Share this article!
 
Print Friendly and PDF



Agnico Eagle Mines and
Kirkland Lake Gold Merger Completed.
Reports New Wide, High-Grade
Intersections at the Detour Lake Property

Agnico Eagle Mines Limited (TSX/NYSE: AEM) and Kirkland Lake Gold Ltd. (TSX/NYSE: KL) have successfully completed the previously announced merger of equals transaction.

The combined company will continue as Agnico Eagle Mines and will remain listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker “AEM”.

In aggregate, Agnico Eagle issued approximately 209,274,263 common shares to former Kirkland Lake Gold shareholders as consideration for their shares. At the opening of markets today, the new Agnico Eagle had a market capitalization of approximately US$22.4 billion.

The combined company will be led by Sean Boyd, as Executive Chair, Anthony Makuch, as Chief Executive Officer and Ammar Al-Joundi, as President.

The shares of Kirkland Lake Gold have been de-listed from the TSX and the NYSE.

Agnico Eagle announced results from 59 holes, including four wedge holes and one hole extension, totaling 49,073.5 m of drilling along the Detour Mine Trend at the Detour Lake property.

Agnico Eagle acquired the Detour Lake property on February 8, 2022, following the successful completion of the previously announced merger of equals transaction with Kirkland Lake Gold.

Read Highlights of the Drilling Results

About Agnico Eagle Mines Limited

The new Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@AgnicoEagle.com or call (416) 947-1212. Agnico Eagle’s head office continues to be located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7.

The Bull & Bear Financial Report

Copyright 2021 - 23 || All Rights Reserved
Reproduction in whole or part is strictly prohibited
without prior written permission.


NOTE: The Bull & Bear Financial Report does not itself endorse or guarantee
the accuracy or reliability of information, statements or opinions
expressed by any individuals or organizations posted on this site


The Bull & Bear Financial Report is published by
BULL & BEAR MEDIA GROUP, INC.
Info@TheBullandBear.com

Website Designed & Maintained by Gemini Communications

PLEASE READ DISCLAIMER