NEM - Agnico Eagle: Kirkland Lake Merger Makes It A Premier Investment For Gold Growth

• Agnico Eagle and Kirkland Lake Gold have agreed to a merger of equals, creating what could become the world’s greatest gold mining company.
• Gold is in a stealth bull market since breaking out in June 2019. It is in the process of completing a 10-year cup and handle pattern with significant upside potential.
• Gold miners offer a high beta play on the bullish gold backdrop. The efficient portfolio frontier points toward a material gold position while institutions are largely underweighting the optimal allocation.
• Kirkland Lake trades at a 38% discount to Agnico Eagle due to its concentration risk. This will be diversified away by the merger, opening the door to substantial multiple expansion.
• Agnico Eagle and Kirkland Lake are a premier gold choice offering a positively skewed risk/reward opportunity in a top-quality mining package with full exposure to the price of gold.

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