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.

TSX:KL - Post by User

Kirkland Lake Gold Ltd. > Melkior

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Comment by ReefinKeiphon Sep 29, 2020 7:40am

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Post# 31633919

RE:RE:RE:Melkior

ReefinKeiph wrote:

JRafflesUK wrote: KL seems to be shrewd in controlling the target company's exploration property, by way of being able to veto the sale of NSR's in relation to the properties that it is investing in.

In the final analysis, if the target property is viable, then KL will control up to 75%
of gold production. There will be no realisting purchasers for the residual partnership share and therefore KL could achive 100% control without competing bidders.

This seems to avoid the administrative burden of purchasing a company and potential baggage that arises with stock market legals and compliance.

Moreover, KL could seek opportunities swiftly, with board to board agreements.

In principle, extending this policy, could enable KL to achieve semi control outcomes in many prospective mining areas.

There is also an obligation for the target company to put up their % of expenditures at a certain point. If they cant, they either lose their interest completely or get watered down to nothing over time.

K