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Stocks in play: Kirkland Lake Gold Ltd.

Baystreet.ca
·1 min read

Announced the Company’s financial and operating results for the fourth quarter and full-year 2019. The company reported record quarterly production of 279,742 ounces, an increase of 21% from 231,217 ounces in Q4 2018 and 13% higher than 248,400 ounces the previous quarter. Strong revenue growth to $412.4 million, 47% higher than $280.3 million in Q4 2018 and an increase of 8% from $381.4 million the previous quarter; Gold sales in Q4 2019 totaled 278,438 ounces, 23% and 9% higher than Q4 2018 and the previous quarter, respectively. Record adjusted net earnings1: Adjusted net earnings totaled $185.3 million ($0.88 per share), a 76% increase from Q4 2018 and 11% higher than the previous quarter; Net earnings in Q4 2019 totaled $169.1 million ($0.81 per share) compared to net earnings of $106.5 million ($0.51 per share) in Q4 2018 and $176.6 million ($0.84 per share) in Q3 2019. Kirkland Lake Gold Ltd. shares T.KL are trading down $2.65 at $46.93.

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