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KL - Kirkland Lake Gold: Fosterville Production Fell Sharply
Kirkland Lake Gold Ltd.
The company announced net earnings of $161.19 million or $0.59 per diluted share in the first quarter of 2021 compared with $202.88 million or $0.77 in 1Q'20.
Weak gold production this quarter with 302,847 Au Oz due to a sharp drop in production at Fosterville.
I recommend accumulating KL below $37. The stock is a long-term investment.