First Berlin – Klondike Gold Corp. Research Update (16/07/2020)

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 0.80 price target.

Klondike Gold Corp (KG) has wrapped up the three phases of drilling in the Lone Star (LS) and Stander Zones. The drill-team completed a total of 22 holes vs the 18 originally planned. All samples were submitted for analysis, and initial assays are expected later this month. The 2020 season remains on schedule despite covid-19 obstacles, and we expect a productive campaign as KG progresses towards its targets. Meanwhile, the gold price breached $1,800 / oz for the first time since 2011 providing good market tailwinds for the company. We remain Buy-rated on Klondike with an unchanged C$0.80 price target.