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. > Kl strategy...

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Comment by peep2on Feb 17, 2021 12:10pm

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Post# 32585112

RE:Kl strategy...

bossu wrote: «Significant financial strength maintained
At Dec. 31, 2020, the company had cash of $848-million (with no debt), an increase of $141-million or 20 per cent from $707-million at Dec. 31, 2019. Cash at Dec. 31, 2020, was unchanged from the previous quarter-end, mainly reflecting the significant capital returned to shareholders during Q4 2020.

This was on Jan 12 .
With earning of $ 555 M in 9 months to Sept 30 additional cash just in 6 weeks in 2021 produced around an additional cash of $ 60 M to the $ 848 M for $ over US 900 in the bank or $ 1 200 B canadian $ in the bank.

Best advice to Tony :while you wait to commit some cash , opportunities are aroud the corner and acquisition cost are going to be much lower than 2 months ago.
Same thing for buying back some shares.
In memory acquisition so far to 31 dec 2020 was $ 51 /sh

At the moment Kl could have a 10% discount ...on the buy back share buyback program.