Source: Fosterville Mine from Kirkland Lake Gold.
Investment Thesis
The Toronto-based Kirkland Lake Gold (KL) is perhaps the most compelling mid-tier gold miners that we can find in the Gold industry. I have covered the company fourth-quarter results on April 1, 2019.
As I said last week, the business model could not be more straightforward with two high-grade, low-cost operations which support the long-term success of the Company:
- Macassa mine located in northeastern Ontario, Canada
- Fosterville mine located in the state of Victoria, Australia.
Also, Kirkland Lake Gold owns Taylor mine and Holt