Kirkland Lake Gold (KL)

[NYBob]

Kirkland Lake Gold Profit Rises Sharply; Output Guidance Improved
Allen Sykora Allen Sykora
Wednesday August 01, 2018 09:19
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Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) reports higher second-
quarter earnings and record cash flow, plus the company lists improved
guidance for 2018. Production for the year is now targeted at over
635,000 ounces, up from 620,000 previously.

Cash operating cash costs are now expected to average
$400 to $425 per ounce sold, down from previous guidance of $425 to
$450.

Net earnings were put at $61.5 million, or 29 cents per share, a
78% increase from $34.6 million, or 17 cents, in the same period
a year ago.

Adjusted second-quarter net earnings totaled $63.4 million, or 30 cents,
up from $39.3 million, or 19 cents, a year ago.

The company says record quarterly cash flow from operations was
$120.9 million, 56% higher than the year-ago period and
up 35% increase from the first quarter.

Production rose to 164,685 ounces from 160,305 in the second quarter of 2017.

The quarterly dividend, paid on July 13, increased to 3 cents a share,
compared to 2 cents for the dividend paid in April.

Tony Makuch, president and chief executive officer, says the results
were boosted by strong ore grades at the Fosterville and Macassa mines.
“At Fosterville, our average grade…of 20.6 grams per tonne was well
ahead of expected levels, with the mine benefiting from a record month
in June, producing 31,710 ounces at 30.4 grams per tonne,” the CEO
says.
“At Macassa, our stopes around the 5,700-foot level, the deepest mining
done to date in the South Mine Complex, are high-grade stopes that have
outperformed, which resulted in record quarterly production…of
60,571 ounces at an average grade of 21.5 grams per tonne.”

By Allen Sykora of Kitco News; [e-mail]

wondering if theres a chance Kirkland Gold

gets bought out by another company??????



Its bargain time for gold and lowest cost gold producer -
Merger, fusion etc. its all in the great future works to make it
stronger for all.... )
God Bless