Kirkland Lake Gold (KL) has notable insider buying

Kirkland Lake Gold (T:KL)

Kirkland Lake Gold Ltd. (KL) has a high amount of executive buying compared to its mid-cap peers over the past three months. Eric S. Sprott, a Director, acquired 100,000 Common Shares on a direct ownership basis at a price of $13.472 through the public market on August 15th, 2017. This represents a $1,347,230 investment into the company's shares and an account share holdings change of 0.6%.

Kirkland Lake Gold Ltd, formerly Newmarket Gold Inc, is a Canada-based gold mining, development and exploration company. It holds over three operating mines, which include the Fosterville Gold Mine (Fosterville) and the Stawell Gold Mine in the State of Victoria and the Cosmo Gold Mine. Its segments include Fosterville, Northern Territory and Stawell. The Fosterville is located approximately 20 kilometers northeast of the city of Bendigo and over 130 kilometers north of the city of Melbourne in Victoria, Australia. The Stawell Gold Mine is located in the Australian State of Victoria, over 250 kilometers northwest of Melbourne and approximately two kilometers from the Township of Stawell. It also owns the Maud Creek Gold Project, located in the Northern Territory, Australia, and the title to a mining lease in Point Leamington, which is located in north-central Newfoundland, Canada. It has a production capacity to produce over 200,000 ounces of gold annually.