KL - Kirkland Lake Gold: A Blowout Quarter In Q1

• Kirkland Lake Gold released its preliminary Q1 results earlier this month, reporting gold production that was 8% above its expected Q1 guidance of ~280,000 ounces.
• This has set the company up for a beat on its H12021 guidance mid-point of ~625,000 ounces, with ~302,800 ounces of gold produced heading into a stronger Q2.
• Despite Kirkland Lake's industry-leading margins, fortress-like balance sheet, and ownership of two of the highest-grade gold mines globally, the company trades at just ~$460.00 per reserve ounce.
• I continue to see the stock as undervalued near $38.00 per share, and I would expect any sharp pullbacks to provide buying opportunities.

For further details see: