Kirkland Lake Gold Ltd. T.KGI

Primary Symbol: T.KL

Metals & Mining Gold

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.

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Kirkland Lake Gold Ltd. > KL and MKR

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Comment by Goldbug52on Sep 10, 2020 10:41am

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Post# 31532887

RE:RE:RE:RE:RE:KL and MKR

CrimsonT wrote:

JRafflesUK wrote: OK, what are they gonna do with all that US cash which is just piling up but at the same time depreciating! KL is gonna be forced into buying a producing asset IMHO :-))!

Since KL did not dispose of their BTR holding simultaneously with OSK, then they could plan to extend that mill and get some trucks to haul ore from Gladiator & Barry. This project is at least shovel ready, but needs working cap.

Alternatively, buy backs to erode the shares issued to purchase Detour will always be better than sitting on US fiat money.

With Detour sitting on reserves amounting to a couple of decades of production, the rationale for overpaying for Wallbridge needs to be considered.

Its about spiking the grade with wm.

Eh 52, you grow a beain yet?

CT