with Kirkland Lake Gold more involved it will add more knowledge to BONXF exploration and gold production - Let's get it back UP and much higher for its very undervalued and oversold - it should be a 10 bagger and better from here and that's why KL taking more positions :-))
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
GOLD is Father GOD'S Money! by Robert Kiyosaki says -
God made gold and silver. Man made paper to replace gold and silver as money. Throughout the history of mankind ALL paper currencies have failed. It's an inevitable consequence of paper lacking intrinsic value of gold and silver... simple. Propaganda to the contrary is an attempt to deceive people out of their money, their value, the fruits of their labor, their life savings, their future as independent people living comfortably as a result of hard work and planning for retirement their entire adult lives. All of this is at risk for anyone trusting in paper or electronic currency, which are only substitutes for the real money, God's money, gold and silver.
S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index T.KL, V.EXTP, EOCA.W, SHI, SPGI | S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index Canada NewsWire TORONTO, Sept. 6, 2019
CNW/ - S&P Dow Jones Indices ("S&P DJI") today announces the rebalancing results for the S&P/TSX 60 Index.
The following changes will be effective prior to the open of trading on Monday, September 23, 2019.
S&P/TSX 60 INDEX – September 23, 2019
COMPANY
GICS SECTOR
GICS SUB-INDUSTRY
ADDED
Kirkland Lake Gold Ltd (TSX:KL)
Materials
Gold
DELETED
Husky Energy Inc (TSX:HSE)
Energy
Integrated Oil & Gas
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
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im Rickards: $10,000 Gold Is Coming (RERUN) - 11,708 views Kitco NEWS Published on 8 Aug 2019
Gold has been one of the best performing assets in 2017, and Jim Rickards, best-selling author of Currency Wars told Kitco News that he saw even more potential for the yellow metal.
Rickards credited rising geopolitical tensions as a source of gold's tailwinds.
"People seem to have very short attention spans. I’m just looking down the road and you can see the war is coming," he said.
Belek' let's compare an investment in 'Kirkland Lake Gold (TSX:KL :-)) to physical Gold AU metal and see the Best Buy Opportunity > currently Normal ST short term > Correction Great for KL >
Father God is in Charge. Gold and Silver is God's money and is the Answer. Be Bold NOT Passive.
GOLD is Father GOD'S Money! by Robert Kiyosaki says -
God made gold and silver. Man made paper to replace gold and silver as money. Throughout the history of mankind ALL paper currencies have failed. It's an inevitable consequence of paper lacking intrinsic value of gold and silver... simple. Propaganda to the contrary is an attempt to deceive people out of their money, their value, the fruits of their labor, their life savings, their future as independent people living comfortably as a result of hard work and planning for retirement their entire adult lives. All of this is at risk for anyone trusting in paper or electronic currency, which are only substitutes for the real money, God's money, gold and silver.
Nixon - started 1st LT gold bull trend from 1971 - 1980 - Reagan - started 1st LT gold bear trend from 1980 - 2002 - National debt > 2nd - LT gold bull trend from 2002 - 2011 - Natonal debt > 3rd - LT gold bull trend started - Target $2700.-/oz.
Kirkland Lake Gold Announces Details of Third Quarter 2019 Conference Call and Webcast T.KL | TORONTO, Oct. 16, 2019 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that the Company will release its financial and operating results for the third quarter and first nine months of 2019 during the morning of Wednesday, November 6, 2019, Eastern Time (“ET”).
The Company will then host a conference call to review the results later that day (Wednesday, November 6, 2019) at 4:00 pm ET. The call will be hosted from the Company’s office in Melbourne, Australia and will take place at 10:00 am on Thursday, November 7, 2019, Australian Eastern Daylight Time (“AEDT”).
Those wishing to join the call can do so using the telephone numbers listed below. The call will also be webcast and available on the Company’s website at
Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 723,701 ounces in 2018 and is on track to achieve significant production growth over the next three years, including target production of 950,000 – 1,000,000 ounces in 2019, 930,000 – 1,010,000 ounces in 2020 and 995,000 – 1,055,000 ounces in 2021.
The production profile of the Company is anchored by two high-grade, low-cost operations, including the Macassa Mine located in Northern 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.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website