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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: 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

Post by bossuon Mar 27, 2021 10:21am
241 Views
Post# 32892627

From this morning ''seeking Alpha..Execellent Analisis..BUT

From this morning ''seeking Alpha..Execellent Analisis..BUT What I Ilike first :

M&A — Another Potential Bullish Catalyst

With a cash position of likely around $1 billion (if not more) by the end of this quarter, the shares trading at a slight premium to fair value and well above the value of some of its peers, the company should consider more M&A deals. It doesn't have to be the size of the Detour purchase, as I don't feel Kirkland needs to make a big splash. But something small, and highly strategic (e.g., a Marathon Gold (OTCQX:MGDPF), which is trading at less than 0.6x NPV) would keep production steady should exploration drilling at Fosterville not produce the desired results and output at the mine drops considerably more.

Utilizing the cash on the balance sheet for acquisitions is likely a better use than for share buybacks, as it will create more shareholder value over the long-term.

Just to say :Fosterville has a big ''drilling program''and need addditional ''more ore grase''


Very interesting analysis.



KL: Kirkland Lake Gold: My Bearish Thesis Is Playing Out, But Getting Close To A Buy
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