Good afternoon, ladies and gentlemen. My name is Brandy, and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold conference call and webcast to discuss the company's second quarter 2021 financial and operating results. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. With that, I would now like to turn the call over to your Senior Vice President, Investor Relations, Mark Utting. Thank you very much, operator. Good morning, everyone. Welcome to our second quarter 2021 conference call and webcast. With me today are most members of Kirkland Lake Gold senior executive team. Speaking during the presentation will be Tony Makuch, our President and Chief Executive Officer, David Soares, our Chief Financial Officer, Ian Holland, Vice President of Australian Operations, Larry Lazeski, our General Manager for Detour Lake Mine, Evan Pelletier, Vice President Mining for Kirkland Lake, and Eric Kallio, our Senior Vice President of Exploration. As mentioned, there are also several other members of the Executive Team participating on the line as well. After our presentation, we'll then open up the call to questions. We ask each person to limit themselves to two questions today. The slide deck that we'll be referring to is on our website, both on the homepage and the events section. Before I get started, I would like to direct you to the slides on the show and on the website, relating to forward-looking statements. Our remarks and answers to questions may contain and likely will contain forward-looking information about future events relating to our company. Please refer to slide two as well as Forward-Looking Information section of our MD&A dated July 28, 2021, for the three and six months ended June 30, 2021. Also, during today's call, we'll be making reference to non-IFRS performance measures. A reconciliation of these measures is available in our Q2 and six-month press release in MD&A. Finally, I'll just emphasize that all dollars mentioned today will be in US dollars unless otherwise stated. With that, I'll turn the call over to Tony Makuch, President and CEO of Kirkland Lake Gold. Thanks, Mark, and thanks, everybody, for being on the call. A nice summer day in Canada here. We don't get a lot of these days, so we've got to learn to enjoy them. We'll try to be efficient. We appreciate you guys being on the call and give you some time after we get through this presentation and after question and answer to at least enjoy some of the sunshine that you're seeing out there. Anyway, I'm going to start on slide four. I think we did put out a press release. You do look at the results for the quarter. Another very solid quarter with record results in earnings in throughput and Detour, et cetera. I'll give more detail on that later. Again, we are on this call, and we get the benefit of being able to talk about these results. It's really the result of the work of a lot of people within Kirkland Lake Gold and our suppliers and their efforts and the communities and everybody that supports us. We would be remiss if we didn't say thanks to everybody for your hard work. It's not easy, the business that we do. As the board recognizes sometimes, when you look at all the challenges that we face in terms of trying to mine gold at depths and/or extract bits of gold out of the rock. It's not an easy business, but you've got a lot of people that are working really hard that make it look easy. Anyway, thanks for their efforts. The other part is, again, in acknowledging that within our operations, both in Canada and Australia, our mines are located on traditional lands of numerous indigenous communities. In Kirkland Lake, we have an IBA in Kirkland Lake, we're in an Impact Benefit Agreement and a very good working relationship with both the Wahgoshig First Nation and the Matachewan First Nation just outside of Kirkland Lake. Over in Detour, we occupy the traditional lands of the Moose Cree, based up at Moose Factory Island, just on the James Bay coast, as well as Taykwa Tagamou Nation based just outside of Cochrane, Ontario, and the Wahgoshig First Nation as well. Similarly, we do have exploration agreements. We are working sort of over the Quebec border and the lands there. It's part of the traditional lands of the Cree Nations of Quebec. Over in Australia, whether it's down in Victoria at Fosterville with the Dja Dja Wurrung, as well as up in the Northern Territory in Australia, where we're working on doing some ceilings to the land. It's the Wagiman and the Jawoyn groups, Aboriginal groups. We have lots of respect, and we really appreciate the opportunity to be partners and to be able to operate on these traditional lands. We're just going through a period of time here in Canada. There's been a lot of developments in terms of the Truth and Reconciliation happening in Canada. I guess from our perspective, We as a company, we support people. We recognize that maybe sometimes we have to all recognize the truth of maybe things that happened in the past. We can't do things to correct the past, but we can demonstrate as we go forward what we do, and how we want to work on these lands and work with our partners in these areas. Anyway, maybe I'll get into our results. Before I do that, again, that's why four talks about give an update on our COVID-19 response. This is COVID-19 we're talking about here, but it's in 2021, and we're hoping that it doesn't become a COVID 2021 or COVID 2022. We are encouraged by the developments in Ontario. We do know that now there's some new lockdowns in Australia, but in terms of everything happening from a COVID perspective and the impact on our site, it is minimal impact at this point in time. Maybe over the last 1.5 years, two years, the people in Kirkland Lake Gold have done exceptionally well in terms of putting in good policies and procedures and how we work and people adopting ways to protect each other and work together. We've had a lot of success. We have had some outbreaks as defined by public health at both Macassa and Detour Lake in Ontario during the second quarter. The company and the people were very proactive in responding and the situation was quickly resolved. Actually, in fact, in both cases, we were recognized by the local health units, both Porcupine Health Unit, which looks after the Detour and the Timiskaming Health Unit for Kirkland Lake, in terms of what we did to prevent transmission and protect our people and protect any community spread from these efforts. Thanks, everybody, for continuing to work hard in these areas and work towards staying safe. Turning to slide 5, I'll take a moment to give you an update on our responsible mining efforts. We are a signatory to the Responsible Gold Mining Principles, and we're working to achieve compliance to these objectives in our business. At the same time, we're working to also support the industry as a whole to achieve these objectives as well. Fundamentally for us, responsible