Gold Firm to Give attention to Useful resource Replace, Continued Exploration in 2019

A report by ROTH Capital Companions highlighted the important thing factors of the latest administration presentation to buyers.

Analyst Jake Sekelsky reported in a January 17 analysis word on the findings of Kirkland Lake Gold Inc.'s Investor Day (KL: TSX; KL: NYSE) held on the identical day.

First, Sekelsky stated, the corporate had a possible inventory catalyst for the announcement of the replace of its reserves and sources in direction of the top of the month of February. The brand new figures ought to mirror "a major improve within the variety of ounces and qualities," he wrote.

Secondly, Kirkland Lake intends to proceed to deal with exploration in Australia in 2019, spending between $ 85 million and $ 100 million to increase its 2018 program. There’s a risk Sekelsky famous that the corporate is discovering "one other Fosterville in Fosterville".

Thirdly, "the strengths of the Northern Territory might be a darkish horse," commented Sekelsky. They embrace the Union Reefs plant, the Cosmo mine and the Maud Creek venture. "We consider that buyers place little worth on the property of the Northern Territory and that these property are typically underneath appreciated by the market." Nevertheless, further exploration efforts within the area are anticipated this yr.

Lastly, Mr. Sekelsky stated, the No. four nicely underneath development at Macassa may "improve manufacturing to about 400,000 ounces a yr whereas considerably lowering prices by 30 to 40 p.c". It also needs to point out the venture for which there’s at present just one nicely. The second section of Effectively Challenge # four is predicted to be accomplished in 2023.

Sekelsky concluded that "the corporate is on monitor to satisfy natural manufacturing development targets whereas establishing an elevated reserve base to increase the lifetime of the mines, notably in Fosterville" .

ROTH has a purchase order suggestion and a goal value at $ 31 per share on Kirkland Lake, whose inventory value now stands at round $ 28.20.


1) Doresa Banning wrote this text for Streetwise Experiences LLC and gives companies to Streetwise experiences as an unbiased contractor. She or members of her family personal the securities of the next corporations talked about within the article: None. She or members of her family are paid by the next corporations talked about on this article: None.
2) The next corporations talked about on this article are promoting sponsors of Streetwise Experiences: None. Click on right here for necessary data on sponsor charges.
three) The feedback and opinions expressed are these of the particular specialists and never these of Streetwise Experiences or its officers. The above data is offered for informational functions solely and by no means constitutes a suggestion to purchase or promote securities.
four) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of their very own monetary specialist and any motion taken on account of the knowledge offered is the accountability of the latter. By opening this web page, every reader accepts and accepts the circumstances of use and the authorized notices of Streetwise Experiences. This text just isn’t a solicitation of funding. Streetwise Experiences doesn’t present any basic or particular funding recommendation and the knowledge contained in Streetwise Experiences shouldn’t be thought of as a suggestion to purchase or promote a safety. Streetwise Experiences doesn’t endorse or advocate the actions, merchandise, companies or securities of any firm talked about in Streetwise Experiences.
5) Infrequently, Streetwise Experiences LLC and its administrators, officers, workers or their members of the family, in addition to these interviewed for articles and interviews on the location, could have a protracted or quick place on the securities talked about. Administrators, officers, workers or members of their instant household are prohibited from making purchases and / or promoting these securities within the open market or in any other case from the time of the upkeep or the choice of Write an article as much as three enterprise days after the publication of the interview or article. The foregoing prohibition doesn’t apply to articles that, in essence, merely recall beforehand printed information releases of the company.

ROTH Capital Companions Statements, Kirkland Lake, Society Be aware, January 17, 2019

Regulatory Analyst Certification ("Reg AC"): The analysis analyst primarily chargeable for the content material of this report certifies the next underneath Reg AC: I hereby certify that each one factors The views expressed on this report precisely mirror my private views of the corporate in query or corporations and its or their titles. I additionally certify that no a part of my compensation has been, will likely be or will likely be, straight or not directly, associated to the particular suggestions or factors of view expressed on this report.

ROTH creates a inventory market in Kirkland Lake and, as such, buys and sells to clients on a principal foundation.

ROTH Capital Companions, LLC expects to obtain or intend to hunt compensation for its funding banking or different enterprise dealings with the coated corporations referred to on this report within the subsequent three months.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *