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Kirkland Lake Gold Ltd. 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

Comment by chuck8on Oct 27, 2020 6:36pm
203 Views
Post# 31792983

RE:RE:RE:RE:RE:RE:Wallbridge

RE:RE:RE:RE:RE:RE:WallbridgeI always thought that KL would take out WM partly for their resources close to Detour....but Tony made a strategic move in September (https://wallbridgemining.com/news/wallbridge-enters-into-term-sheet-with-kirkland-lake-gold-on-joint-venture-of-the-detour-east-property/) and this pretty much offers what Detour may need going forward. So maybe KL will take out the rest of WM at some point (afterall, Tony is on their BOD) but on the other hand they likely have achieved what they "need" for Detour with this current arrangement.
So that leaves either WM to develop on their own (highly unlikely) or sell to another. Would KL want another major competitor on their doorstep?? I guess it all comes down to what further drilling will tell them. The recent deal noted above in September was IMHO very strategic for KL but not sure what it provides WM other than perhaps the beginning of a developing (future) relationship with KL.
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