Tuesday, October 28, 2025

Kirkland Lake Gold Declares US$662.7 Million In Revenue For Q2 2021

Kirkland Lake Gold Ltd. (TSX: KL) reported today its financial and operational results for Q2 2021, which highlighted revenue of US$662.7 million. This is an increase from last quarter’s US$551.8 million and last year’s US$581.0 million.

The company attributes the revenue growth to the increase in average gold prices and the amount of gold ounces sold during the quarter.

Corollary, the US$244.2 million net earnings for the quarter is an increase from last quarter’s US$161.2 million and last year’s US$150.2 million. The net earnings for the quarter yielded $0.91 in earnings per share.

The results also included the previously announced production of 379,195 ounces gold ounces and all-in sustaining cost of US$780 per gold pound for the quarter.

The mining firm also ended the quarter with a cash balance of US$858.4 million, compared to US$792.2 million last quarter. The company also generated this quarter a higher cash flow from operating activities at US$330.6 million leading to a higher free cash flow balance of $131.2 million, compared to last quarter’s $208.2 million and $42.7 million, respectively.

For the first six months of 2021, Kirkland Lake produced 682,042 gold ounces and has relayed that it is on track with the previously announced full-year gold production guidance of 1.3 – 1.4 million ounces.

You may see the full details of Kirkland Lake’s Q1 2021 financial and operational results here.

Kirkland Lake Gold Ltd. last traded at $49.95 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

In this interview, Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc. (TSX: MUX),...

Wednesday, June 11, 2025, 02:20:00 PM

Falcon Gold Increases Financing Due To Excess Demand

Falcon Gold (TSXV: FG) has increased its outstanding offering that was announced earlier this week...

Thursday, May 14, 2020, 09:18:34 AM

Freeman Gold Closes $3.0 Million Strategic Financing

Freeman Gold (CSE: FMAN) has closed its previously announced financing. The strategic funding saw gross...

Wednesday, September 8, 2021, 10:02:00 AM

The Next Big Catalyst for Gold — With Doug Casey

Returning to the Daily Dive is Doug Casey, a world-renowned resource speaker, New York Times...

Wednesday, March 15, 2023, 01:30:00 PM

Talisker Resources Drills 1.98 G/T Gold Over 62.05 Metres At Bralorne Project

Talisker Resources Ltd. (TSX: TSK) announced today the early assay results from a drill hole...

Wednesday, September 22, 2021, 10:21:00 AM