OTCPK:HCGI - Post by User
Comment by
R_J_on May 24, 2017 7:31pm
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Post# 26280205
RE:RE:RE:RE:Strong Performance at Fosterville 70,000-80,000oz Q2 2017
RE:RE:RE:RE:Strong Performance at Fosterville 70,000-80,000oz Q2 2017Kirkland Lake Gold Announces Continued Strong Performance at Fosterville
and Management Changes -
[ Official PDF version of News Release]
https://s21.q4cdn.com/967674075/files/doc_news/Kirkland-Lake-Gold-Announces-Continued-Strong-Performance-at-Fosterville-and-Management-Changes.pdf -
Louis James Comments Quote:
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If you add the currently projected production of 70,000-80,000 ounces of gold at Fosterville for Q2 to the 46,000 ounces produced in the prior quarter, this comes to over half of the mine’s production guidance for full 2017.
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This is great news in that it shows that Kirkland remains firmly on path to deliver the recently increased guidance (200,000-225,000 ounces). -
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As for the changes in management, while important, these are not the kind of changes that we would alter the Kirkland’s story.
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The departure of the COO may look like a serious loss on the People’s front, but we know Kirkland has strong local management at its Australian and Canadian operations.
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So, this move may just be what the company saying it is:
a transition to a more-country focused management. -
End Quote.
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RJ