KL - Kirkland Lake Gold: Detour Lake Continues To Deliver
- Kirkland Lake Gold announced its Q4 and FY2020 preliminary results last week with a strong finish to the year at all of its operations.
- Despite a challenging year due to COVID-19, the company still managed to grow production by over 41% year-over-year helped by its Detour Lake acquisition.
- Financially, it was a banner year with Kirkland Lake trouncing its share repurchase goal, returning $848 million to shareholders, and tripling its dividend.
- I continue to see Kirkland Lake Gold as a top-10 gold producer given its industry-leading margins, and I see a conservative fair value closer to $60.00, representing significant upside from current levels.
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Kirkland Lake Gold: Detour Lake Continues To Deliver