KL - Kirkland Lake Gold: Detour Lake Delivers Again In Q3

• Kirkland Lake Gold released its Q3 results this week, reporting 5% revenue growth and record net earnings despite a lower average realized gold price in the period.
• The outstanding quarter was driven by record production at Detour Lake and another quarter of grade outperformance from the Swan Zone, offset by lighter than planned output at Macassa.
• With Detour beginning to hit its stride and Macassa set up for meaningful growth once #4 Shaft is complete, the company continues to have a bright future ahead.
• While the stand-alone company is exceptional, merging two of the best companies with significant operational synergies has undeniable benefits and an accelerated path to a re-rating, hence why I continue to favor the merger.

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