mining is integral to everything we do, and it's part of our culture, and we believe it's not just good enough for us to do it. At Kirkland Lake Gold, we want to make sure that the rest of the industry is there with us, and we can demonstrate leadership to the rest of the industry, and not just the gold mining companies, but all the mining companies in the region. Additionally, as you may recall, in Q1, we pledged to achieve a net zero carbon emissions by 2050 or earlier. We've been working towards that, establishing a net zero task force. We've been working on trying to identify what our carbon footprint is at this point in time and in all different areas, then work out ways to, what does it mean? How do we do? Look at ways to communicate it internally. There's lots to do there. We've also made a pledge where we made a commitment to invest $75 million per year over the next five years, basically on supporting a number of efforts. One is reducing our greenhouse gas footprint and the impact from our sites. Looking at ways to reduce our use of carbon. Looking at big areas, investing in technology and innovation to support a safer, more productive workplace and to digitization, automation. We're working towards creating smart mines at our mines, both Detour and Macassa in Canada, as well as Fosterville in Australia. We've also committed to providing support to our local communities and regions where our people live, where people work, to support these areas, make them more livable for our people and for the people in those communities who host us. During Q2 2021, we made a number of achievements in these key areas. We made a significant donation on the area of community support over in Bendigo, next to Fosterville in Victoria, Australia. We made a $12 million community partnership fund. We also made a major commitment to the Kirkland Lake Hospital, including providing financing for complete redevelopment of the emergency department at the hospital. Building also on our leadership in minimizing and reducing carbon emissions, we took additional steps in Q2 2021 to achieve further reductions. Some of those, an example, would be the rollout of our new fleet of the Z50 trucks at Macassa, which are the world's first 50-tonne underground haul trucks. I'm going to turn over to our financial and operating results on slide 6. As I mentioned, we had an excellent quarter in Q2, highlighted by record net earnings of $244 million, or $0.91 per share. I think that's pretty much industry-leading, by the way. A solid increase in quarterly production. It was 15% higher than Q2 2020 and 15% from Q1 2021. We had strong revenue growth and significant increase in both operating and free cash flow. All three of our mines increased production during Q2 2021, with Fosterville having a particularly successful quarter. In Canada, both Detour Lake and Macassa achieved solid production growth related to both prior periods. Looking at our unit costs in Q2, we beat our full-year guidance ranges. We are being impacted by the FX rates, but our operations are doing very well managing costs, and we continue to target our existing guidance. In terms of cash flow, we had operating cash flow of $330 million and free cash flow of $131 million. Operating cash flow translating to free cash flow per share of, sorry, cash flow per share of $1.65. Turning to slide seven, our financial strengths continue to improve. Again, we think we have an industry-leading financial strength. Cash increased to almost $860 million. Again, with no debt. We also continued a very successful track record around capital allocation. We made significant investments for future value creation into our assets while also returning capital to shareholders. What have we been doing? Well, during Q2, we returned $62 million, giving the shareholders $50 million through our Q1 dividend in April and $12 million through the repurchase of 300,000 shares. We also demonstrated our commitment to continuing to repurchase stock. We renewed our NCIB in early June, Our revised NCIB now for the next year, 12 months, gives us the right, the up cost, our ability to repurchase up to 27 million shares. We followed that up by introducing an automatic share purchase plan, which we used now to buy back an additional 300,000 shares in June. We're making good use of the automatic share purchase plan in July, where to date in July, we've purchased about 945,000 shares. That's an additional $38 million. In total, we're able to repurchase 5 million shares on our automatic share purchase plan. Turning to slide 8. Again, when we talk about investing for shareholders and providing value for shareholders, first part is, we definitely invest by giving some money back to shareholders through our dividend policy, through our NCIB, and those ways we make allocations back to shareholders. Second thing is through exploration and investing in our assets in terms of improving the value of these assets. A third way we create value for shareholders is through investing in capital investment into our assets. We continue to have a very successful track record in that. At Detour Lake, we're generating very encouraging exploration results there. We'll talk about them a little bit later. I think the results continue to point to the conclusion that we talked about when we originally did the Detour transaction, that there's an extremely large deposit along the Detour Mine trend that's near surface, that's much larger than is included in the current reserves. I would say that potential, that's just the beginning. We might not be even found the other part yet. There is more once we discover this. We're also making very good progress on multiple growth projects, including optimizing Detour Mine and increasing throughput in the mill. We did have some record throughput during the quarter, during the period, both from a day perspective and for over period. There's been improvements in grade management coming with the new assay lab and looking at changing some of our processes at site, as well as other infrastructure to support the improvements in terms of mill throughput, such as we're looking at putting sets of screens in front of the cone crushers, and we have to have new feed systems to support when we're down for maintenance. There's a lot of projects. Investing over at Macassa at the number four shaft. The number four shaft is a significant project. It currently continues to remain ahead of schedule and on track for completion late next year. We also at Macassa have continued to have a significant exploration success. We issued a press release a couple weeks ago, which the results continue to show that the sulfide complex is going to keep growing. It also highlights the potential there along both the Amalgamated Break and the Main Break for new mineralization and new potential mining areas in future. At Fosterville, we've already talked about the strong results in Q2 