) $846 US$616 0% -9% All-In Sustaining Costs (per ounce sold) $1,246 US$907 -1% -10% SALES Gold Sales (ounces) 69,309 +77% Average Realized Sales Price $1,584 US$1,154 +7% Revenue (millions) $109.8M +90% CASH FLOW Cash Flow from Operations (millions) $43.7M +111% Free Cash Flow (millions) $23.6M +203% Comparative figures are to the closest corresponding period in the previous year, and prior to Q1/16 do not include results from the East Timmins Operations. Consolidated results do not include results from the ETO from January 1st to January 25th, prior to close of the transaction with St Andrew.
  • 9.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 9 klgold.com All-in Sustaining Cost Trend Over 12 Quarters 1,011 1,073 1,165 996 811 856 786 842 846 807 815 846 $0 $500 $1,000 $1,500 $2,000 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/SY15 Q2/SY15 Q3/SY15 Q1/16 Operating Costs Capital Development PP&E Royalties Corporate G&A Mine-Site Exploration Average Realized Sales Price All amounts are in C$ $1,584
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 10 klgold.com Estimated Cash Flows 2 Year Cash Flow Expectations 1 2016E (millions of C$) 2017E (millions of C$) Opening Cash Balance (January) $130.52 $143.5 Royalty Buyback (one off payment in Q4/16 that will affect free cash) (~$40.0/ US$30) - Free Cash Flow 4 $22 $95 Debt Obligations (interest and/or debt repayment) ($9.0) (~$63.6) 3 Closing Cash Balance (December) $143.5 $174.4 Notes: 1 Cash Flow assumptions are based on a POG of C$1,500/Oz ; a USD to CAD exchange rate of 1.3; Production of 280kos’z in 2016 and 300koz’s in 2017; Capital Expenditures of C$120M in 2016 and C$100M in 2017; and Cash Operating Costs of C$850/oz. 2 Cash Balance is as of March 31, 2016. 3 Debt obligations in 2017 include the payback of the first tranche of the convertible debentures (C$56.9M), plus assumed prorated interest for the year. 4 Free Cash Flow is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015. The above cash flow expectations are based on internal projections prepared by management and are subject change depending on variability and input metrics used. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company’s business. Refer to Cautionary Language set about above on page 2.
  • 11.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 11 klgold.com 2016 Guidance Metrics Guidance Metrics All figures are in C$ unless stated otherwise Macassa Mine Complex East Timmins Operations (ETO) 2016 Guidance Gold Production 1 (kozs) 160-170 110-120 270– 290 Head Grade (g/t Au) 15.1 4.8 7.7 Cash Operating Cash Costs ($/Oz) $800 - $850 (US$600-US$650) 3 All-In Sustaining Costs 2 ($/Oz of gold sold) $1,300 - $1,350 (US$1,000- US$1,050) 3 Total Capital Expenditures (New & Sustaining Capital, Property, Plant & Equipment) $70 Million $50 Million $120 Million 1 Production includes East Timmins for the first 25 days of January (7,189 ozs), as 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 kozsOn track to meet 2016 Production Guidance
  • 12.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 12 klgold.com 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 (Property Wide) 2.2 Mozs (4.5 g/t Au) 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 (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 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
  • 13.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 13 klgold.com A Corner Stone High-Grade Asset MACASSA MINE COMPLEX
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 14 klgold.com Macassa Mine Complex 2016 Guidance Reserves & Resources Property Wide SMC Mineral Reserves (P&P) 1.5 Moz’s @ 19.2 g/t 2.4M tonnes 0.9 Moz’s @ 22.3 g/t 1.3M tonnes Mineral Resources (M&I) 2.0 Moz’s @ 16.8 g/t 3.8M tonnes 0.9 Moz’s @ 22.6 g/t 1.3M tonnes Mineral Resources (Inferred) 1.7 Moz’s @ 19.2 g/t 1.9M tonnes 0.9 Moz’s @ 22.3 g/t 1.2M tonnes 2016E Gold Production (kozs) 160 – 170 70% of tonnes from the SMC and 30% from the ’04/Main Break Head Grade (g/t Au) 15.1 Blended head grade based on tonnes produced from each area of the mine. Property, Plant & Equipment (Includes minor infrastructure improvement projects) $25 The $25 million includes a carry-over of approx. $8 million from 2015 due to a delay in the delivery of equipment from the manufacturer. Capital Development $45 Includes new and sustaining capital See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
  • 15.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 15 klgold.com 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) 15.3 4.2 Moz Dec/2015 Dvolnye Kinross Russia 15.0 1.0 Moz Dec/2015 Moab Khotsong AngloGold Ashanti South Africa 10.1 5.5 Moz Dec/2014 Mponeng AngloGold Ashanti South Africa 9.6 12.1 Moz Dec/2014 Red Lake Goldcorp Canada 9.1 2.1 Moz Dec/2015 Kupol Kinross Russia 8.5 2.1 Moz Dec/2015 TauTona AngloGold Ashanti South Africa 8.1 1.2 Moz Dec/2014 19.2 15.3 15.0 10.1 9.6 9.1 8.5 8.1 0.0 5.0 10.0 15.0 20.0 25.0 Macassa Mine Complex Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol 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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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 16 klgold.com 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 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 Fully developed and currently in production 80% developed with 6 stopes in production Currently in development, first stopes expected to come into production in Q4/16 Ramp development towards 5700 Level in progress, expected to start developing this level in 2017
  • 17.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 17 klgold.com Sustainable Assets EAST TIMMINS ASSETS
  • 18.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 18 klgold.com East Timmins Operations 2016 Guidance Reserves & Resources Property Wide Mineral Reserves (P&P) 0.8 Moz’s @ 5.3 g/t 5.2M tonnes Mineral Resources (M&I) 1.7 Moz’s @ 4.2 g/t 12.9M tonnes Mineral Resources (Inferred) 2.2 Moz’s @ 4.5 g/t 14.9M tonnes See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. 2016E Gold Production (kozs) 110 - 120 Holt, Holloway and Taylor mines. Head Grade (g/t Au) 4.8 Blended head grade based on tonnes produced from each mine. Property, Plant & Equipment $20 Includes PP&E, and minor infrastructure improvement projects Capital Development $30 Includes new and sustaining capital HOLT MINE ~1,250tpd HOLLOWAY MINE ~500tpd TAYLOR MINE ~550tpd *The property wide M&I and Inferred resources do not include Aquarius which currently has 0.9 Mozs (22.3M tonnes at 1.3 g/t Au) and inferred resources of 230 ounces (9,000 tonnes at 0.8 g/t Au).
  • 19.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 19 klgold.com East Timmins Properties along the PDFZ Holt, Holloway, Taylor Producing Assets 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 (Lake Shore Gold)
  • 20.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 20 klgold.com Organic Growth Opportunities EXPLORATION PROGRAMS
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 21 klgold.com 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 • Asses assets for possible divestiture or JV opportunities
  • 22.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 22 klgold.com Plan View of SMC Drilling in Relation to Infrastructure
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 23 klgold.com SMC Drilling on the South Claims
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 24 klgold.com Underground Drilling Testing a New Zone on the ‘04 Break
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 25 klgold.com The ‘04 Break Drilling East of the Tegren Fault
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 26 klgold.com Holloway Mine Exploration Targets Long Section Looking North Smoke Deep Zone Smoke down plunge 2016 Exploration target Holloway North 2016 Exploration target Smoke Up Dip 2016 Exploration target Black Top Lightning Zone
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 27 klgold.com Taylor Mine Exploration Targets Long Section Looking North West Porphyry Zone (WPZ) Indicated 248 koz 1.63M tonnes @ 4.7 g/t Inferred  251 koz 1.86M tonnes @ 4.2 g/t
