{"id":1123064,"date":"2019-06-25T16:15:06","date_gmt":"2019-06-25T16:15:06","guid":{"rendered":"https:\/\/www.mining.com\/?p=994805"},"modified":"2019-06-25T16:15:06","modified_gmt":"2019-06-25T16:15:06","slug":"kirkland-lake-jumps-on-the-gold-deal-making-wagon-with-online-assessment-tool","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1123064","title":{"rendered":"Kirkland Lake jumps on the gold deal-making wagon with online assessment tool"},"content":{"rendered":"

Canada\u2019s Kirkland Lake Gold (TSX, NYSE: KL) is taking advantage of the deal making boom in the global bullion sector<\/a> by launching an online tool to help attract, assess and refine investment opportunities.<\/p>\n

The new corporate development initiative, named KL Gold Deal Room<\/a>,\u00a0was created with the collaboration of technology firm VRIFY.<\/p>\n

The miner has outlined a set of
\ncriteria to evaluate assets that may have the potential to complement its
\ngrowth strategy. <\/p>\n

Kirkland Lake said it would consider possible strategic investments, joint ventures and merger and acquisitions (M&A) opportunities. <\/p>\n

\u201cUsing the KL Gold Deal Room, companies with assets that require capital, and meet these criteria, are invited to make online submissions to the KL Gold Deal Room using one standardized format that can be accessed anywhere, anytime,\u201d it said in a statement<\/a>.<\/p>\n

\n
\n

Miner has launched the KL Gold Deal Room, an online tool to help attract, assess and refine investment opportunities.<\/p>\n<\/blockquote>\n<\/figure>\n

\u201cWe believe informed decisions are
\nbetter decisions, and by utilizing VRIFY Deal Room, Kirkland Lake Gold will be
\none of the most informed companies in the world,\u201d Stephen de Jong, the founder,
\npresident and CEO of VRIFY said.<\/p>\n

\u201cWe are looking to grow shareholder
\nvalue by investing in new, high-quality gold projects that, with the benefit of
\nour capital and expertise, have the potential to become world-class mining
\noperations,\u201d noted Tony Makuch, president and CEO of Kirkland Lake Gold. <\/p>\n

Kirkland said it would be
\ninterested in all sorts of gold projects, including those with by-products in a
\nvariety of jurisdictions, such as Canada, Australia, Europe, New Zealand and Latin
\nAmerica.<\/p>\n

The news come at a time gold prices have climbed past $1,400 an ounce for the first time since 2013 following the US Federal Reserve comments on getting ready to decrease interest rates. <\/p>\n

It also coincides with fresh geopolitical tensions triggered by an escalating military strike between the US and Iran, which has helped nudge investors into gold, with the precious metal poised to mark its highest finish in more than six years on Tuesday.<\/p>\n

Analysts, including Citigroup Inc., see gold hitting $1,500 to $1,600 in the next 12 months under a bullish-case scenario. <\/p>\n

Learn more about the Deal Room in this video: <\/p>\n