KL - Kirkland Lake shareholders approve Agnico Eagle merger deal

Kirkland Lake Gold (KL -3.2%) shareholders vote in favor of the proposed merger with Agnico Eagle Mines (AEM -3.2%) which would create Canada's largest gold miner. Kirkland Lake says more than 186.8M shares representing 70.85% of the company were voted at the special shareholder meeting, with the merger approved by more than 150.6M shares, or 80.65% of the votes cast by shareholders. Separately, Kirkland Lake says the environmental regulator for Australia's Victoria state determined that low-level frequency noise of 16-20 Hz is being emitted by the Fosterville mine. The regulator says it could take additional action that may result in restrictions on the use of certain equipment. Agnico Eagle and Kirkland Lake both trade at a premium, which should continue to rise as the miners combine, SomaBull writes in a bullish analysis published on Seeking Alpha.

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Kirkland Lake shareholders approve Agnico Eagle merger deal