KL.TO - Kirkland Lake Gold Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
57.18
+0.89 (+1.58%)
As of 10:08AM EDT. Market open.
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Previous Close56.29
Open57.28
Bid57.03 x 0
Ask57.22 x 0
Day's Range56.88 - 58.13
52 Week Range22.42 - 67.87
Volume297,171
Avg. Volume962,700
Market Cap12.019B
Beta (3Y Monthly)-0.25
PE Ratio (TTM)32.12
EPS (TTM)1.78
Earnings DateN/A
Forward Dividend & Yield0.21 (0.36%)
Ex-Dividend Date2019-06-27
1y Target Est47.39
  • GlobeNewswire

    Kirkland Lake Gold Intersects New High-Grade Mineralization East and West of Macassa South Mine Complex and Along Amalgamated Break

    Drilling east of South Mine Complex (“SMC”) intersects high-grade mineralization 200 metres (“m”) northeast of current resourceº Key intercepts: 111.8 g/t over 2.1 m true width.

  • GlobeNewswire

    Kirkland Lake Gold Declares Quarterly Dividend Payment

    Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (KL.TO) (KL.TO) (ASX:KLA) today announced that a quarterly dividend payment of US$0.04 per common share will be paid on October 11, 2019 to shareholders of record as of the close of business on September 30, 2019. The payment represents the 10th quarterly dividend payment made to shareholders following the Company’s adoption of a dividend policy in March 2017. The Company’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

  • A Forgotten Gold-Rush Hub Is Producing More Than It Has in a Century
    Bloomberg

    A Forgotten Gold-Rush Hub Is Producing More Than It Has in a Century

    (Bloomberg) -- Deep under gum-tree lined paddocks in southern Australia that delivered a bullion bonanza in the 19th Century, the unexpected promise of a second gold rush is luring a new generation of prospectors from billionaires to global miners and weekend panhandlers.As prices soar, production in the goldfields of Victoria state is rising again and has already climbed to the highest since 1914 as mining companies dig deeper and new technology helps to uncover once hidden and richer deposits in a region that almost rivaled the Californian gold rush and was thought to have petered out decades ago.“I’ve never seen anything like it in all my life — it’s like finding a safe underground,” David Baker, managing partner of gold investor Baker Steel Capital Managers LLP, and a visitor to mines for more than 30 years, said following a tour last month of Kirkland Lake Gold Ltd.’s Fosterville mine, the flagship for the region’s revival. “You don’t get better than that unless you can dig into Fort Knox.” With Victoria’s state government forecasting there may be as much as another 80 million ounces buried underground in the region —about as much as was dug out during the initial gold rush from 1851 — major players are moving in, including Newmont Goldcorp Corp. and billionaire miner Gina Rinehart.The region’s renaissance is also stoking hopes that new exploration of other historic global mining hubs could yet yield more riches.A thirty minute drive east of Bendigo, a city of elegant Victorian-era civic buildings built with the proceeds of the first gold rush, Kirkland has transformed its underground mine into one of the world’s most profitable gold operations.In a section of tunnel about 1.2 kilometers (0.75 miles) below surface, a thick diagonal white vein of gold-bearing quartz stretches across a face of dark gray rock, and fragments of ore scattered on the floor are studded with visible, glittering flecks of the metal.Delving deeper into the earth to tap this different and more concentrated source of the metal has dramatically shifted Fosterville’s fortunes. The site was first mined for about a decade from 1894 and then sporadically over the next century, before an underground mine was opened in 2006. “The better gold mines reveal themselves over time,” said Sydney-based Baker, a manager of the BakerSteel Precious Metal Fund, which holds about $450 million of assets, including Kirkland shares. Fosterville has shown “that it is actually a fantastic jewelry box, and one that’s only getting better,” he said.When valuing projects, miners estimate both the volume of remaining metal at an operation that’s economic to extract — the asset’s reserves — and the grade of the material, the amount of precious metal contained in each ton of excavated rock.Fosterville’s reserve grade, which had hovered at around 5 grams of gold per ton, began to rise through 2014 and 2015, and then surged from the end of 2016, when Kirkland completed about a C$1 billion ($756 million) acquisition of the site’s previous owner.At the end of last year, that grade was estimated at 31 grams a ton, among the highest in the world, and probably bettered only by Sumitomo Metal Mining Co.’s Hishikari operation in Japan, according to Quinton Hennigh, a veteran gold executive and geologist who helped to review the Australian site before Kirkland’s 2016 deal.Improved grades have helped boost output to a record and spurred profits along with a rising gold price. Kirkland’s earnings from the operation more than doubled in the first half of 2019, according to a July filing.Toronto-based Kirkland, which also operates mines in Canada, is growing confident it can unlock further high-grade zones underground at Fosterville, and already has had encouraging results close to the current mining area and as far as about four kilometers away.“There’s something more broad and pervasive at play,” Ian Holland, Kirkland’s vice president for Australian operations said in an interview at the site. “Significant drilling programs will unlock that over time, that’s the truly exciting piece.”Others projects are also offering glimpses of potential. Gold Exploration Victoria Pty, a unit of Rinehart’s Hancock Prospecting Pty, is partnering with explorer Catalyst Metals Ltd. on exploration around Bendigo that has shown early indications of high-grade gold finds.Two historic mines in Victoria have resumed production since 2018, while Newmont has applied for an exploration tenement in the state, the company said in an emailed statement. Before the end of the year, Victoria’s government will launch an international tender for newly released exploration ground with similar geology to Fosterville, Minister for Resources Jaclyn Symes said.Modern exploration techniques — like airborne electromagnetics and geochemistry — are helping miners globally to locate troves of metals buried deeper underground, and often beneath the cover of other rocks.In the U.S., Nevada Exploration Inc. is using techniques including the sampling of groundwater to locate new gold deposits in a heartland of production. Companies including Australia’s Newcrest Mining Ltd. are also combing back over historic regions in Nevada.Other established mining centers in the U.S. and Western Australia hold similar potential to deliver more gold from deeper underground, according to Hennigh, president of Novo Resources Corp. “There are certain gold camps that I see, where there are the telltale signs of there being a heck of a lot more,” he said. “There will be more discoveries without question.”  To contact the author of this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Keith GosmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Kirkland Lake Gold Ltd. (TSE:KL) Could Have A Place In Your Portfolio
    Simply Wall St.

