154391813 - 1_xqs3qdom - PID 1851201
    
    
      
    
  

  
    
        Hi, I'm Ted Dixon with
        your INK Morning Report
preview
        for June 8th,
        "Golden days return for
Kirkland Lake."
        Today, we're going to take
        a little different
approach
        in the morning report
preview,
        and I'm going to use the
INK Research website
        to explain why
        Kirkland Lake Gold is in
our June 8th report.
        A year ago, Kirkland Lake
Gold had
        a cloudy INK Edge outlook
which placed it
        in the bottom 30% of all
stocks ranked.
        You can see that by
looking at the history of
        the INK Edge outlook for
        the stock in the top right
and,
        looking at the top row of
this popup box,
        you'll see a year ago that
it
        had a cloudy INK Edge
outlook.
        Now, that has improved to
        a mostly sunny INK Edge
        outlook as you'll see,
        as you can see in the row
towards
        the left beside the word
"overall."
        Now, a year ago,
        there was some insider
selling,
        and that helped to drive
down
        the stock's ranking even
as
        the stock was
underperforming
        the broader gold group.
        See, investors, I think,
were still coming to
        grips with the company's
acquisition
        of Detour Gold which had
        a relatively high-cost
structure
        compared to Kirkland Lake
operations.
        Now, the company has
almost a full year
        of operating history with
Detour Gold,
        and investors appear to be
starting to give
        the company some
recognition
        for its operating
strategy.
        Since the company reported
results for
        Q1 production of this year
back on April 9th,
        the stock has advanced
about 12.2%.
        And that's been
outperforming
        the overall gold group.
        You can see that in our
"Price" tab,
        and what I've done here is
I've
        compared it to the XGD,
        which is the gold ETF,
        and you can see that the
blue line which
        is Kirkland Lake is above
        the red line and the XGD
is up
        about 8.3% over that
period.
        Now, helping to drive, I
think,
        investor enthusiasm
        was the news of
production.
        It was 302,847 ounces for
Q1
        and 146,731 ounces were
from Detour Lake.
        But, importantly, the
company
        reiterated guidance on
costs.
        The company sees all-in
        sustaining costs falling
to
        US$700 per ounce in
        the second half of this
year.
        Now, importantly,
        helping improve the
outlook for
        Kirkland Lake Gold not
only been
        its price action but
        insiders have been buying.
        And you can see that in
        the green dots along
        the line here in the
chart.
        And you can zoom in
        a bit if you want to go
to,
        say, 90 days.
        You can see that right
there.
        It'll pop up, and
        you'll see there's been
some insider
        buying even as the stock
        has been advancing off of
        its 52-week low of $40.07
set March 30th.
        Now, as markets come to
        grips with the
double-barreled risks of
        higher inflation and
        the Fed possibly
tightening,
        I think gold's going to
probably
        continue to see a bid
here.
        And, you know, it is
        one of those few assets
that I think can
        offer protection from
        both Fed risk and
inflation risk.
        So, we could see
        more investor interest for
assets like
        Kirkland Lake Gold as
investors
        go to those assets for
        some form of hedging and
protection.
        Now, overall, this is, of
course,
        not a recommendation to
        buy or sell securities.
        I am not a licensed
financial advisor.
        So, please do your own due
diligence.
        For a full copy of the
report,
        you can get it via
inkresearch.com
        or canadianinsider.com
where
        you can get it via
        the Canadian Insider Ultra
Club.
        Well, thanks for stopping
by,
        and click on the notify
button
        to be notified when we
have
        another INK morning report
preview available.