KL - Kirkland Lake sees flat gold production next year edging higher by 2023

Kirkland Lake Gold ([[KL]] -0.2%) forecasts FY 2021 gold production of 1.3M-1.4M oz., roughly flat compared to expected 2020 output, with all-in sustaining costs on track to remain unchanged from 2020 at $790-$810/oz.Guidance for 2021 includes increased growth capital spending to $250M-$275M from 2020 guidance of $95M-$105M, largely in support of future production growth at Detour Lake, and a greater commitment to exploration to follow up on recent drilling success at all three of the company's cornerstone assets.Kirkland Lake also sees production rising to 1.405M-1.545M oz. in three years, as it continues to work towards "achieving a number of significant and potentially transformational milestones," including completion of the Detour drilling program and releasing a new mine plan in 2022.The miner says drilling at Detour Lake "provides increasing evidence that the Main, West and North pit locations involve one large, continuous deposit that can support the transition to a "super pit"

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Kirkland Lake sees flat gold production next year, edging higher by 2023