Source: Fosterville Mine from Kirkland Lake Gold.
Investment Thesis
The Toronto-based Kirkland Lake Gold (NYSE: KL) is a great miner. We can all agree on that. Gold production growth is exceptional, particularly at Fosterville, and the recent acquisition of the Detour mine will add more gold.
The first quarter already indicated two months of gold production from the Detour mine after Kirkland Lake completed the sale on January 31, 2020. An excellent investment with immediate cash flow generation.
Despite a great profile, Kirkland Lake Gold has managed to underperform the industry with an increase