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$52.69 kirkland lake gold ltd

So Andrews is putting his fingers in the pan for $50/OZ..., page-3

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rivermore

6,792 Posts.

1648

12/06/19

12:13

Post #: 39018052
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Originally posted by RobRein: ↑

"A 2.75 per cent gold duty will be imposed from January on large companies mining the precious metal in Victoria, with the government saying it is the only Australian state currently not charging a gold royalty.

Mr Pallas says small miners, those digging up less than 2500 ounces per year, will be exempt from paying the royalty which is expected to generate $56 million over four years."

https://www.theage.com.au/national/victoria/property-sales-freefall-blows-5-2-billion-hole-in-victoria-s-budget-20190524-p51qxz.html

I suppose Kirkland can bare it but that might be the death nail for the other marginals such as Ballarat and crimp the other smaller guys.

Thought we sorted this out 165 years ago.
(ಠ_ಠ)

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KLA won't care, they are making so much money from Fosterville. The $56M over four years is a laugh though. At 500,000 ounces per year x $1850 x .0275 Fosterville will pay A$100M even if the production rate doesn't increase. Still plenty left for KLA though so all good.

KLA Price at posting: $53.98 Sentiment: Buy Disclosure: Held
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