According to the lawsuit, Kirkland made false and/or misleading statements and/or failed to disclose that: (1) Kirkland lacked adequate internal controls over financial reporting, especially as it relates to its projections of risks, reserve grade, and all-in sustaining costs; (2) as a result of the known, but undisclosed, impending acquisition of Detour Gold Corporation, Kirkland’s projections relating to its risks, reserve grade, and all-in sustaining costs were false and misleading; (3) Kirkland’s financial statements and projections were not fairly presented in conformity with International Financial Reporting Standards; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements about Kirkland’s business, operations, and prospects and/or lacked a reasonable basis and omitted material facts. When the true details entered the market, the lawsuit claims that investors suffered damages.
Kirkland Lake Gold Ltd.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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