KL - Kirkland Lake Gold: Detour Lake Continues To Shine

• Kirkland Lake Gold released its 2021 LOM Plan for Detour Lake, which has confirmed the project's incredible economics, putting to rest the groans that this is a high-cost operation.
• The plan does not include any benefit from 2020 drilling and 270,000 meters of planned drilling in 2021, which should lead to higher grades based on exploration results to date.
• Kirkland Lake has highlighted several areas for improvement, with the 2022 LOM Plan likely to benefit from higher grades, higher reserves, and better efficiency.
• Given that the After-Tax NPV (5%) makes up 65% of Kirkland Lake's market cap at a $1,700/oz gold price with significant upside in the mine plan, the company continues to look dirt-cheap at current levels.

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