First Berlin – Klondike Gold Corp. Research Update (12/10/2021)

First Berlin Equity Research has published a research update on Klondike Gold Corp. (ISIN: CA4989033010). Analyst Ellis Acklin reiterated his BUY rating and maintained his CAD 0.85 price target.

Abstract
We think Klondike Gold Corp (KG) is on a clear path to delineate an initial resource of some 0.5 Moz Au at ~1 g/t in H1 2022. The company just wrapped up a comprehensive drilling campaign that encompassed some 7.4k meters and 58 holes, and initial assays were supportive. Klondike started drilling on its ~586 km? District Property in 2015. In our view, the highly anticipated maiden resource estimate (RE) will be a watershed moment for the company and should act as a strong catalyst for the stock. But we believe there are already plenty of reasons to be positive now, and remain Buy-rated on KG. Our price target is unchanged at C$0.85.