London: The World Gold Council (WGC), the market development organisation for the gold industry, has welcomed Detour Gold Corporation and Kirkland Lake Gold Ltd. to its Board of Members.
Detour Gold Corporation (“Detour”) is a Canadian mid-tier gold mining company, with expected 2018 production to be between 600,000 and 650,000 ounces. Detour owns and operates the Detour Lake mine, one of the largest gold producing mines in Canada, which has reserves of nearly 16 million ounces of gold.
Kirkland Lake Gold Ltd. is a mid-tier gold producer targeting over 620,000 ounces of gold production in 2018 from mines in Canada and Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential.
David Harquail, Chair of the World Gold Council, commented: “Members of the World Gold Council include the world’s leading and most forward thinking gold mining companies with operations across the globe. I am therefore delighted to welcome both Detour Gold Corporation and Kirkland Lake Gold Ltd to the Board as their support and insights will be highly valued.”
“Detour is pleased to become a member of the World Gold Council, which has been the thought leader in not only expanding the understanding of the benefits of gold but implementing real change, to bring greater access to our unique commodity,” said Paul Martin, President and Chief Executive Officer of Detour Gold Corporation. “We look forward to contributing and supporting the growth of gold around the world through our membership.”
“The World Gold Council plays a critically important role in representing our industry and supporting gold as a mainstream investment across the globe,” said Anthony Makuch, President and Chief Executive Officer of Kirkland Lake Gold. “With two of the world’s highest grade gold mines and a plan to grow annual gold production to more than a million ounces, Kirkland Lake Gold benefits greatly from the Council’s ongoing efforts to make gold more accessible to a broad range of investors, and we are very honoured to be joining this distinguished organisation,” he added.