and year to date 2021, but basically Fosterville's having a tremendous year and Ian Holland will discuss it more shortly. Apart from the results, we have also made progress with key underground development, critical for the future exploration and sustainability of Fosterville in developing the Robins Hill as a second mining front, but also in looking for deeper down plunge extensions and new discoveries such as the Swan Zone. On slide nine, this is looking at the year-to-date results. We achieved better-than-expected production of 682,000 oz for the first half of the year. This is mainly due to Fosterville. We achieved a very solid unit cost performance. We had record half-year earnings and earnings per share and very strong cash flow. You can also see on the slide that so far this year, we have repurchased 2.3 million shares for close to $100 million. That includes 945,000 shares we had bought back in March. In total, we have returned around $1.1 billion to shareholders since the beginning of last year. I think very importantly, additionally on top of the strong results, we've also poised for a very strong second half of 2021 and for strong value creation going forward. We do have a lot of catalysts coming up in the company. The main catalyst being the updated resource reserve estimate at Detour, which we're talking about into Q1. The finishing for this year, effective December 31, 2021, but coming out in Q1 2022. As we talk about with the completion and the use of the new number four shaft to build a new mine over at Macassa. Looking at slide 10, this shows our performance against guidance. As you can see, we're very well positioned to achieve our guidance entering the second half of the year. In our Q2 results and press release, we discussed FX rates and the fact that the stronger than budgeted Canadian and Australian dollars is having an impact on our cost and expenditure performance relative to guidance, relative to the unit cost guidance, not in terms of dollar spend. Offsetting that impact in the first half of the year were higher than planned sales and effective cost management, as I say, in all three of our operations. As it is, if we continue to see the rates like we have in the first half of the year, we will likely come in right around the top ranges for unit cost and capital spending. Just wrapping that up, what I want to emphasize is that our operations performed very well, our financial results are strong, we continue to have very encouraging exploration results, and we are making excellent progress with all of our key projects and value creation initiatives. With that, maybe I'll turn the call over to David Soares, our Chief Financial Officer, and he'll give you some highlights from the financial results. Take care. Thanks, David. Thank you, Tony, good morning, everyone. I will begin on slide 11. In Q2 2021, we achieved record net earnings of $244.2 million, or $0.91 per share. This represents a 63% increase from $150.2 million in Q2 2020, 51% increase from $161.2 million the previous quarter. The increase from both prior quarter and prior year was ultimately from higher revenues and lower effective tax rates. Q2 2020 also saw a sizable foreign exchange loss of $72.8 million, compared against Q2 2021 foreign exchange gain of $2.6 million. Adjusted net earnings totaled $246.9 million, or $0.92 per share. The difference between adjusted net earnings per share of $0.92 and net earnings per share of $0.91 in Q2 2021 was mainly related to the removal of $3.5 million net mark-to-market gains recognized on warrant liability, care and maintenance costs incurred at our non-operating sites, Holt Complex and the NT, and other items that were not reflective of our operations, like COVID costs and other restructuring charges. Turning to slide 12 in Q2 2021, total revenue is $662.7 million. The change from Q1 2021 is mainly impacted by an increased sales volume and a $26 per ounce increase in average gold price. Compared with Q2 2020, a $111 per ounce increase in average gold price from $1,716 to $1,814 accounted for $36 million of the revenue growth year-over-year. Looking at EBITDA, as shown on slide 13, Q2 2021 EBITDA totaled $451.3 million. A change from Q1 2021 primarily related to a 20% increase in revenues, driven by higher volume and gold price. Compared with Q2 2020, change in EBITDA was due to a 15% increase in revenues and a large foreign exchange loss impacting Q2 2020 EBITDA. Q2 2021 also saw higher depletion and depreciation expense of $111.3 million. The change from Q1 2021 primarily due to higher sales volume. Deferred tax expense was higher in Q2 2021, but overall, the effective tax rate for Q2 2021 was lower, reflecting favorable tax adjustments during the quarter, resulting from reassessments of income taxes paid in prior years. Looking at the next slide, turning to slide 14, we look at our cash balance and cash flow. On the slide, you'll see that our operating cash flow was strong. We generated $487.5 million of operating cash flow in the quarter, before $157 million in cash taxes paid in the quarter. During the quarter, a $98 million tax payment was made in Australia, representing the final tax installment for the 2020 tax year. During the quarter, we invested in our key assets, spending $199 million in capital. Cash used for financing activities of $64.3 million reflected the $11.9 million we used to repurchase shares in Q2, as well as $50.1 million used for payment of the dividend. Turning to the next slide 15 looks at the change in cash in a different way. You could see that the largest contributor to growth in cash was from our operations, which generated about $395 million of cash, which is before income tax paid of $157 million, growth capital investments of $82.5 million, exploration spending of $46.6 million. Other cash outflows include costs incurred at our non-operating sites, the NT and Holt Complex, of $14 million, and corporate G&A of $17 million. As noted in the previous slide, during the quarter, $62 million was returned to shareholders, including $11.9 million used to repurchase shares through the company's NCIB and $50.1 million of dividend payments. Next, I'll turn it over to Ian Holland to discuss operating results at Fosterville. Thanks, David. I'm starting on slide 16. As you have heard, Fosterville had a very strong quarter in Q2, and for that matter, for the first six months of the year. Fosterville produced 158,000 oz in Q2 2021, based on processing 170,000 tons at an average grade of 29.2 g per ton and average mill recoveries of 98.7%. For the year to date, we produced 266,000, nearly 267,000 oz. Consistent with our plan to reduce production in the Swan Zone to draw out mine life in more sustainable levels. The 266,700 oz were approximately 60,000 oz above planned levels for the half year. Two main factors were driving this. The main factor being very strong grade outperformance in several Swan