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.

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Kirkland Lake Gold Ltd.

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Comment by JintsuGehanon Jul 30, 2019 9:42pm

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Post# 29977475

RE:RE:50 cents PARTY TIME

AND One FINAL COMMENT is in regards to Net Use of Cash:

People will say why did cash only go up $ 53 M vs. $ 83.9 M last year...

Net Investing Activities went up around $ 16.3 M vs Q1 (plant expenditures, growth spending, etc.)
Net Financing Activities went up around $ 11.9 M vs Q1 (higher dividend + 400 K shares repurchased with NCIB in Q2)

Total extra cash usage/spending vs last quarter = $ 28,200,000 M USD

If you were to add this back to $ 53 M (the actual cash balance increase in Q2) = $ 81.2 M USD....very similar to Q1 2019 increase of $ 83.9 M!!

Yet with 20,838 LESS OUNCES SOLD in Q2.

Net net, it was still an excellent quarter financially.

Regards,

JIN

JintsuGehan wrote: Also, revenue estimate was for $ 278 M...they did over $ 281 M...excellent that they got $ 1320/oz as their selling gold price.

Also recovery rates @ 98.1 % vs. 97.9 % in Q1 2019.

Grade too was up @ 18.4 g/t Au vs. 17.6 in Q1 2019.

Significant Expenditures at Fosterville and only a $ 3 increase in Fosterville AISC shows power of 39 g/t Au.

Also, all looks back on track at Macassa/Holt Complex post spring flooding issue.

All in all, you could not ask for more based on the quarterly operational issues.

JIN

JintsuGehan wrote: Big deal if AISC is up to $ 638...normal based on water issues at Macassa and Holt.

Fosterville AISC was just $ 3 higher compared to Q1.

Excellent report for a "cra*py" quarter.

Another 400,000 shares re-purchased!!! Unreal.

JIN