RE:RE:RE:RE:RE:RE:what a joke. stock value now below than before newmarket KL SP (as miner currency) has held up reasonably well relative to others like KDX. Still around 2X. If financial performance has any relevance in today’s markets, then
KL should receive a boost tomorrow, when the 2017 Q1 financial will be released. The game changer for the 2017 Q1 bottom line, based on the ounces produced is likely to relate to Fosterville, where there was ……
- A 39% increase over 2016 Q1 ounces.
- 12.3 g/t in 2017, compared to 9.4% g/t in the previous quarter, 2016 Q4.
- Mined tonnes decrease by 13% below the previous quarter, bout ounces increased.
- 30% increase in gold recovered in the gravity circuit = reduced costs.
If KL SP increased to 2.5 x KDX as a result of the above, then I may migrate a parcel of KL to KDX on the hope that KDX will produce some positive reporting on the Hollister mine plan later in 2017 Q2.
My confidence in KDX has been dented by the fact that, although they are good mine builders, they seem to lack the aggressive search for bottom line growth that KL delivers.
For the above reasons, I still regard a KL SP multiple of 2.5 over KDX as being tempting to make a partial switch to 50/50 KL /KDX compared to 75/25 KL / KDX at present.
2017 First Quarter Financial Results and Conference Call Details Full financial results for the three months ended March 31, 2017, will be released before market open on May 4, 2017.
https://www.klgold.com/news-and-media/news-releases/press-release-details/2017/Kirkland-Lake-Gold-Produces-130425-Ounces-of-Gold-in-Q1-2017-Supported-by-Strong-Grade-Performance-at-Macassa-and-Fosterville-Mines/default.aspx