Fosterville: The Mine That Keeps On Giving
The Fosterville gold mine in Victoria has played a big part in helping owners Kirkland Lake Gold exceed its production guidance for the first quarter of 2021, following a record year in 2020. Combined with strong results from the Detour Lake mine in Ontario, Canada, production results went beyond guidance target levels. Higher gold grades were achieved at Fosterville following changes to mine sequencing, pushing it to another record quarter. The Canadian company delivered record production for the June quarter of 2021 with 379,195oz, a 15% increase on the corresponding period last year and 25% higher than the previous quarter. This was primarily driven by the Fosterville mine achieving higher than planned production. Production at Fosterville for YTD 2021 totalled…