KL - Kirkland Lake Gold: Another Blowout Quarter In Q2
- Kirkland Lake Gold released its Q2 results last week, reporting quarterly gold production of ~379,200 ounces, a 25% increase sequentially, and 15% increase year-over-year.
- While the company was lapping an easy comp on a year-over-year basis due to COVID-19 restrictions, all of the company's operations performed exceptionally, and guidance is looking conservative.
- Looking ahead, we should see solid growth year-over-year in Q2 2022 as well despite lapping a record quarter, with Macassa and Detour likely to see much higher output.
- I continue to see Kirkland Lake Gold as the sector's top buy-the-dip candidate, and I would view pullbacks below $38.00 as low-risk buying opportunities.
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Kirkland Lake Gold: Another Blowout Quarter In Q2