Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.
Bullboard Posts
User Avatar Image
(18)
•••
Comment by JRafflesUKon Jan 31, 2019 3:27am
77 Views
Post# 29300159

RE:Impact of higher gold price on results/share price of KL

RE:Impact of higher gold price on results/share price of KLthe only reason why a miner hedges is for marginal mines to lock in cash to cover debt / other/liabilities
  • KL is Debt free
  • KL has $300m+ cash in the bank
  • KL has very positive cash flow
More importantly would be to ask what KL will be doing with the huge cash resources ...... it was considered at one time to hold bullion as a component of liquid reserves.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities