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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.
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(3)
•••
Post by SmokinWillieon Dec 06, 2018 5:49am
118 Views
Post# 29073986

My comment to Seeking Alpha: 'It's Fosterville, Stupid!'

My comment to Seeking Alpha: 'It's Fosterville, Stupid!'Kirkland has upped their 2018 guidance of Fosterville from 300 – 310k oz to >330 oz. A minimum of 20k oz increase or 91 (Q3/18) + 20 = 111k oz. in Q4/2018

 

TD Securities is modeling 122k oz in Q4/2018. A 25% increase over the 91k oz in Q3/18

 

Assuming 111k oz. per quarter in 2019 = 444k oz. in 2019.

 

Assuming 122k oz. per quarter in 2019 = 488k oz. in 2019.

 

However Kirkland is ramping up production of the Swan zone in Fosterville in 2019. They are on-track to producing well over 500k oz. in 2019.

 

I am estimating their 2019 production of 130k in Q1, 140k in Q2, 150k in Q3 and 160k in Q4 for a total of 580k oz. in 2019.

 

I will not be surprised to see Fosterville produce over 600k oz. in 2019 and at vastly lower AISC. ($416 x 310/580 = $222/oz.)

 

Fosterville is going to be a MONSTER in 2019!!!!
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