- Kirkland Lake Gold posted another record revenues of $632.843 million for the third quarter of 2020 compared to year-ago revenues of $381.43 million.
- The company produced 339,584 Au Oz this quarter, and the price of gold for Q3 was $1,907 per ounce.
- Based on the free cash flow, Kirkland Lake Gold announced that it would increase by 50% its quarterly dividend to $0.1875 per share effective in 4Q'20.
- KL has underperformed its peers in 2020. However, I believe this temporary weakness is an opportunity to accumulate for the long term.
For further details see:
Kirkland Lake: Stock Performance Is Disappointing