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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Bullboard Posts
Comment by westcoast2019on Sep 11, 2019 6:31pm
91 Views
Post# 30117853

RE:what is driving the price down lately?

RE:what is driving the price down lately?what is driving the price down lately? the other metal stocks are holding up much better...I don't see any news to cause this sharp sell-off...so I am buying a little at a time.... now KL appears oversold in my opinion after being very overbought -------------------------- Despite its rapid price increase I don't agree KL was overbought. I think the main drag on KL is fear that the high grades at Fosterville will be depleted and earnings thus fall away. The exploration success at Macassa has probably taken care of the rescource depletion worry anyway but some positive drill results from Fosterville would go a long ways to ease that concern. It appears we are on schedule for outstanding earnings for this year a big increase over 2018 and that should boost the stock price back up over the next few months as q3 and q4 earnings come in. Barring a collapse in gold price. I think we've seen the worst of the POG drop and should be moving up again soon especially if no China deal is made in Oct. and the if FED lowers interest rates to keep up with the downward spiral from other countries. --- As Mr Trump would say THE BONEHEAD FED. :-) then POG will go up as well. The S&P inclusion may be a 2 edge sword increasing buying when general S&P is up but increasing selling as it drops and dragging our share price with it.
Bullboard Posts