RE:RE:RE:RE:RE:Just advanced numbers before production relasebogfit wrote: "Just to say that forecasting the production for the last quarter is rather difficult"
As difficult as forecasting POG? Trends indicate that while costs will not substancdially increase toward EOY, a potential for much higher POG is clear. If so, then KL PPS will be impacted by speculation as much as Q4 earnings.
b.
Kirkland Lake released 2019 1st half production numbers last year on July 10, so barring any delays due to the virus I think we will likely see this years resulting production numbers in about 3 weeks.
Hopefully the ramp up after the closures will be going well and 2nd quarter production will be close to last years.
With the POG rising like it has been so far despite the usual June -September summer doldrums I think that when quarterly earnings finally come out in late July or early August there will be a marked contrast between gold miner earnings and that of the general equity market.
While some general equity firms that do a lot of internet business might do well I think most non precious metal companies are going to have horrible 1st half results. Even with businesses getting back to work business will be down and costs still just as high.
We may see a lot of cash coming out of the equity market in search of a better or at least safer home to ride out the storm until things recover more.
Also on the sideline cash holders that haven't by then joined in on the market resurgance scince last March may take a cue that if the market starts another down trend there is no reason to stay in cash as infation from excess money printing may be around the next corner. Equities are going down for a while and bonds being at extreme low interest rates are just not worth looking at. Yet there is a rising precious metals market that might be the better place to be.
At least that is my hope . I think the future looks promising for all gold miners for at least the rest of this year and especially for ones like KL that can stand apart from a struggling economy as a place where real earnings are plentiful.