  • 28.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 28 klgold.com Kirkland Lake Gold Camp The Kirkland Lake gold camp has been in production for over 100 years One of the highest grade gold camps in the world Almost 25 Moz’s has been produced to date, from seven mines KGI owns five former producing high grade mines with historical production of ~22 Moz’s of gold Average head grade of 15.1 g/t Currently only mining and exploration on one of these past producers Toburn
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 29 klgold.com Regional Exploration Across a Prolific Trend • 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. Kirkland Minerals See press release dated January 19, 2016, as filed on SEDAR
  • 30.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 30 klgold.com Regional Drilling – Section Looking East SELECTED HIGHLIGHTS AB-15-12 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-23 3,241.4 g/ 0.7 metres 94.54 opt/ 2.3 feet 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet AB-15-53 12.3 g/ 0.5 metres 0.36 opt/ 1.7 feet AB-15-91 646.3 g/ 0.9 metres 18.85 opt/ 2.8 feet including 1,783.2 g/ 0.3 metres 52.01 opt/ 1.0 feet And 89.5 g/ 0.3 metres 2.61 opt/ 1.0 feet See press release dated November 3, 2015, as filed on SEDAR
  • 31.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 31 klgold.com Future Upside Potential Yet to Be Unlocked BUILDING VALUE
  • 32.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 32 klgold.com 2.8x 1.6x 1.5x 1.3x 1.2x 1.2x 1.0x 0.8x 0.8x Hecla Kirkland Lake Klondex Richmont Alamos Silver Standard Argonaut Wesdome Primero KGI Offers Great Value Among Peer Group Note: * SSO values and broker estimates include impact of CRJ; KGI cash costs assume no by-product credits. Source: Analyst reports and FactSet. 2016 Au Eq. Production (k oz) P/2016 Cash FlowP/NAV 2016 Au Eq. Cash Costs (US$/oz) 14.4x 11.1x 11.0x 10.8x 9.0x 8.6x 7.5x 7.0x 4.5x Alamos Wesdome Hecla Richmont Klondex Kirkland Lake Argonaut Silver Standard Primero $842 $788 $787 $784 $729 $698 $660 $629 $586 Hecla Alamos Wesdome Argonaut Silver Standard Richmont Kirkland Lake Klondex Primero 481 398 379 282 265 148 137 102 54 Hecla Alamos Silver Standard Kirkland Lake Primero Klondex Argonaut Richmont Wesdome
  • 33.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 33 klgold.com Adding Value Through A Variety of Projects Efficiency Improvements Short to Medium Term Growth Possibilities Organic Growth Opportunities (3-5 years) Strategic Transactions Ventilation Changeover at Macassa Mine Complex (2016) Hislop Mine (Potential to restart open-pit mining in 2016/2017) KL Regional Drilling Program (Additional Production from the KL Camp) J/V or Partnerships Use of Tele-remote Scooptrams (testing in 2016) 04’ Break above 3400 Level (2017) Holloway Exploration Program (Potential to Increase Throughput) Acquisition or Divestiture of Non-Core Assets Process Taylor ore at the Macassa Mill (Metallurgical work being conducted) Additional Production from the Ghost Zone at Holt (2018) Holt Mine (Conversion of 1Moz of Inferred Resources) Accretive Mergers & Acquisitions Taylor Exploration Program (Potential to Increase Throughput) Note Regarding Forward-Looking Information: The above assumptions are based on internal projections prepared by management and are subject change depending on variability and input metrics used, as well as results and timing of exploration success, if any. 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. Refer to Cautionary Language set about above on page 2.
  • 34.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 34 klgold.com Investment Highlights Strong leadership from an experienced management team with proven results Asset diversification with 4 mines and 2 mills in a safe and mining friendly jurisdiction +270,000 ounces of production with AISC expected between US$1,000 to US$1,050 for 2016 ~$1Billion market capitalization, increased trading liquidity, and inclusion in the GDX index and possible future inclusion in the S&P/TSX Composite index Pure Canadian producer highly leveraged to the Canadian dollar gold price
  • 35.
