Source: Fosterville Mine from Kirkland Lake Gold.
Investment Thesis
The Toronto-based Kirkland Lake Gold (KL) is perhaps the most exciting mid-tier gold miners that we can find in the Gold industry. The business model is simple and based on two high grade, low-cost operations which secure the Company's production profile:
- Macassa mine located in northeastern Ontario, Canada
- Fosterville mine located in the state of Victoria, Australia.
Also, Kirkland Lake owns Taylor mine and Holt mine, both located in northeastern Ontario. The total gold production in 2018 was 723,701 Au Oz from the four