Zone stopes. There was also the benefit of some resequencing that we did in Q2. Looking at resequencing, it involved an area in Swan called Audax. We planned to start a section of stopes from the top and work our way down. However, once optimized, we changed that sequence and really flipped it on its head, and did it from the bottom up. The result of that was bringing some higher-grade stopes from Q4 into the Q2 ton zone. Turning to costs, again, very strong for both Q2 and year-to-date. For Q2, we had operating cash costs of $162 an ounce and all-in sustaining costs of $353 an ounce. For the year-to-date, operating cash costs average $192 an ounce with all-in sustaining costs of $385 an ounce. These are very low numbers. Entering the second half of the year, we're very well-positioned to achieve our production guidance and potentially could do better. We're also well-positioned relative to our cost guidance. I'll now pass the presentation over to Larry Lazeski, Mine General Manager for the Detour Lake Mine. Hey, Larry, just before you come on here, Ian, I don't know if, we don't qualify. I don't think that was a Freudian slip at the beginning. It wasn't just the first six months of solid performance, but Fosterville is on a track record of six years of solid performance. I think there's a point in time when we all have to believe that it's a very good mine, very well run, led by some exceptional people and the people working there, it's an exceptional workforce, an exceptional area to be in. We're just lucky to have it in our portfolio. Anyway, thanks. Ian, sorry about that. Larry, take it away. No, thanks, Tony. Hey, no problem. Thanks, Ian. Starting on slide 17. Detour Lake achieved, as Tony mentioned, record quarterly production in quarter two of 2021 of 166,000 oz based on processing 5.8 million tons, an average grade of 0.96 g per ton with recoveries of 91.5%. This is an increase of 26% from quarter two last year and an increase of 13% from the previous quarter. The quarter-over-quarter increase is largely due to significant improvement in the average grade with our sequencing into higher grade areas as part of our phase 2 mining plan. We've indicated to the market that you would start to see the ramp up in grades starting in quarter two, and we certainly did. The average of 0.96 g per ton was in line with our reserve grade. We also had increases in tons processed since the first quarter. Throughput is typically the lowest of the year. Having said that, you may recall that Q1 this year was a record for first quarter throughput levels. For year to date, we produced 312,000 oz, which is 40% higher than the five months after the acquisition last year and 16% increase from the full six months of year to date 2020. Looking at our operating cash costs, we averaged $610 an ounce in quarter two and $674 an ounce for the year to date. Excluding the impact of FX rates, our Q2 operating costs per ounce improved from last year's second quarter, with much of the increase reflecting higher grades and increased sales volumes. all-in sustaining cost per ounce sold averaged $996 per ounce in quarter two and $1,090 per ounce for the year to date. Looking ahead, we expect continued improvement in grade for the remainder of the year above the Q2 level and are well positioned to achieve our full year 2021 guidance. Moving to slide 18. Again, as Tony had mentioned earlier, we have a significant number of projects ongoing at Detour Lake. Our growth capital expenditures at Detour for the first half of the year totaled $80 million. Of that amount, $44 million was for deferred stripping and $37 million was to support ongoing work to expand capacity. Continued processing plant expansion is on track with good progress on crushing improvements for better capacity. Airstrip had significant progress. We anticipate that being complete by the end of Q3. The tailings facility is progressing well with favorable weather conditions and an early startup. Mobile maintenance facility expansion is nearing completion for the field maintenance area. Finally, as pictured, we're expanding our camp, which will be completed by the end of quarter three. It's just a note that this camp, once complete, will be the largest hotel in Ontario. You can imagine the size of it. With that, I'll turn the call over to Evan Pelletier, Vice President of Mining for Kirkland Lake. Thanks, Larry. I'm starting on slide 19. Production at Macassa in Q2 totaled 55,300 oz at an operating cash cost of $586 and all-in sustaining costs of $848. Q2 2021 production was 32% higher from Q2 2020 and increased 17% from the previous quarter. Higher tons were processed in Q2 2021, mainly due to better than anticipated widths and strike lengths from stopes in the South Mine Complex. Operating cash cost per ounce sold averaged $586 versus a $547 for the same period in 2020 and $699 for the previous quarter, with the increase from Q2 2020 reflecting a stronger Canadian dollar in Q2 2021. The 16% improvement from Q1 2021 largely reflected a favorable impact of higher ounces sold, as well as lower maintenance costs and reduced expenditures related to operating development compared to the previous quarter. All-in sustaining costs per ounce sold was largely unchanged in Q2 2020 as the impact of a stronger Canadian dollar was offset by higher sale volumes. When you include the impact of exchange rates, all-in sustaining costs per ounce sold improved from Q2 2020, reflecting the favorable impact of higher sale volumes, as well as lower operating cash costs and sustaining capital expenditures. Looking at the year-to-date, production at Macassa totaled 103,000 oz based on processing 167,000 tons and at an average grade of 19.5 g per ton, with recoveries in the 97.9%. Year-to-date production increased 11% for the same period in 2020, reflecting a higher average grade and increased tons processed. Turning to slide 20. We'll look at our growth projects that are helping us build the new Macassa mine for the future. Our growth capital expenditure for the first half of the year were $43 million, $30 million in Q2 2021. Of total growth expenditure so far in 2021, $22 million were related to the 4 Shaft project. During the quarter, the shaft advanced approximately 600 feet and had reached a depth of 5,600 feet as of June 30th, 2021. The project ended Q2 2021 ahead of schedule and on track for completion in late 2022. An additional $10 million, $4.7 million in Q2 2021 of growth capital expenditure in year-to-date of 2021 were related to the ventilation expansion project, involving the development of two new ventilation raises. The two new raises will add significant tour ventilation into the mine, which have already improved from the level this time last year. The remaining growth capital expenditure in Q2 2021 mainly relates to the number of underground projects, including lateral development from the mine towards 4 Shaft. I will now pass the presentation over to Eric Kallio, Senior Vice President of Exploration. Thanks, Evan. Good morning, everyone. My first slide today is 21, related to Detour, where we're continuing to advance the large-scale drill program commenced in 2020 to evaluate the potential surrounding the Main and future West Pit. As previously announced, the program includes a minimum of 250,000 m, aiming for an updated resource and potentially expanded mine plan for announcement in early 2022. In terms of progress to date, believe it is still continuing to track very well, with 64,000 m in Q2 and now close to 200,000 m since starting in early 2020. Additional to this, we've now already seen quite a large number of assay returns and had six press releases, including the one in July. Those results continue to look very encouraging. Summarizing some of the results is the current slide, which is a long section from the latest release and containing color-coded pierce points to highlight holes from different areas. Also shown in the image is a series of black dots, which are the pierce points for all holes drilled since the start of drilling in early 2020. As indicated, now starting to really fill in the page, especially in the central and east part of the Saddle. As indicated on the image, results from the new work continue to look very promising in all areas, with some of the best continuing to come from the central part of the Saddle, highlighted by pink and green dots, and including new intercepts such as 1.7 over 80 m and 1.31 over 87, which are in addition to several other good intercepts we've already reported in the same area. Additionally, however, we also had some very good results from below and to the west of the future West Pit, where drilling to date is much more limited. Key intercepts in the West Pit are marked with blue and orange dots and include 1.09 over 70.5 and 1.62 over 77.8 from near the lower limit of the resource pit, as well as 6 g over 14 m, including 25 g over 3 near the 550-m level. Key intercepts to the west include 1.63 over 32, including 13.35 over 2 m from approximately 250 m below and to the west of the current resource pit. Continuing to demonstrate expansion potential in that direction. In summary, work to date at Detour continues to advance along very well. Turning now to my next slide, which is number 22, we see an image for Macassa, where we continue to advance our large exploration program to confirm and expand resources. Key targets for the program include the direct extensions of the SMC, Amalgamated and Main Break between the 53 and 58 level, but with additional work now in progress to access targets below and to the west of the Main Break on 51 and 58, as well as on the SMC on 34. In terms of our drilling, our aim for the year is about 200,000 m and tracking a little bit lower at this time, but in our view, still achieving some good success. The main highlight being shown on the screen at this time from the east part of the 53 level. As shown on the image, the work was focused mainly on testing of areas along strike to the east of the SMC, as well as up and down depth of the current resource and reserve. There are a number of good intercepts in the release. Looking at the area to the east, we saw drilling reaching almost 180 m in this direction and intersecting a number of good values, including a highlight of 589 g per ton over 2 m, quite near the limit of drilling. Looking to the areas up and down dip, we saw new intercepts almost 100 m in each of these directions, with those down dip being near the junction of the SMC with the Amalgamated Break, where we've announced success in other areas before. Those drilled up dip identifying a significant new block with very little testing, and which we will continue to try and expand on from platforms on 53 and 58. Additional to this, we saw some good advancement of the exploration drift toward the new targets on 34, 51, and 58, keeping us on track for drilling to start on these most likely later this year. As mentioned earlier, these new drifts will provide access to areas, the deep and west parts of the Main Break, and as well above the SMC, where we have not really worked on before, but we think have a lot of potential. Now turning to my next slide, which is number 23. We see an image outlining the exploration plan and recent progress at Fosterville. Whereas in Macassa, we have a very large exploration program in place with the vast majority being directed towards lower part of the Fosterville Mine and Robins Hill areas, and the remainder towards a series of promising targets, which are mainly on the mine property. As indicated on the image, work at Fosterville is designed to focus pretty much entirely on the area down plunge of the current reserve for the Swan Zone, includes both development and drilling to convert and expand mineralization to depth, with the vast majority of drilling being from the new 3912 angle drift, which is shown here with a small red line, which we have been working on over the first half this year. Now I'm happy to say that the drift has just been completed in June, and we have drills in progress, five in total and situated along the zone. Although work is still fairly early in this program, we can say that things are proceeding very well, and we expect to have a lot of new drilling done and information to talk about as we proceed later into this year and into early 2022. Turning to Robins Hill, the plan here again is to focus on the area down plunge of the existing reserves, where we continue to believe that we can not only extend mineralization, but we have the potential to identify high-grade zones similar to the Swan Zone. To achieve this, we put together what we think is a very good program, including continued advancement of the Robins Hill decline and drilling from both surface and underground. As with Phoenix, the lower Phoenix area, work is continuing to progress very well, with significant advancement being achieved in the new decline, bringing it to more than halfway to Robins Hill now, and a substantial amount of surface drilling preparations in place for underground drilling to start in Q3 to test the very south side of the Robins Hill structure. From all indications to date, project advancing very well. We look forward to delivering an increasing amount of information on this in the near future. With that, I'll pass the call back to Tony. Great. Thanks, Eric. Thanks to David, Larry, and Evan and Ian for your presentations. As you can see, Kirkland Lake Gold is really a very awesome company. We've had significant success this year, but if you really break it down, as I mentioned, Fosterville, six years of industry-leading and one of the lowest cost gold mines in the world, most profitable gold mines in the world, significant exploration success and significant motivation of people going forward to continue on that track record. We have Macassa