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Friday, December 15, 2017 6:47:52 AM
http://dailytelescope.com/pr/kerr-mines-announces-closing-of-oversubscribed-6000000-private-placement/31752
Quote:
1. Kerr Mines (TSX:KER)
Current price: $0.30; year-to-date gain: 160.87 percent
Kerr Mines retains its first-place position on our best gold stocks list after taking the top spot in Q3. Kerr is a North American gold exploration and development company whose focus is on commencing production at its Arizona-based Copperstone gold property.
In August, the company awarded key contracts for a 2017 exploration program and feasibility study at Copperstone. The same month, Kerr also started the first phase of surface drilling at the project. Since then, Kerr has released a slew of drill results from Copperstone and has also announced a $5 million non-brokered private placement. Proceeds will be used for further exploration at the asset.
2. Kirkland Lake Gold (TSX:KL,NYSE:KL)
Current price: $16.99; year-to-date gain: 155.27 percent
Kirkland Lake Gold is a mid-tier gold company with mines in both Canada and Australia. Last year, the company merged with Newmarket Gold and acquired assets in Australia, including the Cosmo mine and Fosterville mine. Fosterville and the Ontario-based Macassa mine are the company’s key assets.
Since that time, the company has reported an increase in reserves underground from 240,000 ounces to over 1 million ounces at Fosterville alone. Kirkland Lake CEO Tony Makuch says that at Fosterville gold is produced without any by-products and with production costs just under $250 per ounce.
In August of this year, Kirkland Lake began trading on the NYSE, after which the company’s share price crossed the $15 mark for the first time. The company’s guidance for 2017 is 570,000 to 590,000 ounces of gold and it has “increased guidance already twice this year,” as per Makuch.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/best-gold-stocks/
http://dailytelescope.com
Do you own DD... during 2017 Kerr has been performing well $
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