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Canadian Merger to Create New Gold Mining Giant

Canadian Merger to Create New Gold Mining Giant


Industry Segment: Metals & Minerals | Word Count: 480 Words
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SUGAR LAND--October 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The planned "merger of equals" between Toronto, Canada-based firms Agnico Eagle Mines Limited (NYSE:AEM) and Kirkland Lake Gold Limited Agnico Eagle Mines and Kirkland Lake Gold (NYSE: KL) would create a new global gold mining major. Subject to a vote by the companies' respective shareholders, the proposed C$13.5 billion (US$10.6 billion) deal would combine Canada's largest and second-largest gold mining firms, with a mineral reserve base of 48 million ounces of gold. Industrial Info is tracking more than US$3.5 billion worth of projects by the two companies.

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