Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

BRIEF-Kirkland Lake Gold Reports Strong Results In Q1 2020

Published 2020-05-06, 07:29 a/m
© Reuters.

May 6 (Reuters) - Kirkland Lake Gold Ltd KL.TO :

* KIRKLAND LAKE GOLD REPORTS STRONG FINANCIAL AND OPERATING RESULTS IN Q1 2020

* KIRKLAND LAKE GOLD - REVISED GUIDANCE TO BE ISSUED AS DETOUR LAKE AND MACASSA MAKE PROGRESS TOWARDS RETURNING TO MORE PREDICTABLE LEVELS OF PRODUCTION

* HOLT COMPLEX GUIDANCE DISCONTINUED

* WITHDRAWS THREE-YEAR PRODUCTION GUIDANCE

* QTRLY NET EARNINGS OF $202.9 MILLION ($0.79 PER SHARE)

* QTRLY ADJUSTED NET EARNINGS TOTALLED $179.2 MILLION ($0.70 PER SHARE)

* QTRLY REVENUE TOTALLED $554.7 MILLION, 82% INCREASE FROM $304.9 MILLION IN Q1 2019

* Q1 EARNINGS PER SHARE VIEW $0.74 -- REFINITIV IBES DATA

* QTRLY PRODUCTION OF 330,864 OUNCES, 43% INCREASE

* QTRLY AISC PER OUNCE SOLD OF $776 VERSUS $560 IN Q1 2019

* BEGINNING TO RECALL EMPLOYEES WHO WERE OFF WORK AS PART OF COVID-19 PROTOCOLS.

* EXPECTS RAMP UP OF BUSINESS ACTIVITIES TO BE GRADUAL

* DOES NOT ANTICIPATE ACHIEVING FULL PRODUCTION LEVELS DURING Q2 OF 2020

* NOT POSSIBLE TO ESTIMATE EXTENT TO WHICH COVID-19 PANDEMIC WILL IMPACT COMPANY'S BUSINESS PERFORMANCE IN 2020.

* ANTICIPATES SEEING SOME IMPACT ON PRODUCTION AND COSTS DURING MOST OF YEAR.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.