    Why Kirkland Lake Gold Ltd. (TSE:KL) Could Have A Place In Your Portfolio

    As an investor, I look for investments which do not compromise one fundamental factor for another. By this I mean, I...

  • CNW Group

    S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index

    S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index

  • Kirkland Lake's Rebound Off 50-Day Line Powered A Profitable Swing Trade
    Investor's Business Daily

    Kirkland Lake's Rebound Off 50-Day Line Powered A Profitable Swing Trade

    With the overall stock market gripped by an undercurrent of fear, Kirkland Lake Gold stock sets itself apart with qualities of a hedge and a growth stock.

  • After Big Start, Major Stock Indexes Head South; Kirkland Lake And Costco Buck Trend
    Investor's Business Daily

    After Big Start, Major Stock Indexes Head South; Kirkland Lake And Costco Buck Trend

    Despite roaring out of the gate, the stock market stumbled across the finish line, as stocks ignored bullish news to focus on the inverted yield curve.

  • Gold Stocks Investing: Fed Rate Cuts, China Trade War Have Investors Going For Gold
    Investor's Business Daily

    Gold Stocks Investing: Fed Rate Cuts, China Trade War Have Investors Going For Gold

    Gold investing can be a hedge in uncertain times. Here are some keys when deciding whether, when and how to buy gold stocks or a gold ETF.

  • GlobeNewswire

    Kirkland Lake Gold Acquires Shares of Bonterra Resources Inc.

    Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (KL.TO) (KL) (ASX:KLA) today announced that it has acquired 2,000,000 units (“Units”) of Bonterra Resources Inc. (BTR.V) (“Bonterra” or the “Issuer”) by way of a private placement financing and by share purchase at a price of $2.50 per Unit for a total cash payment of CAD$5 million (the “Investment”). Each Unit is comprised of one common share of the Issuer (a “Share”) and one-half of one Share purchase warrant (each full warrant, a “Warrant”), with each full Warrant entitling the Company to acquire one Share at a price of $3.10 until August 20, 2021. Prior to the Investment, Kirkland Lake Gold held 6,510,629 Shares, representing approximately 10.17% of the issued and outstanding Shares on a non-diluted basis.

  • Dow Jones Futures Signal Solid Stock Market Rally; Target Set To Break Out On Blowout Earnings
    Investor's Business Daily

    Dow Jones Futures Signal Solid Stock Market Rally; Target Set To Break Out On Blowout Earnings

    Dow Jones futures: Strong Target earnings signaled a stock market rally, with Target stock set to break out. Can the discounter thrive with Amazon, Walmart?

  • A Look At The Intrinsic Value Of Kirkland Lake Gold Ltd. (TSE:KL)
    Simply Wall St.

