The town experienced an economic decline in the late 1900s, with the closing of the original mines. That ended in 2001, when Foxpoint Resources (now Kirkland Lake Gold Inc. or KLG) bought five of the mining claims in the town and began intensive exploration work. KLG successfully resuscitated the local mining scene, finding new zones of mineralization that, combined with the steadily increasing price of gold, turned the town around. Today, Kirkland Lake is probably one of the most successful communities of its size in Northern Ontario. Some of the more recent developments include: