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Kirkland to suspend production at Cosmo next month

Gold producer Kirkland Lake will suspend operations at its Cosmo mine, in the Northern Territory, next month to allow for a review and more exploration.

President and CEO Tony Makuch this week told shareholders that the temporary suspension would allow the company to conduct a review of the operations, and to obtain a better understanding of near-mine exploration targets, including the newly discovered Lantern deposit, to support future profitable organic growth.