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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 BillSmith9on Jun 10, 2018 8:32pm
116 Views
Post# 28152424

RE:Eric Sprott holdings in KL

RE:Eric Sprott holdings in KLKL pays a 1.5 cent quarterly dividend, 6 cents a year, or .33% annually.   It has been less than a year, and I couldn't get the numbers to work exactly, maybe someone can.

I don't know if his Canadian brokerage accounts have a dividend reinvestment plan, but if most or all of his shares are in accounts with that feature, you can roughly account for the increased shares through simple dividend reinvestment.  Because it happens "mechanically," there's a good chance that dividend reinvestment shares are exempt from regulatory news blackout periods.  I do not know. 

I do know dividend reinvestment is about as passive as it gets.

I am long KL.
Bullboard Posts