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Kirkland Lake Gold s Detour Lake on course to be a world-class gold mine, says CEO Tony Makuch
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Gold Recently Posted Its Biggest Weekly Gain Since The Start Of 2021
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., May 11, 2021 /PRNewswire/ The Pandemic has not just harmed humans, it has shred economies around the world, but as each country tries to heal their economy there are unintended results. For instance, in the US, high inflation as a result of large government initiatives… drives the price of precious metals up and up. A December article by metals watchers, FXEmpire said that the collapsing dollar could push gold to $2300 by May 2021. They said that: The dollar is in the middle of a significant devaluation. The current breakdown could extend into Q2 2021 before the next rebound. We expect sharply higher precious metals prices as a result, with silver and platinum taking the lead… We are in a similar setup to the post-trendline breakdown of gold in 2002/2003. Consequently, (we) believe the dollar is on the verge of an accelerated decline towards 80. The w
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.
Kirkland Lake Gold Reports New Wide, High-Grade Intersections at Detour Lake Kirkland Lake Gold Ltd Toronto, Ontario, CANADA
Results Highlight Significant Potential for Mineral Resource Growth Between the Existing Main Pit and Planned West Pit Location, at Depth and to the West
New high-grade intersections near bottom of Mineral Resource pit shell in Saddle Zone highlight potential for growth in open-pit and underground Mineral Resources
Key intercepts
(1): 1.13 gpt
(2) over 155.1 metres (“m”); 9.02 gpt over 13.0 m; 1.56 gpt over 70.2 m, incl. 7.49 gpt over 5.3 m; 1.37 gpt over 43.1 m, incl. 12.17 gpt over 3.0 m; 31.91 gpt over 5.0 m; 2.21 gpt over 26.0 m, incl. 5.15 gpt over 8.0 m; 1.9 gpt over 32.7 m, incl. 15.07 gpt over 2.1 m; 1.01 gpt over 42.6 m
Top Mining Stocks To Watch This Week But Are They A Buy?
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