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KL - Agnico Eagle And Kirkland Lake Gold: A Puzzling Merger
Kirkland Lake Gold Ltd.
On September 28, 2021, Agnico Eagle and Kirkland Lake Gold announced a merger of equals to create a senior gold producer. The transaction is expected to close in December 2021.
Upon closing, existing Agnico Eagle and Kirkland Lake Gold shareholders will own approximately 54% and 46% of the combined company, respectively.