NEW YORK, NY / ACCESSWIRE / August 8, 2020 / Pomerantz LLP announces that a class action lawsuit has been filed against Kirkland Lake Gold Ltd. ("Kirkland" or the "Company") (NYSE:KL) and certain of its officers. The class action, filed in United States District Court for the Southern District of New York, and indexed under 20-cv-05505, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Kirkland securities between January 8, 2018, and November 25, 2019, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violation of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Kirkland securities during the class period, you have until August 20, 2020, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

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Kirkland is a Canadian limited liability company headquartered in Toronto, Ontario. Kirkland owns and operates gold mines in Canada and Australia. Over the years, Kirkland has established itself as the top leader among gold producers, mainly based on its ultra-low all-in sustaining costs as well as its focus on high-quality underground mines. Kirkland's regulatory filings and other public representations particularly highlight Kirkland's all-in sustaining costs, which averaged about $564 per ounce, representing half of the global average for other gold miners. Additionally, Kirkland frequently touted the high quality of its underground mines, reporting average reserve grade of 18.5 g/t as compared to other gold mines with an average grade of approximately 1 g/t. These and other metrics are important performance indicators that investors rely on in making their investment decisions.

Upon information and belief, leading up to November 25, 2018, Kirkland was considering acquiring Detour Gold Corporation ("Detour"), a Canadian exploration and mining company. Kirkland's acquisition efforts and Detour's identity were undisclosed to Kirkland's investors. Detour was an underperforming gold miner, one-third of the size of Kirkland who consistently recorded significantly worse performance metrics, including high all-in sustaining costs and a low average reserve grade. Detour's costs were more than double of Kirkland's, and well above the average for other gold miners. Additionally, Detour's reserve grade was nearly twenty-fold below Kirkland's.