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Kirkland Lake Gold: An Industry Leader Trading At A Deeply Discounted Valuation

Summary

  • Kirkland Lake Gold released its Q1 results in May and reported quarterly gold production of ~302,800 ounces at all-in sustaining costs of $846/oz.
  • This translated to a massive beat vs. its guidance mid-point in its weakest quarter of the year, with output beating by 8%, and costs beating by 15%.
  • Looking ahead, Kirkland Lake is positioned to beat guidance, and FY2022 should be a transformational year when we get a better idea of the true potential of Detour Lake.
  • I continue to see Kirkland Lake Gold as a top-10 gold producer, and I see this sharp pullback below $38.80 as a low-risk buying opportunity.
Mining Truck
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It's been a rough start to June for the Gold Miners Index (GDX), and many names have slid more than 20% from their highs. These violent corrections in the sector can present great buying opportunities if one focuses on the best

This article was written by

Taylor Dart profile picture
28.48K Followers

Taylor Dart is an individual investor with over 16 years of trading experience, with his primary focus being precious metals developers, producers and royalty/streaming companies.

Taylor leads Alluvial Gold Research, where he shares research on precious metals stocks as well as his current portfolios.

Portfolio Returns Link vs. GDX Peak in Q3 2020: https://imgur.com/a/ksAulkT

- Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Analyst’s Disclosure: I am/we are long GLD, KL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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