in its current form, so we're producing from the historical gold Kirkland Lake camp to be continuing to deliver the solid production results it is and where it can be. It's not quite where we want it to be yet, but we're investing in a new shaft and investing in new ventilation systems that will significantly improve Macassa, and we're patient and diligent working forward there. Once Macassa is by 2023 into 2024, we expect Macassa to be one of the largest underground, most profitable gold mines in Canada. As we see with Detour and the growth coming at Detour has the potential to be the largest gold mine in Canada. Then growing from that to be one of the largest gold mines in North America, let alone definitely in the top quartile in the world. A very solid company. Then if you go by that, you tie it into the excellent results in Q2 2021. We had record earnings and earnings per share. Strong revenue growth, cash flow generation, and as we talked about the progress with both our exploration programs and our investment into our assets. By the way, when we talk about record earnings and earnings per share, it's not only record earnings and earnings per share, but industry-leading earnings per share. We're committed to responsible mining. We're committed to recognizing and supporting the communities where we are and being, in terms of doing what we can to ensure the sustainability in the regions, and that we can make things better in the local communities and for the local indigenous communities in the areas where we are. We recognize and support a strong and honorable and trusting partnership as we move forward into the future. As we also look ahead, from 2021, we're well-positioned to achieve our guidance. Again, when you look coming out of 2021 into 2022, we expect to achieve some very important value-creating catalysts at all three of our mines. There's still lots of exciting things coming up and ahead for us. Anyway, thanks everybody for listening and happy to take any questions. At this time, if you would like to ask a question, please press star, then the number one on your telephone keypad. Again, that is star, then the number one. Your first question comes from the line of Fahad Tariq with Credit Suisse. Hi, good morning. Thanks for taking my question. Just going back to the 2021 guidance you mentioned now expecting the high end of the production guide. Can you talk a bit about just the puts and takes on the cost side? On the one hand, the higher production presumably would lead to lower cost per ounce. At the same time, we're hearing about inflation expectations from some of your peers and, for you specifically, more of an FX impact. Just wanted to get kind of a net effect on cost this year. Thanks. Well, I'll let David answer the question, definitely, we got FX rates that are having an impact, but that's an impact on unit costs because we spend a lot of our money in Canadian and Australian dollars, and I think in Canadian and Australian dollar terms, we are seeing some inflation, such as in fuel prices and steel and a few things. I think the biggest impact is on FX. David, maybe you can give a little bit of color to this. Yeah, no problem, Tony. Yeah, we are seeing inflation in specific areas, as Tony mentioned, diesel and steel, for example, but overall costs in local currencies are pretty much in line with what we had in the budget and what we were seeing even last year. That's really due in part to very good cost management from the sites, our fleets at our operations. You're absolutely right, obviously there is offsets there. Higher production will lead to lower costs and some of these pressures that Tony mentioned with regards to FX are offset by some of that. Basically on the full year cost and expenditure, our guidance was based on Canadian to U.S. exchange rates of 1.31 and Australian to U.S. exchange rate of 1.39 versus what we currently see to date, which is exchange rates of approximately, Canadian 1.25 and Australian 1.35 and year-to-date 1.25 and 1.30. If the current exchange rates continue through the remainder of the year, the expected impact over that period would be to see a bit of an increase in cash costs and AISC. Having said that, we're well below the budget levels for both measures in the first half of the year and based on strong cost performance in each of our three operating operations and if we achieve higher than planned production and sales, we're going to work hard to continue that trend and based on that, we're continuing to target our existing guidance. We've done well so far, and we plan on continuing that trend through to the end of the year. It sounds like the midpoint is still kind of achievable on the cost side. My only other question, just on Fosterville exploration, of course, we've received pretty detailed updates on Macassa and Detour Lake. Just wondering on Fosterville, is it just a function of the drilling is more second half weighted, or I'm just wondering when to really expect more detailed results from Fosterville. Thanks. Eric or Ian, want to answer that? Yeah, I think, go ahead Ian, and I'll hop out. Sorry. I'll go, and you can help me out. Look, the exploration efforts at Fosterville, certainly for the first half, we have been doing some drilling. However, the focus really has been on the development of the exploration drifts. The Phoenix 3912 drift is really going to open up drilling for the second half of the year into the lower Swan area, and we're expecting, we've got five drills on that now, and we're expecting a lot of results to come through the back half of the year. Likewise with the Robins Hill, we've had excellent project advance on the twin drifts all the way out towards Robins Hill and we'll start to see some drilling in Q3 and certainly into Q4 at the really southerly and at depth on the Robins Hill, trying to really expand that resource. That's really been the focus for the first half, has been the development side of things. Eric, if you want to add any more color there? No, I just think that we have to keep in mind that the distance below surface, the Robins Hill targets, we're aiming for areas that are up to 1,000 m on strike and to depth. Very hard to drill from surface with any detail. Now as we get the new platform in on the decline, we're going to start to get a lot more information quickly from that area. It's, yeah. I knew that. I like an ad. Okay, great. That is it for me. Thank you. Your next question comes from the line of Josh Wolfson with RBC Capital Markets. Thanks. Just sort of continuing some of the questions on Fosterville. Obviously, the quarter was very strong, partially from that positive reconciliation and partially from sequencing. Is there any sort of ability to give us some better insight onto what the outlook is for the second half of the year or, specifically the re-sequencing changes that impact the fourth quarter now? Sure. I mean, Natasha or