Kirkland Lake Gold: Another Blowout Quarter In Q2
Summary
- Kirkland Lake Gold released its Q2 results last week, reporting quarterly gold production of ~379,200 ounces, a 25% increase sequentially, and 15% increase year-over-year.
- While the company was lapping an easy comp on a year-over-year basis due to COVID-19 restrictions, all of the company's operations performed exceptionally, and guidance is looking conservative.
- Looking ahead, we should see solid growth year-over-year in Q2 2022 as well despite lapping a record quarter, with Macassa and Detour likely to see much higher output.
- I continue to see Kirkland Lake Gold as the sector's top buy-the-dip candidate, and I would view pullbacks below $38.00 as low-risk buying opportunities.
Taylor Dart is an individual investor with over 16 years of trading experience, with his primary focus being precious metals developers, producers and royalty/streaming companies.
Taylor leads the investing group Alluvial Gold Research, where he offers portfolios with entry/exit points, Buy/Sell alerts, and proprietary sentiment indicators for gold and silver miners. Learn more.
- Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLD, KL, ZM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.
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