    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 35 klgold.com APPENDIX Notes, additional disclosure and other information
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 36 klgold.com 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. Director 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 Doug Cater, P.Geo. 5 VP Exploration Keyvan Salehi, P.Eng., MBA 5 VP Corporate Development Jennifer Wagner, LL.B. 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, 5 Appointed February 1, 2015
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 37 klgold.com Analyst Coverage Firm Analyst GMP Oliver Turner Dundee Securities Ron Stewart CIBC World Markets Cosmos Chiu Macquarie Capital Markets Michael Siperco BMO Capital Markets Brian Quast M Partners Andrew Mikitchook Mirabaud Securities Richard Morgan Firm Analyst Scotiabank Craig Johnston PI Financial Philip Ker National Bank Financial Raj Ray Clarus Securities Jamie Spratt Investec Bank Hunter Hillcoat Pareto Securities John McClintock KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE AS COVERAGE IS ADDED OR DROPPED BY A FIRM. OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT. KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 38 klgold.com Holt Mine – Long Section All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. P&P Reserves M&I Resources Inferred Resources Holt Mine (All Zones) 591 koz 3.9Mt @ 4.8 g/t Au 957 koz 7.6Mt @ 3.9 g/t Au 1.2 Moz 7.9Mt @ 4.7 g/t Au Zone 4 (includes Zone 4 East) 201 koz 1.5Mt @ 4.3 g/t Au 544 koz 4.4Mt @ 4.0 g/t Au 23 koz 0.2Mt @ 4.0 g/t Au Zone 4 West Extension - - 861 koz 5,552,000 @4.82g/t Au Zone 6 147 koz 0.8Mt @ 6.0 g/t Au 48 koz 0.2Mt @ 7.6 g/t Au 28 koz 0.1Mt @ 7.9 g/t Au Ghost Zone 152 koz 1.0Mt @ 4.5 g/t Au 159 koz 1.4Mt @ 3.4 g/t Au 92 koz 0.8Mt @ 3.7 g.t Au 500 m Surface Shaft Bottom (1.2km) Ghost Zone Zone 6 Zone 4 Zone 4 West Extension • Current production is derived from Zone 4 (~1,000tpd) and Zone 6 (~250tpd) • Ore is crushed underground and skipped to surface for processing at the Holt Mill View looking north
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 39 klgold.com Holloway Mine – Long Section P&P Reserves M&I Resources Inferred Resources Holloway Mine (All Zones) 40 koz 0.2Mt @ 5.4 g/t Au 117 koz 0.8Mt @ 4.6 g/t Au 389 koz 0.2Mt @ 4.9 g/t Au Smoke Deep Zone 24 koz 0.1Mt @ 5.3 g/t Au N/A N/A Blacktop Zone 16 koz 89kt @ 5.5 g/t Au N/A N/A Middle Zone - 24 koz 0.2Mt @ 4.2 g/t Au N/A Deep Thunder/ Canamax - - 350 koz 2.2Mt @ 4.9 g/t Au All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. • Current production is derived predominantly from the Smoke Deep Zone, with a small contribution from the Blacktop Zone (~550tpd) • Ore is crushed underground, skipped to surface, and trucked 1km to the Holt Mill for processing Surface 500 m Shaft Bottom (867m) Smoke Deep Zone Blacktop Zone Canamax Zone Deep Thunder Zone View looking north Middle Zone Lightning Zone
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 40 klgold.com 150m Taylor Mine – Long Section Zone P&P Reserves M&I Resources Inferred Resources WPZ 156 koz’s 0.8Mt @ 6.3 g/t Au 239 koz’s 1.6Mt @ 4.6 g/t Au 222 koz’s 1.7Mt @ 4.0 g/t Au Shoot Zone - 116 koz’s 0.7Mt @ 5.2 g/t Au 3 koz’s 20kt @ 5.2 g/t Au Shaft Zone - - 32 koz’s 205kt @ 5.0 g/t Au Surface Bourgois ClaimShoot Zone All figures are rounded. See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. • St Andrew declared commercial production at Taylor in November 2015 • Estimated annual production of between 30 - 40 koz’s of gold (~550tpd run rate) • Ore is trucked approximately 70km to the Holt Mill for crushing and processing • Mineralization remains open at depth and along strike Bulk Sample #1 Bulk Sample #21004 Lens 1006-1 Lens 1008-1 Lens 1008-2 Lens 100m 250m 350m 1006-2 Lens 500m View looking north OPEN Underexplored Area
