- Kirkland Lake Gold released its Q3 results last week and reported quarterly gold production of 339,600 ounces, an increase of 37% year over year.
- While the company had another soli quarter at Fosterville and benefited from higher production with the addition of Detour Lake, it was the weakest quarter at Macassa in two years.
- Fortunately, the issues at Macassa are not recurring, and the higher gold price more than made up for the lower gold sales at the mine in Q3.
- I continue to see Kirkland Lake Gold as a top-10 gold producer in the sector, and I would view any pullbacks below $46.50 as low-risk buying opportunities.
For further details see:
Kirkland Lake Gold: Back On The Sale Rack