Ian, I think that should be up to you guys. Sure. I'll start Ian, then you can fill in. Hi Josh. Effectively we moved a couple of the higher grade stopes from Q4 into Q2. We'd, I would say, moved about 20,000 oz or 30,000 oz forward into Q2, it will affect our Q4. You will see that we have maintained our guidance for 400,000 oz-420,000 oz for the year. Having said that, looking at our plan, we are well positioned to potentially do better than that. We want to just see how the grades perform for the rest of, at least Q3, as we discussed in our results. We had a significant grade outperformance at Fosterville in the first six months. We're not going to assume that will continue. Generally, at Fosterville, it's a very complex ore body, so, when you have some stopes outperform, there is an offset somewhere down the line. We just want to see how the mine performs over the next few months before we re-look at our guidance. To say the least, we are very comfortable with the 400,000 oz-425,000 oz that we've provided. Okay. Thank you. One other question for Detour. For guidance this year, there's, I guess, an implied improvement in both grade, which it sounds like you're pretty comfortable on, as well as an improvement in throughput, probably towards that 70,000 ton a day rate that's expected next year. Is there any sort of detail that can be provided in terms of how that gap's going to be bridged from that 64.5 that you're running at today to that 70,000 ton a day towards year end? Larry? I think you can read the question pretty quickly. Yeah, for sure. Really it's just continuing to focus on the things that we've been working on. We're going to see by September, we'll see the bypass of 610 refeed system in place. That'll allow us to continue to keep the SAG mills at peak capacity anytime there's any downtime in the crushing circuit. That'll help us and with the initiatives that we've already had in place, like changing the SAG mill vortex lifters. Those are showing promise and really focusing on fragmentation and then getting the right fines in the feed. As far as the mine goes, we're really starting to get to the heart of the ore body as phase 2 develops. At depth, we are working more and more on the other things, and that's really where the better grade is. We do anticipate better grade there. We also have more top here too, which helps with our throughput. Another combination of what we'll see. Got it. Just your comment about the September delivery on some of those processing items, should we see the bigger step up in throughput, more geared towards the fourth quarter in that case? Yeah, it'll be a gradual ramp up throughout the year for sure. Okay. That's all my questions. Thank you. You've had some significant, you've been setting throughput records at all the time and keeping higher levels off consistently, right, Larry? Yeah. Even in July here, we've already, since that our limit of 75,000 tons a day has been removed for 11 days this month, we've already exceeded that. Averages is when we're running, things are running quite well. I don't know if there are any more questions. Certainly. Your next question comes from the line of Ovais Habib with Scotiabank. Thanks, operator. Hi, Tony and Kirkland Lake team, and congrats on a strong quarter and thanks for taking my questions. A couple of my questions have already been answered. Just a quick follow-up on Josh's question regarding the changes in mine sequencing at Fosterville. You talked about what the grade is kind of looking towards like going into the second half. Does this kind of bottom approach sequencing change impact any sort of longer-term guidance? I can take that. You got that, Ian? Yeah, I can take that one, Tony. Sure. Look, it's a good question. Fortunately, the team at Fosterville is constantly optimizing the mine, and we found ourselves in a situation where with the development ahead of ourselves and where we needed to be, it gives the mine some flexibility. We're not seeing any downside to the change in this. It's only a certain part of the overall Swan Zone in the Audax area. We're not seeing any downside to changing the sequence. In fact, we're seeing some upside, particularly when it comes to the mine ability and a few things like that. It's been a really good sequence change in that part of the mine from the mining engineers. Was this in the works for a while now, or this is just a decision that you've taken just recently and made those changes? Yeah. Our plans are rolling, as you can appreciate. The engineering teams are constantly looking at what we've got down here as new information comes in, as we see how the ground behaves, as stoping advances, and we adjust to suit. I suppose the fortunate position we find ourselves in is that we are on top of our development, and that gives us the flexibility to make these adjustments as we go. In this particular case, in this part of the Audax, it was seen that we stood to have a better mineability of that part of the Audax by starting lower down than originally planned. That was the decision that was made. Perfect, Ian. Guys, that's it for me. Thanks so much. Your next question comes from the line of John Tumazos. Please state your company name. Thank you. It's John Tumazos, Very Independent Research. Congratulations on the big upturn in results, both from the Swan Zone and the Harrier Zone at Fosterville. Could you just refresh us as to how tightly the drill hole patterns are for those reserves, and as you develop them and mine the stopes, the potential for variances which were so wonderful this current quarter? How about go ahead, Ian. Ian or Eric? Ian can maybe start on that and wrap up. Thanks, Eric. Another good question. Look, the drill spacing. Look, you have to appreciate that the extremely high-grade areas of the Swan Zone are unique. Quite possibly, you could drill that down to the nth degree and still not get a proper handle on it. Our drilling is down to, at times, 12 by 25 sort of centers, 25 by 25. In a broad range, we have a very good handle, and very good reconciliations back into our models, which we are constantly updating. However, there are specific extreme high-grade areas of that complex Swan vein itself that is very difficult to nail down. We have been accused of possibly being slightly conservative at times. To be fair, one of the world's highest grade ore bodies, it is tough to not be maybe slightly conservative at times. We see some swings and roundabouts. However, on a long run, our reconciliation against model is pretty good. In fact, it's very good, and we get very close to the mark. Thank you. If I could ask one more on the Detour deep West Saddle Zone extensions. I know all the technical studies aren't done. The current reserves appear to carry your production two decades forward at a trend near 800,000 oz expanded a few years. Should, in the big picture, we be thinking of these new drill successes as a third