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 41 klgold.com East Timmins – Hislop North Project
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 42 klgold.com KGI Reserve & Resource Estimates Resources are exclusive of Reserves MINERAL RESERVES - As at December 31, 2014 Note: Columns may not add due to rounding. Macassa Mine Complex reserves the ’04 & Main Break and the SMC. MINERAL RESOURCES - As at December 31, 2014 Grade Grade Au opt g/t (000's) 04 & Main Break 485 0.41 440 14.1 201 SMC 1,358 0.65 1,232 22.3 876 Near Surface Target 100 0.42 91 14.4 42 Property Wide 2,114 0.56 1,918 19.2 1,777 Zone Tons (000's) Tonnes (000's) Inferred Note: Columns may not add due to rounding. Property Wide resources include the ’04 & Main Break, SMC, Near Surface Target, as well as peripheral resources blocks (such as the Lakeshore Ramp). The reserve and resource estimates have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters and methods used to estimate the foregoing reserves and resources, available on the Company website at www.klgold.com.. Grade Grade Au Grade Grade Au Grade Grade Au opt g/t (000's) opt g/t (000's) opt g/t (000's) 04 & Main Break 1063 0.4 964 13.7 430 1148 0.42 1041 14.4 483 2,211 0.41 2006 14.1 913 SMC 33 0.37 30 12.7 12 1377 0.67 1249 23.0 917 1,410 0.66 1279 22.6 929 Near Surface Target - - - - - 330 0.34 299 11.7 112 330 0.34 299 11.7 112 Property Wide 1106 0.4 1003 13.7 447 3,096 0.52 2,809 17.8 1,599 4,202 0.49 3,812 16.8 2,047 Measured Tons (000's) Tonnes (000's) Zone Indicated Measured & Indicated Tons (000's) Tonnes (000's) Tons (000's) Tonnes (000's) 1,106 1,003 1,063 1,148 1,337 1,041 1,249 2,006 1,279 Grade Grade Au Grade Grade Au Grade Grade Au opt g/t (000's) opt g/t (000's) opt g/t (000's) '04 & Main Break 545 0.43 494 14.7 236 583 0.48 529 16.5 278 1,128 0.46 1023 15.8 514 South Mine Complex 346 0.51 314 17.5 177 1,120 0.69 1016 23.7 773 1,467 0.65 1,331 22.3 949 Macassa Mine Complex 891 0.46 808 15.8 412 1,703 0.62 1,545 21.3 1,051 2,595 0.56 2,354 19.2 1,463 Proven Tonnes (000's) Tons (000's) Tonnes (000's) Zone Probable Proven & Probable Tons (000's) Tonnes (000's) Tons (000's) 1,023
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 43 klgold.com East Timmins Assets – Mineral Reserves & Resources Total Reserves Measured Indicated Measured + Indicated Inferred Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Holt 3,866 4.75 591 3,702 3.97 473 3,861 3.90 485 7,563 3.94 957 7,866 4.67 1,181 Holloway 233 5.35 40 310 4.71 47 482 4.54 70 792 4.61 117 2,479 4.88 389 Taylor 774 6.27 156 0 0.00 0 2,323 4.76 356 2,323 4.76 356 1,951 4.10 257 Hislop 280 5.16 46 0 0 0 983 4.01 127 983 4.01 127 690 4.16 92 Aquarius - 0 0.00 0 22,300 1.29 926 22,300 1.29 926 9 0.79 0 Clavos - 0 0.00 0 503 4.81 78 503 4.81 78 318 4.73 48 Ludgate - 0 0.00 0 522 4.06 68 522 4.06 68 1,396 3.60 162 Canamax - 0 0.00 0 240 5.09 39 240 5.09 39 170 4.26 23 Total 5,153 5.03 833 4,012 4.03 520 31,214 2.14 2,149 35,227 2.36 2,668 14,879 4.50 2,154 As at December 31, 2014 - See website for notes and additional 43-101 disclosure (www.sasgoldmines.com) Resources are exclusive of Reserves
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    Click to editMaster title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level TSX:KGI 44 klgold.com www.klgold.com Suzette N Ramcharan, CPIR Director of Investor Relations +1-647-361-0200 info@klgold.com TSX:KGI