This year, I chose Kirkland Lake Gold as my top pick following its takeover of Newmarket Gold, another favorite gold miner of mine. Every year in December, I list my top 10 gold stocks to own for the upcoming year. ForI felt very confident in my top pick, Kirkland Lake Gold OTCPK: There was no reason for such a large discount in my view given the strength of Kirkland Lake Gold's assets its two operating mines are very high-grade and are located in the top-tier mining jurisdictions of Canada and Australiaits profitability and solid balance sheet, and exploration potential.

Fast forward a little over a month, how has this pick performed? At the time of the article on Dec. This compares favorably to a GDXso the pick has mostly been a success - I say mostly because there are definitely other gold miners that have outperformed, including my 9 pick, Mariana Resources OTCPK: Anyway, I thought it was a good time to re-visit this pick following some recent news.

Besides announcing a ticker symbol change to OTCQX: KLGDF on the US OTCQX exchange, Kirkland Lake Gold recently announced that it exceeded production guidance inand then later announced some pretty amazing drill results from its newly acquired Fosterville Gold Mine in Australia.

I felt this was great news for Kirkland Lake, especially since I feel it's important the company get off to a good start ak trading home options inc a new company.

First, for the production results. Us dollar china rmb exchange rate Lake says its consolidated pro-forma gold output from Canadian and Australian operations wasounces.

In Canada, production ofounces exceeded guidance set by Kirkland Lake oftoounces. At the Macassa mine, Kirkland Lake achieved incredible gold grades of And in the fourth quarter, these 8mm film stock buy actually improved to In Australian, production wasounces, exceeding the guidance set by Newmarket Gold oftoounces.

The Fosterville mine in Australia produced record average grades of 7.

And in the fourth quarter, grades improved to 8. So from a production standpoint, both companies really finished the year strongly, production more gold than expected and at record grades. Now, for the balance sheet.

I think the production and all-in sustaining cost guidance is likely very conservative. And that leads me to the next news, Kirkland Lake's exploration success at Fosterville.

I don't think I've seen such high grades over long intersections before.

Eric Sprott bets millions on a gold producer and 10 out of 10 analysts agree it's a buy - The Globe and Mail

With these record drill results, it's clear that there is high-grade visible gold mineralization at the underground resource at Fosterville. The drill results support newmarket gold stock price expansion of Fosterville's current resource and reserve base.

The company says it currently has nine currency exchange rate calculator yahoo rigs active at the mine, with the goal of extending the mine life and increasing the resource base.

The drilling program certainly looks like it will be money well spent. In conclusion, I think Kirkland Lake Gold is off to a great start inbut is just getting started. While the production and cash cost guidance doesn't look that great, investors need to keep in mind the aggressive drill programs and the future production upside from Macassa and Fosterville.

This is my second largest real-life gold holding, and I remain confident in my top gold stock pick for I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article. This article discusses one or more securities that do not trade on a major U.

Please be aware of the risks associated with these stocks.

Newmarket Gold's shares up 75% in and that is just the beginning | gedyfej.web.fc2.com

Long Ideas Short Ideas Cramer's Picks IPOs Quick Picks Sectors Editor's Picks. My Number 1 Gold Stock Pick Is Just Getting Started Jan. Summary Every year, I list my top 10 gold stocks to buy for the upcoming year. How has the pick performed so far? And is Kirkland Lake Gold still a buy?

I give an update. Yahoo Finance Fast forward a little over a month, how has this pick performed? Investing IdeasLong IdeasCanada.

PKG stock quote - Packaging Corporation of America Common Stock price - gedyfej.web.fc2.com

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