Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade results from the ongoing underground drilling programs at the Fosterville Mine in Victoria, Australia. Recent underground drilling targeting additional growth in Mineral Reserves and Mineral Resources confirmed significant continuity of mineralization down-plunge and adjacent to existing Mineral Reserves in the Lower Phoenix System. In addition, underground infill drilling into Swan Mineral Reserves continues to return exceptional high-grade results containing VG providing confirmation of the geological model, underpinning confidence in the operation’s mine plan. Drill results reported are from 206 holes (51,521 m) that targeted infill and extension of the Lower Phoenix Mineral Resources. Drill results reported are post the December 2018 Mineral Resource and Mineral Reserve update. (See press release dated February 21, 2019.)
Investment Industry Hall of Fame 2019 Inductee - Eric Sprott Eric Sprott explains what investors are getting wrong about Kirkland's all-stock Detour Gold deal - 'The more I reflect on Detour, I think we’re ‘stealing value’ — value that the market’s not seeing - Sprott told the Financial Post - GABRIEL FRIEDMAN Updated: November 25, 2019
ex...note... KL just got them self a fully profiting mine and mill with 15 million ounces reserve.for how much.... nothing!lol they just print a bunch of shares - KL still have about I billion in the bank - when gold goes up to ex. 2000$/oz people will look at this deal as the deal of the century - trees have been shaken and weak hands have sold there shares for lost - the smart hands just bought the shares - kl will be stronger than ever producing almost doubles next year! what will be the price of that gold in short time - KL shares are at a bargain at this price now - Good Time to Buy KL up people -
The more volatility & st shorting manipulations the higher KL will FLY -^- It will be interesting to watch the SP over the next few weeks. :-))
Investment Industry Hall of Fame 2019 Inductee - Eric Sprott Eric Sprott explains what investors are getting wrong about Kirkland's all-stock Detour Gold deal 'The more I reflect on Detour, I think we’re ‘stealing value’ — value that the market’s not seeing,' Sprott told the Financial Post GABRIEL FRIEDMAN Updated: November 25, 2019
A Detour Gold mine in Cochrane, Ont. HANDOUT/TIMMINS DAILY PRESS FILES
Toronto-based Kirkland Lake Gold Ltd. on Monday announced a multibillion dollar acquisition of Detour Gold Corp., a deal that would elevate it into a major gold miner and could attract new institutional investors.
The combination marries two near opposites: Kirkland Lake operates two high grade underground mines at some of the lowest cash costs in the sector, whereas Detour operates a single, low grade bulk tonnage open pit mine at comparatively higher costs.
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