GOLD WATCH| 13/9/19| 19/9/19 close| %Chg GOLD USD/OZ| 1,496|...

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    0 GOLD WATCH 13/9/19 19/9/19 close %Chg
    1 GOLD USD/OZ 1,496 1,496 0.0%
    2 GOLD AUD/OZ 2,178 2,205 1.2%
    3 GOLD [BETASHARES ETF] $ 205.04 $ 206.41 0.7%
    4 NORTHERN STAR (NST) $ 10.23 $ 11.03 7.8%
    5 EVOLUTION MINING (EVN) $ 4.54 $ 4.64 2.2%
    6 SARACEN (SAR) $ 3.28 $ 3.44 4.9%
    7 GDX (VAN EYK GOLD ETF) $ 39.67 $ 40.58 2.3%
    8 CHALICE GOLD MINE (CHN) $ 0.19 $ 0.205 10.8%
    9 BLACK CAT SYNDICATE (BC8) $ 0.47 $ 0.485 3.2%
    10 CATALYST METALS (CYL) $ 2.32 $ 2.15 -7.3%
    11 WESTGOLD RESOURCES (WGX) $ 2.51 $ 2.47 -1.6%
    12 KIRKLAND LAKE GOLD (KLA) $ 67.21 $ 67.84 0.9%
    13 COMPOSITE RETURNS excl SPECS TO DATE     2.39%
    14 ORA GOLD (OAU) $ 0.016 $ 0.016 0.0%
    15 METEORIC RESOURCES (MEI) $ 0.070 $ 0.058 -17.1%
    16 COMPOSITE RETURNS TO DATE     1.70%


    Kirkland Lake Gold (Canadian stock listed on ASX under KLA) is certainly an inclusion with its outstanding record output, cash position and remarkable Fosterville (Vic) gold mine. Like NST, this would be a LT fundamental hold [ would even prosper without gold doing incredibly well ]. A million ounces of gold production per annum! I believe this is a CAD 12B stock.

    https://*********.com.au/fosterville-standout-performer-kirkland-lake-gold-record-output/

    Key highlights of Q2 2019 results include: • Strong net earnings: Net earnings of $104.2 million ($0.50 per basic share) increased 69% from $61.5 million ($0.29 per basic share) in Q2 2018 and compared to record net earnings of $110.1 million ($0.52 per basic share) the previous quarter; adjusted net earningsin Q2 2019 totaled $105.5 million ($0.50 per basic share), 66% higher than $63.4 million ($0.30 per basis share) in Q2 2018 and versus record adjusted net earnings of $112.1 million ($0.53 per basic share in Q1 2019 • Revenue grows 31%: Revenue totaled $281.3 million, 31% increase from $214.7 million in Q2 2018 and compared to record revenue of $304.9 million in Q1 2019; Q2 2019 gold sales of 212,091 ounces compared to 164,305 ounces in Q2 2018 and 232,929 ounces the previous quarter • Significant growth in EBITDA 1,2,3 : EBITDA of $185.8 million, 50% higher than $123.7 million in Q2 2018 and compared to record EBITDA of $201.6 million in Q1 2019 • Operating cash flow increases 52%: Net cash provided by operating activities3 of $178.4 million, 48% growth from $120.9 million in Q2 2018 and 2% higher than $174.4 million in Q1 2019 • Continued Solid free cash flow 1 : Free cash flow of $53.0 million compared to $60.7 million in Q2 2018 and record free cash flow of $93.1 million the previous quarter, with the change from both prior periods reflecting increased capital expenditures in support of advancing key growth projects • Growth projects ramp up: Growth capital expenditures 1 totaled $48.5 million in Q2 2019 (excluding capitalized exploration), including $32.7 million at Macassa and $14.1 million at Fosterville; full-face sinking at Macassa #4 shaft project on track to commence in August 2019 • Continued focus on exploration: Exploration and evaluation expenditures in Q2 2019 totaled $44.4 million ($6.2 million expensed and $38.2 million capitalized), with $29.4 million relating to the acceleration of advanced exploration work in the Northern Territory. • Continued strong operating results Production of 214,593 ounces, 30% increase from 164,685 ounces in Q2 2018 and compared to record quarterly production of 231,879 ounces the previous quarter Production costs of $66.2 million compared to $66.5 million in Q2 2018 and $70 million in Q1 2019 Operating cash costs per ounce sold1 averaged $312, 23% improvement from Q2 2018 and versus $290 the previous quarter AISC per ounce sold1 averaged $638, 16% better than $757 in Q2 2018 and compared to $560 in Q1 2019 (change from previous quarter reflects reduced sales volumes and timing of sustaining capital expenditures). • Cash at June 30, 2019 totaled $469.4 million, 13% increase from $416.1 million at March 31, 2019 and 41% increase from $332.2 million at December 31, 2018.
 
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