Common Stock Warrants

Source: Streetwise Reports 04/13/2019 This company’s record gold production in Q1/19 and its impact on guidance along with expected catalysts were discussed in this ROTH Capital Partners report. In an April 9 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) “continues to fire on all cylinders,” as it produced a record amount of gold in Q1/19. The analyst noted the miner’s Q4/19 production was strong and reviewed the numbers. Total production was 231,879 ounces of gold (oz), which was in line with ROTH’s estimates. The Fosterville mine, which produced 128,445 oz and the Macassa mine, which produced 72,776 oz, outperformed in Q1/19, contributing to the record production overall. In contrast, Fosterville, which produced 128,445 ounces of gold, underperformed relative to ROTH’s forecast, due to mine sequencing. However, “we expect production at Fosterville to increase gradually throughout the year as development work is completed at the high-grade Swan zone,” Sekelsky commented. Production at each of the rest of Kirkland Lake’s mines was generally in line—17,225 oz at Holt, 12,377 oz at Taylor and 1,056 oz at Holloway, Sekelsky noted. With a solid Q1/19 behind it, Sekelsky indicated, Kirkland Lake is “well positioned” to meet full-year 2019 production guidance of 920,000 ounces to 1 million ounces of gold. ROTH projects the company will reach 935,076 gold oz of production during the year, but if more material from Fosterville’s high-grade Swan zone is “brought into the mine plan in H2/19,” this estimate could prove conservative, … Continue reading →