21:48:55 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Kirkland Lake Gold Inc
Symbol KGI
Shares Issued 80,376,617
Close 2015-07-31 C$ 4.78
Market Cap C$ 384,200,229
Recent Sedar Documents

Int'l Speculator says buy Kirkland Lake for a double

2015-07-31 21:17 ET - In the News

The International Speculator, in its July 20, 2015, issue, says buy Kirkland Lake Gold Inc. at $5.13, officially, "Buy first tranche." This is the newsletter's second time round with the Ontario gold miner. The newsletter said buy on March 4, 2003, at $2.09, and said sell on July 1, 2004, at $3.97. Assuming an investment of $1,000 the buy yielded a profit of $812. The writer says he likes Kirkland Lake because it can make money down to $1,000 gold, possibly lower. Ever the optimist, he figures if gold does recover soon and head higher, "I see an easy double in this stock this year." Kirkland Lake operates Canada's highest-grade gold mine. The mine is deep, which makes it expensive to get equipment down and the ore to surface. The ore needs fine grinding, and the area is seismically active, so costly safety measures are in place. The bonanza grades cover these costs, but everything must be done right. Kirkland Lake has made some near-surface discoveries and is working on more. Drills are turning, so watch for news ahead, he says. The writer believes today's mine is just a beginning. He sees the miner achieving mid-tier-producer status in the next few years, and one day could become Canada's new major.

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