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Kirkland Lake beats 2016 cost guidance

Canadian miner Kirkland Lake Gold has beaten its operating cost and all-in sustaining cost (AISC) guidance for 2016. Preliminary results show an operating cost of $575/oz and an AISC of $920/oz for the year ended December 31, compared with its forecast operating cost guidance of $600/oz to $650/oz and its AISC guidance of between $1 000/oz and $1 050/oz.