decade of 800,000 oz a year, or possibly a fourth decade of 800,000 oz a year? Do you think it's possible that the output could be expanded above 1 million ounces? I would say you have both of those scenarios. Sorry. Your number two and your number three, I think for another decade of 800,000 oz, I think it's easy to see that there's potential to add and grow for another potential two decades and/or at those levels and/or work towards increasing production again further at Detour. If you do look at the plan, it does show Detour going up to 900,000 oz a year as we progress, right? There's that to look at. At the same time, there's a lot of moving parts at Detour, and we have a lot of things to work on. We talk about initiatives getting to mill 28 million tons per year, but also putting in assay labs, changing some of the processes internally. Combine that, we're trying to understand the size of the mineralizing envelope there and the resource, and then how are you going to mine it, right? I think the thing that we should all take away is the mine that Detour Lake is today is a much better mine than it was a few years ago, and it's going to be a much better mine in a couple of years from now, and potentially has a chance to be a much better mine even beyond that, and a very long life mine. I'll even say, when we're talking about Saddle and the West Extension, that to the west, it doesn't stop. There's a line difference of west of the drilling, so we could go further to the west, and we haven't even drilled any holes much below 700 m. In the current main pit, there's indicated resource at the bottom of the pit. The other part is you focus on getting costs down as you increase the overall site. There's a lot of exciting catalysts that could come out of Detour over the next few years. Thank you, and congratulations. Your next question comes from the line of Cosmos Chiu with CIBC. Hi. Thanks, Tony and team. I guess I can ask a question on the cash side here. Good to see that you're transitioning or adding even more battery-powered trucks to your fleet. Could you remind me how much more can you transition over from diesel-powered equipment to battery-powered equipment? What percentage is that right now in terms of the total fleet in terms of battery-powered equipment? I think Evan would just probably be a good person to answer that question, right? I'll leave it up to you, Natasha, and then Evan. Sure, I can speak to it. Hey, Cosmo. Hey, Evan. How you doing? Currently, we're sitting around 75% of our fleet at battery equipment, the plan is definitely to increase that moving forward for numerous reasons. The trucking fleet has improved tremendously as well. Regardless of some of the ventilation improvements, we still plan on moving forward with carrying on with the battery gear. Yeah. That was the purpose for my question, I know that you're adding the two ventilation raises, which will add about 200,000 CFM of capacity. Could you remind me in terms of, with the battery-powered equipment, with the current fleet right now, what's your draw on the ventilation and what's the capacity here? The current draw on ventilation that we're pulling from surface, Cosmo? Yes. The plan is to have about 300,000 come down 3 Shaft, and then 200 of that is going to go towards the SMC with the current ventilation plan, and 30,000 from one of the raise bores, and 100,000 of that 300,000 going to the lower north. Obviously as we move ahead, things are going to improve with the second raise bore. There's one more leg. We're on the last leg of the four legs of the raise bore to break through on surface. Obviously with 4 Shaft reaching at depth and commissioning, that will improve things drastically in the lower part of the mine. It's to bring the temperatures pretty well down, cooling off the mine as well. If you think about it, your main arteries right now are feeding your ventilation. If you start putting diesel gear in the main arteries, you're just going to heat the mine back up, right? The point is, and the plan is to stick with the battery. It's much more healthier for our employees and for the environment. Yeah. Cosmos, just to clarify, it would be more than double ventilation air to the mine, which is a big part of it. We want to reduce the heat and humidity in the mine and improve the working conditions in the workplace. You would have some flexibility for diesel gear because we are working at the leading edge of battery-powered equipment underground, but our commitment is to battery-powered equipment. The big part of the increase in ventilation, I think the logic to say let's go battery-powered equipment so we don't have to ventilate to the same level, I think is wrong. We need to ventilate to the level, whether with diesel equipment or battery equipment, in order to deal with heat and other conditions that are in the workplace that affect people, and that's our main motivation here. Yeah, and that's good that you brought that up, Tony. I seem to recall last year there were some issues in terms of heat during the summer months. It's been fairly hot in Ontario once again this year. Has it been okay so far in the summer of 2021? Go ahead, Evan. Absolutely. We've definitely seen a positive impact on the ventilation upgrades. In the SMC alone, you're looking at a drop of 3-4 degrees from current year. Things are definitely improving throughout the mine on the ventilation aspect. Yes, it is cooler down there compared to what it was, and last year's summer was rather quite hotter than this year. Yeah. Great. One last question, just to follow up. In Northern Ontario, we've seen some forest fires. I track it. I think there's an Ontario website that tracks it. I don't think there's anything close to Kirkland Lake or Timmins or Cochrane or anything like that. Could you confirm that, and are you at all worried about what's happening? I could speak to that, too. Yeah, we do track it daily, Cosmo. We have an app called windy.com, which helps us out, and it tracks the CO levels and forest fires and wind directions. We're in pretty good shape here so far, and we've been getting quite a bit of rain up north, so things are looking good. Perfect. Great. Those are all the questions I have. Thanks again. There are no further questions at this time. Great. Well, listen, it's Mark here, thanks everybody for participating in the call. As you heard, we had a record quarter in terms of earnings. Not just record, we had industry-leading earnings and very strong cash flow, two things we've been known for the last several years as being at the forefront of the industry. We're making a lot of progress, moving towards some pretty big catalysts for our company from a value creation standpoint. We look forward to our next quarterly call to update you on how much more progress we've made. Thanks a lot and have a great week. Take care. This concludes today's conference call. You may now disconnect.