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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 westcoast2019on Aug 18, 2019 3:01pm
138 Views
Post# 30041025

RE:RE:I was worried about you VD :-))

RE:RE:I was worried about you VD :-))First thanks for your info VD I will make it req'd reading. BTW despite Friday's pullback below $60 CAD it seems to me that overall the  Goodship Lollipop ie KL is heading in the right direction.

GB52. --  AISC includes production taxes and royalties that are non profit based but not corporate income taxes, once a profit is made.
in both Canada and Australia corporate income taxes will take a bite this applies to any corporation in any industry, it means KL will not get to keep all of their untaxed earnings so  then if income taxes are included  in the calc.  before annual earnings are reported Then my earnings  estimate would go down abt 30% . P/E ratio being the same  As far as I can see this reduces the projected share price to about  $93 CAD or $70 US. thanks for pointing that out.
       Also taxes need to be watched closely. Victoria State Australia as you know will be adding a 2.75% production tax similar to what already applies in Northern Territories Aus.  starting Jan.1 2020 and if general corp. tax revenues begin to fall off we can expect more tax increases on the PM sector as governments worldwide get desperate for any revenue sources to try to compensate for ballooning deficits.

In the words of the late GH

     Let me tell you how it will be.
     There's one for you nineteen for me.
     .....
     Don't ask me what I want it for
     If you don't want to pay some more.
      Cause I'm the taxman !
Bullboard Posts