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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 DaveG999on Mar 15, 2021 3:19pm
167 Views
Post# 32800520

RE:Bossu if we can get some good reserves news at fosterville

RE:Bossu if we can get some good reserves news at fostervilleReserve increases at DL are sure to follow today's drill results. Some of the holes were as good as Fosterville, so it shoulds not matter which mine they come from. 

The biggest problem for shareholders are declining valuations for all these companies - not shrinking resreves or debt.

It does defy logic and rational investing.  Gold deposits such as these are so rare, they do deserve a higher vluation than S&P stocks - which not long ago was the norm.

If valuation is mainly a factor of growth, KL should equal Agnico. Newmont is up 4% today on no visible news. Maybe the fog on valuation is lifting.
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