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. After covering so many gold miners, I am rarely impressed with the financials and production numbers, but this gold miner is an exception.
The business model could not be more appealing with two high-grade, low-cost operations which support the unprecedented long-term success of the company:
- Macassa mine located in Northeastern Ontario, Canada, with a grade of 29.6 G/ton.
- Fosterville mine located in