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Kirkland Lake Gold Inc. Annual Information Form

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Kirkland Lake Gold Inc. Annual Information Form KIRKLAND LAKE GOLD INC. ANNUAL INFORMATION FORM For the year ended April 30, 2004 September 17, 2004 INDEX DESCRIPTION PAGE NO. GLOSSARY OF TERMS USED IN THIS ANNUAL INFORMATION FORM.................................................. 1 CORPORATE STRUCTURE ................................................................................................................................... 7 NAME AND INCORPORATION ..................................................................................................................................... 7 INTERCORPORATE RELATIONSHIPS............................................................................................................................ 7 OFFICES..................................................................................................................................................................... 7 REPORTING PERIOD................................................................................................................................................... 7 GENERAL DEVELOPMENT OF THE CORPORATION’S BUSINESS............................................................ 7 THREE-YEAR HISTORY.............................................................................................................................................. 7 Previous Operations............................................................................................................................................. 7 Acquisition of the Kirkland Lake Mining Assets .................................................................................................. 8 Plans for the Mine Properties and Assets ............................................................................................................ 8 Exploration of the Kirkland Lake Mining Properties........................................................................................... 9 Development of the Kirkland Lake Mining Assets................................................................................................ 9 Production............................................................................................................................................................ 9 Personnel.............................................................................................................................................................. 9 SIGNIFICANT ACQUISITIONS .................................................................................................................................... 10 DESCRIPTION OF THE CORPORATION’S BUSINESS.................................................................................. 10 SUMMARY ............................................................................................................................................................... 10 PRINCIPAL MARKETS .............................................................................................................................................. 10 DISTRIBUTION METHODS ........................................................................................................................................ 10 PRODUCTION AND SERVICES ................................................................................................................................... 10 SPECIALIZED SKILL AND KNOWLEDGE.................................................................................................................... 10 COMPETITIVE CONDITIONS...................................................................................................................................... 11 RAW MATERIALS (COMPONENTS)........................................................................................................................... 11 INTANGIBLE PROPERTY ........................................................................................................................................... 11 BUSINESS CYCLE & SEASONALITY.......................................................................................................................... 11 ECONOMIC DEPENDENCE ........................................................................................................................................ 11 RENEGOTIATION OR TERMINATION OF CONTRACTS ................................................................................................ 11 ENVIRONMENTAL PROTECTION............................................................................................................................... 11 EMPLOYEES............................................................................................................................................................. 12 FOREIGN OPERATIONS............................................................................................................................................. 12 LENDING ................................................................................................................................................................. 12 BANKRUPTCY REORGANIZATIONS........................................................................................................................... 12 MATERIAL REORGANIZATIONS................................................................................................................................12 SOCIAL OR ENVIRONMENTAL POLICIES ................................................................................................................... 12 RISK FACTORS......................................................................................................................................................... 13 MINERAL PROJECTS ........................................................................................................................................... 17 FIXED ASSETS – PROPERTY, PLANT AND EQUIPMENT ............................................................................................. 17 MINING PROPERTIES DESCRIPTION AND LOCATION ................................................................................................ 17 RECLAMATION BONDS AND PERMITS...................................................................................................................... 18 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES AND PHYSIOGRAPHY...................................................................... 18 HISTORY.................................................................................................................................................................. 19 Macassa Mine .................................................................................................................................................... 19 Lake Shore Mine................................................................................................................................................. 20 Kirkland Lake Gold Mine................................................................................................................................... 22 Teck-Hughes Mine.............................................................................................................................................. 22 Wright-Hargreaves Mine ................................................................................................................................... 23 GEOLOGICAL SETTING ............................................................................................................................................ 24 The Abitibi Greenstone Belt ............................................................................................................................... 24 The Kirkland Lake Mining Properties................................................................................................................ 25 i MINERALIZATION .................................................................................................................................................... 25 MINERAL RESERVE ESTIMATES............................................................................................................................... 26 CURRENT AND PROPOSED EXPLORATION AND DEVELOPMENT ............................................................................... 28 MINING OPERATIONS .............................................................................................................................................. 31 TAXES ..................................................................................................................................................................... 31 DIVIDENDS .............................................................................................................................................................. 32 DESCRIPTION OF CAPITAL STRUCTURE...................................................................................................... 32 GENERAL................................................................................................................................................................. 32 CONSTRAINTS.......................................................................................................................................................... 32 RATINGS.................................................................................................................................................................. 32 MARKET FOR SECURITIES ...............................................................................................................................
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