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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

Post by templetooth2on Sep 02, 2021 4:53pm
322 Views
Post# 33806714

Dreaming

Dreaming
Kirkland has a market cap of $US10.87 billion.

Newmont has a m.c. of US$46.97 B and Anglo $6.95 B.

Why would you think either one of those companies would be interested, or capable, of acquiring Kirkland?  If, as some suggest, a triple digit price - presumably Cdn$ - would be required, then the  valuation on KL would be about double: US$22 billion or so.

Give your head a shake. There might well be a consolidation wave about to hit this industry but Kirkland will be a buyer, not a seller.
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