On gold's 6-month chart, however, we can see that it has had a nice run in recent weeks that has resulted in it becoming rather extended, and with sentiment readings now very bullish -
Eric Sprott: If The Fed Steps In To Save The Markets Then Gold & Silver Will Go Crazy To The Upside - February 9, 2018
Kirkland Lake Gold is a mid-tier gold producer targeting 570,000 – 590,000 ounces of gold production in 2017 from mines in Canada and Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
Kirkland Lake Gold is a mid-tier gold producer targeting over 620,000 ounces of gold production in 2018 from mines in Canada and Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
Note bottom line: As the stock market turning more volatile and geopolitical tensions escalating each day, global investors would look at gold as an able ally to their preserve wealth. Hence, 2018 could turn out to be the “perfect storm” for gold.
Kirkland Lake Gold Renews Normal Course Issuer Bid MAY 17 2018 TORONTO, May 17, 2018 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce that it has received acceptance from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”). The NCIB allows Kirkland Lake Gold to purchase up to 16,456,561 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 15, 2018. As at May 15, 2018, the Company had 211,199,478 Shares issued and outstanding.
Purchases of the Common Shares pursuant to the NCIB may be made through the facilities of the TSX and/or alternative Canadian trading systems, commencing on May 22, 2018 and ending on May 21, 2019, or such earlier time as the NCIB is completed or terminated by the Company. Any purchases made pursuant to the NCIB will be made in accordance with the rules of the TSX and will be made at market price at the time of purchase.
The average daily trading volume for the six months’ period ended April 30, 2018, less prior NCIB purchases made on the TSX, was 799,839. Under the renewed NCIB, the maximum number of securities that the Company may purchase on a daily basis, other than block purchase exemptions, are 199,959 Common Shares. The actual number of Common Shares purchased for cancellation and the timing of such purchase will be determined by the Company. There cannot be any assurance as to how many Common Shares will ultimately be purchased for cancellation under the NCIB.
The Board of Directors of Kirkland Lake Gold has determined that the repurchase of Common Shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Kirkland Lake Gold shareholders.
Under the previous NCIB, the Company sought and received approval from the TSX to purchase up to 15,186,571 Shares for the period of May 17, 2017 to May 16, 2018. The Company purchased 5,512,800 Shares pursuant to the previous NCIB in the last twelve months at an average price of C$14.12 per Share on the TSX and alternates.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a mid-tier gold producer that in 2018 is targeting over 620,000 ounces of gold production from mines in Canada and Australia. The production profile of the company is anchored from two high-grade, low-cost operations, including the Macassa Mine located in Northeastern Ontario and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute "forward-looking information" ---- regarding the proposed timing associated with the NCIB and the anticipated effects thereof.
Investors are cautioned that forward-looking information is ------- to update this forward-looking information except as otherwise required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director Phone: +1 416-840-7884, E-mail: tmakuch@klgold.com
Mark Utting, Vice-President, Investor Relations Phone: +1 416-840-7884, E-mail: mutting@klgold.com
Kirkland Lake looks towards Australian Union Reefs revival; visible gold near Fosterville - 1ST MAY 2018 BY: HENRY LAZENBY CREAMER MEDIA DEPUTY EDITOR: NORTH AMERICA
Kirkland Lake Gold is a mid-tier gold producer targeting 570,000 – 590,000 ounces of gold production in 2017 from mines in Canada and Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management and operational expertise.