Novo investment delivering for Kirkland Lake

DESPITE owning its stake in Novo Resources Corp for just over three weeks of the September quarter, Kirkland Lake Gold has posted a stunning gain on its investment.

Novo investment delivering for Kirkland Lake Novo investment delivering for Kirkland Lake Novo investment delivering for Kirkland Lake Novo investment delivering for Kirkland Lake Novo investment delivering for Kirkland Lake

Consistent operating performance and mine life extensions are key to a Kirkland Lake rerating, according to Makuch

In early September, KL invested US$61 million in Novo to acquire shares and purchase warrants.

The company overnight announced a $99.