    A Look At The Intrinsic Value Of Kirkland Lake Gold Ltd. (TSE:KL)

    Today we will run through one way of estimating the intrinsic value of Kirkland Lake Gold Ltd. (TSE:KL) by estimating...

  • The Cup Without Handle Can Also Yield Bullish Breakouts In Growth Stocks
    Investor's Business Daily

    The Cup Without Handle Can Also Yield Bullish Breakouts In Growth Stocks

    Sometimes, a great stock forms a cup base without a handle. What are the signs that such a pattern will still succeed? Consider Gen-Probe, a top biotech play in 2003.

  • Buy Shares of Kirkland Lake Gold
    GuruFocus.com

    Buy Shares of Kirkland Lake Gold

    The Canadian gold producer has several catalysts Continue reading...

  • 3 Key Takeaways From Kirkland Lake Gold's Q2 Earnings Report
    Motley Fool

    3 Key Takeaways From Kirkland Lake Gold's Q2 Earnings Report

    This miner set several company records in Q1. How did it follow up this lustrous performance in the recently completed quarter?

  • Dow Jones Plunges, As Trade War Intensifies; Apple Stock Hits Sell Signal
    Investor's Business Daily

    Dow Jones Plunges, As Trade War Intensifies; Apple Stock Hits Sell Signal

    The Dow Jones industrials fell about 500 points amid Monday's stock market sell-off. Apple and Intel were among the biggest Dow losers.

  • Kirkland Lake Gold Ltd. (KL) Q2 2019 Earnings Call Transcript
    Motley Fool

    Kirkland Lake Gold Ltd. (KL) Q2 2019 Earnings Call Transcript

    KL earnings call for the period ending June 30, 2019.

  • Top-Ranked Gold Stock With 327% Gain Tops Earnings Views
    Investor's Business Daily

    Top-Ranked Gold Stock With 327% Gain Tops Earnings Views

    Kirkland Lake topped views well after Tuesday's close, as the IBD 50 gold stock hovers near record highs. Shares have rallied 327% from its Oct. 2017 opening price.

  • GlobeNewswire

    Kirkland Lake Gold Reports Solid Second Quarter 2019 Financial and Operating Results

    TORONTO, July 30, 2019 -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating.

  • Do Directors Own Kirkland Lake Gold Ltd. (TSE:KL) Shares?
    Simply Wall St.

    Do Directors Own Kirkland Lake Gold Ltd. (TSE:KL) Shares?

    The big shareholder groups in Kirkland Lake Gold Ltd. (TSE:KL) have power over the company. Insiders often own a large...

  • How Risky Is Kirkland Lake Gold's Stock?
    Motley Fool

    How Risky Is Kirkland Lake Gold's Stock?

    Every investment bears some degree of risk. Is this mining company within your threshold?

  • GlobeNewswire

    Kirkland Lake Gold Announces Details of Second Quarter and First-Half 2019 Conference Call and Webcast

    TORONTO, July 22, 2019 -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that the Company will release its.

  • GlobeNewswire

    Kirkland Lake Gold Files Amended and Restated Technical Report for Macassa Mine

    Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (KL.TO) (KL) (ASX:KLA) announces that as a result of a review by staff of the Ontario Securities Commission, the Company has filed an amended and restated technical report for its Macassa property entitled, “ Macassa Property, Ontario, Canada, Updated NI 43-101 Technical Report” (the “Amended  Report”) and is issuing the following new release regarding its disclosure on the Macassa property. There are no material differences between the original report filed April 1, 2019 and the Amended Report and there are no differences with respect to the mineral reserve and mineral resource estimates or the recommendations and conclusions provided in the original report.

  • Q2 Earnings Preview: See 16 Stocks Expecting 50% To 550% Growth
    Investor's Business Daily

    Q2 Earnings Preview: See 16 Stocks Expecting 50% To 550% Growth

    With Q2 earnings season ramping up, here's a look at 16 stocks, including Acacia, StoneCo, Splunk, Kirkland Lake Gold, and Paylocity, expecting 50%-550% EPS gains.

  • How To Invest In Stocks: Minding The 'I' In CAN SLIM
    Investor's Business Daily

    How To Invest In Stocks: Minding The 'I' In CAN SLIM

    A first step to understanding how to invest in stocks is learning to identify institutional sponsorship — especially when a stock is building a base.

  • Have Insiders Been Selling Kirkland Lake Gold Ltd. (TSE:KL) Shares?
    Simply Wall St.

    Have Insiders Been Selling Kirkland Lake Gold Ltd. (TSE:KL) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...