CEO Today Global Awards

www.ceotodaymagazine.com 56 CEO Today Global Awards 2019 canada TONY MAKUCH CEO of Kirkland Lake Gold FIRM PROFILE Kirkland Lake Gold is focused on delivering superior value for its shareholders and cultivating a position within the mining industry as a sustainable leading gold producer Kirkland Lake Gold is a growing gold mining company with target production in 2018 of over 670,000 ounces from mines in Canada and Australia. The production profile of the Company is anchored by two high-grade, low-cost operations, the Macassa Mine located in Northeastern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise. Kirkland Lake Gold is committed to delivering low-cost production, advancing its exploration and development pipeline, and maintaining a large resource and reserve base of quality assets to foster future production growth. Extensive exploration potential, improved visibility to increase mine life, and excess milling capacity at each operation, positions Kirkland Lake Gold to organically grow production to increase value for its shareholders. Mining at Holt is primarily conducted using Long Hole Stoping with cemented rock fill. A 1.2 km deep shaft provides skipping capacity of 1,500 tpd. Currently, approximately 85% of the mining activities takes place in Zone 4 and 6, with development towards Zone 7, in anticipation of starting production in 2018. Ore hoisted from the Holt Mine is conveyed directly to the Holt Mill via a series of 1,000 tonnes to 3,000 tonnes storage bins. The Holt Mill is one of the most efficient gold mills in the region with a capacity of 3,000 tpd, of which approximately 1,500 tpd are supplied from the Holt Mine and a little under 700 tpd from the Taylor Mine, representing a 75% utilization rate. The Holt Mill was constructed in 1988, originally designed for a throughput of 1,360 tpd. Expansions in 1988 and 2001 increased the throughput to 2,500 tpd and 3,000 tpd respectively. Surface ore storage totals 4,900 tonnes in three bins. There is a grinding circuit, two cyclone cluster circuits, a thickener, and a Carbon-in-Leach (CIL) circuit within the plant facilities. Precious metal stripping is performed in batch. Carbon is transferred to an adsorption column where a Zadra process is utilized as the gold elution method. Barren solution is circulated through two shell and tube heat exchangers and a 360 kW electric inline heater. The resulting pregnant solution is pumped from the solution tank to an electrowinning cell. The gold precipitate is further refined using a 125 kW inductotherm furnace. ABOUT TONY MAKUCH Anthony (Tony) Makuch holds a Bachelor of Science Degree (Honours Applied Earth Sciences) from the University of Waterloo in Ontario, and both a Masters of Science Degree in Engineering and a Masters of Business Administration from Queen´s University in Ontario. He is a professional engineer (Ontario) with over 35 years of management, operations and technical experience in the mining industry, having managed numerous projects in Canada and the United States from advanced exploration through production. Prior to joining Kirkland Lake Gold, Mr. Makuch was President and CEO at Lake Shore Gold Inc., from 2008 until its acquisition by Tahoe Resources on April 1, 2016, where he became the Executive Vice-President and President of Canadian Operations. Between January 2006 and March 1, 2008, Mr. Makuch was Senior Vice President and Chief Operating Officer for FNX Mining Company Inc. From 1998 to December 2005 he held progressively senior positions with Dynatec Corporation, including VP, Operations. From 1992 to 1998, Mr. Makuch worked with Kinross Gold Corporation at a number of their North American operations; which included his role as General Manager of the Kirkland Lake Operations at the Macassa Mine and Timmins Operations – Hoyle Pond Mine.