Agnico Eagle, Kirkland Lake Gold close US$10B merger

Marilyn Scales | February 9, 2022 | 10:31 am News Precious Metals Canada Gold 
The Detour Lake gold mine in Ontario. Credit: Kirkland Lake Gold

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL) successfully completed their US$10-billion merger on Feb. 8.

The combined company will continue to do business as Agnico Eagle Mines Ltd. The ticker “AEM” will continue to be used on the Toronto and New York stock exchanges. The combined company has a market capitalization of about US$22.4 billion.

Agnico Eagle’s reconstituted board of directors now consists of Leona Aglukkaq, Sean Boyd (executive chair), Martine Celej, Robert Gemmell, Jonathan Gill, Peter Grosskopf, Arnold Klassen, Elizabeth Lewis-Gray, Anthony Makuch (CEO), Deborah McCombe, Jeffrey Parr (vice-chair), J. Merfyn Roberts and Jamie Sokalsky (lead director).

The combined company will be led by Sean Boyd, as executive chair, Anthony Makuch, as CEO and Ammar Al-Joundi, as president.

The shares of Kirkland Lake Gold were to be delisted today.

Details of the merger and documents are available on www.AgnicoEagle.com.

13 0

Mining.com Recommends

More Canada News