KL - Kirkland Lake Gold: An Industry Leader Trading At A Deeply Discounted Valuation
- Kirkland Lake Gold released its Q1 results in May and reported quarterly gold production of ~302,800 ounces at all-in sustaining costs of $846/oz.
- This translated to a massive beat vs. its guidance mid-point in its weakest quarter of the year, with output beating by 8%, and costs beating by 15%.
- Looking ahead, Kirkland Lake is positioned to beat guidance, and FY2022 should be a transformational year when we get a better idea of the true potential of Detour Lake.
- I continue to see Kirkland Lake Gold as a top-10 gold producer, and I see this sharp pullback below $38.80 as a low-risk buying opportunity.
For further details see:
Kirkland Lake Gold: An Industry Leader Trading At A Deeply Discounted Valuation