On September 28, Agnico Eagle Mines Ltd. (TSX/NYSE: AEM) and Kirkland Lake Gold Ltd. (TSX/NYSE: KL) announced plans to combine their operations into a single company. As per the terms of the deal, KL shareholders will receive 0.7935 shares of the new company for each share currently held. Upon closing, which is expected in Q4/2021 or Q1/2022, KL shareholders will own 46% of the combined company and AEM will retain a 54% share. The new company (“Newco”) will retain the Agnico Eagle name.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
