OTCPK:HCGI - Post by User
Comment by
R_J_on Feb 27, 2017 6:33pm
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Post# 25901926
RE:RE:RE:RE:Kirkland Lake Gold Beats 2016 Unit Cost Guidance; Provides 2
RE:RE:RE:RE:Kirkland Lake Gold Beats 2016 Unit Cost Guidance; Provides 2Kirkland Lake Gold Beats 2016 Unit Cost Guidance; Provides 2017 Cost Outlook -
https://www.klgold.com/investors/news-and-events/news-releases/news-release-details/2017/Kirkland-Lake-Gold-Beats-2016-Unit-Cost-Guidance-Provides-2017-Cost-Outlook/default.aspx -
Louis James Comments Quote:
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These are outstanding results from Kirkland Lake; higher production at lower cost.
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What more could an investor want? -
It’s particularly notable that the Q4 costs came in lower than the average for all of 2016, showing important improvement.
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That’s no surprise, given the higher grade material the company is mining into at both the flagship Macassa and Fosterville mines, but very good to see.
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This bodes well for the company’s financial results, due out on March 29.
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The projections for 2017 look great too. Kirkland Lake is firing on all cylinders, with a clear shot at more and better to come.
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We don’t normally comment on share price fluctuations, other than to point out when they make for good buying opportunities.
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But in today’s case, the dramatic retreat in the face of such good news might make some investors think there’s something bad hidden in the numbers, or leaking from other sources. -
We don’t think so.
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A large shareholder probably just saw this as a liquidity event, or was spooked by gold’s rapid rise and then abrupt reversal in today’s trading. -
End Quote.
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RJ