Gold Fundamentals Getting More Bullish
It’s been a volatile month thus far for the major market averages, but the yellow metal (GLD) has continued to hold its ground, seeing minimal downside volatility and up more than 10% just over halfway through Q2. This exceptional performance is a massive change in character from Q1 when the metal couldn’t find a single bid and made consecutive new lows vs. the S&P-500 from a relative strength standpoint. Importantly, during this period of strength, real rates have continued to plunge, emboldening the bull thesis for gold and suggesting that new highs are ahead for the metal. In fact, gold is only 10% higher than it was when real rates hit a new multi-year low in mid-April, while real rates have slid another 80%. One of the best ways to play this move looks to be Kirkland Lake Gold (KL). Let’s take a closer look below:
This story originally appeared on StockMarket
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Operator
Good afternoon, ladies and gentlemen. My name is Jason, and I will be your conference operator today. I would like to welcome everyone to the Kirkland Lake Gold conference call and webcast to discuss the company s first-quarter 2021 financial and operating results. [Operator Instructions] With that, I would now like to turn the call over to the senior vice president of investor relations, Mark Utting.
Mark Utting
Senior Vice President of Investor Relations
Thanks very much, operator, and good afternoon, everyone. Welcome to Kirkland Lake Gold s first-quarter 2021 conference call and webcast. On the call, today are many members of the Kirkland Gold senior management team. Speaking today will be Tony Makuch, our president and CEO; David Soares, our chief financial officer; Natasha Vaz, our chief operating officer; Larry Lazeski, our general manager for Detour Lake Mine; Evan Pelletier, our vice president of Mining for Kirkland Lake; Ian Holland, our vice president,
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kirkland Lake Announces Results Of Annual General Meeting Of Shareholders
Kirkland Lake Gold LtdMay 7, 2021 GMT
TORONTO, May 07, 2021 (GLOBE NEWSWIRE) Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL)(ASX:KLA) reports that at the annual general meeting of shareholders held on May 6, 2021, all resolutions proposed to shareholders were duly passed.
Based on proxies received, 187,602,914 common shares of the Company, representing 70.25% of the Company’s issued and outstanding common shares as at the record date were voted, and the following individuals were elected as directors of the Company until the next annual meeting of shareholders. The results are set out below:
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kirkland Lake Gold Reports Solid Q1 2021 Results
Kirkland Lake Gold LtdMay 6, 2021 GMT
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating results for the first quarter of 2021 (“Q1 2021”). The results for the quarter exceeded target levels in a number of key areas, including production and all-in sustaining costs (“AISC”) per ounce sold(1), which reflected stronger than expected production and sales at Fosterville and Detour Lake, as well as lower than planned sustaining capital expenditures. The Company’s full financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.kl.gold. All dollar amounts are in U.S. dollars, unless otherwise noted.