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06/07/21
23:43
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Originally posted by jogo:
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I topped up at $45.50 today. At current SP, KLA is on a much lower PE than the big AUS goldies. The dividend was increased recently and although not high, at $45 they are on a yield of 2.1% following their guidance. KLA is on a much lower EV to Production valuation at $8104/oz than EVN at $10,620/oz and has a lower overall AISC of $1015/oz compared to EVN at $1270/oz. There is growth coming from Detour Lake and Fosterville is still keeping its head up. I am happy to maintain a limited exposure to KLA since it is a solid operator with good mines and strong cashflow and as a large producer, I include it in my portfolio to give some balance against the various explorers and developers that I own. As you say, it moves with the POG and so your expectations for that are important.
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"There is growth coming from Detour Lake and Fosterville is still keeping its head up" .... and don't forget good old Macassa; some nice numbers coming out of there shortly.