Under a property purchase deal, production from the Macassa Mine Complex located in Ontario, Canada, was subject to the 4% NSR, capped at $15m, payable to its former owner Kinross Gold Corp.
Kirkland Lake Gold said all of its royalty payment obligations to Kinross Gold have now been fulfilled.
In December 2001, the company acquired the Macassa Mine and the 1,450 ton per day mill along with four former producing gold properties.
