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Kirkland Lake Gold Update
Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach full strike in 2023/2024. What has really propelled its stock price in recent years was the acquisition and optimization of Newmarket Gold’s for its cornerstone Fosterville Mine. Kirkland acquired [during the bear market in gold] both St. Andrews Goldfields and Newmarket Gold.
Chris Marchese
Tue, 07/07/2020 – 15:08