RE:Just been talking with Tony...about Q4 production numbersJust to say that Tony did not told me the whole storey.
Production number for the Q4 better than anticipated and the yearly number very good .
He did not told me that they had increase production throughput at Fosterville at the highest level and never seen before
1996 ton/day might be the new standard and show that using a smaller ore grade give good results .The name plate of the mill is up to 2275 t/day.
On the Detour operation increasing the ore grade and increase throughputt
is the beginning to raise the production to 700 000 /year soon and AISC down to $ 900 /oz
We all know Macassa Complex and still lot of room to increase production numbers soon and more than 400 000/425 000 in 2023.
Thank you Tony
Still doing a great job.
bossu wrote: What he told me :
Just want to inform you on the next news release next Friday.
From a call with Tony,a close friend...an hour ago.
Hey Bosus,
Just want to inform you ;
Glad to tell you that the Q4 production number is better than expected and guidance better than expected as usual.
Kirkland Lake Gold Ltd. had record production for the fourth quarter and full year 2020:
. Production in Q4 2019 is 354 000 ounces, for a total production of 1 354 002 oz in 2020
AISC down from the past quater and $ 800 /oz and according to budget .
Cash flow to be $ 1000/oz
Cash on hand :$ 800 M
Just want to say that the buyback process is going very well and heading for 10% this year and 10% in 2021...
Call me back if you need more information on my view in the coming months.
Remenber this :
I'm not going to invest in the overheat gold sector and going on to invest in KL because it is the best Company to be in.