Precious Metals

Agnico Eagle Mines Limited (TSX:AEM) (NYSE:AEM) (" Agnico Eagle ") and Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) (ASX:KLA) (" Kirkland Lake Gold ") are pleased to announce the successful completion of the previously announced merger of equals transaction (the " Merger ").

The combined company will continue as Agnico Eagle Mines Limited and will remain listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker "AEM". In aggregate, Agnico Eagle issued approximately 209,274,263 common shares to former Kirkland Lake Gold shareholders as consideration for their shares. At the opening of markets today, the new Agnico Eagle had a market capitalization of approximately US$22.4 billion .

As previously announced, 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 Chief Executive Officer and Ammar Al-Joundi , as President.

Full details of the Merger and certain other matters are set out in the joint management information circular of Agnico Eagle and Kirkland Lake Gold and can be found under Agnico Eagle and Kirkland Lake Gold's respective profiles on SEDAR at and EDGAR at . A copy of the early warning report of Agnico Eagle in connection with its acquisition of Kirkland Lake Gold shares will be filed under Kirkland Lake Gold's profile on SEDAR and can be obtained by contacting Agnico Eagle as set out below.

Information for Former Kirkland Lake Gold Shareholders

The shares of Kirkland Lake Gold are expected to be de-listed from the TSX on or about the closing of trading on February 9 , 2022 and from the NYSE on or about the opening of trading on February 9 , 2022. The Kirkland Lake Gold CHESS Depositary Interests (" Kirkland CDIs ") were suspended from trading on the Australian Stock Exchange (ASX) at the closing of trading on February 2, 2022 and are in the process of being formally de-listed from the ASX. Kirkland Lake Gold is in the process of applying to cease to be a reporting issuer under applicable Canadian securities laws.

Pursuant to the Merger, former Kirkland Lake Gold shareholders (including former holders of Kirkland CDIs) are entitled to receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold share held. In order to receive Agnico Eagle shares in exchange for Kirkland Lake Gold shares, Kirkland Lake Gold registered shareholders must complete, sign, date and return (together with the certificate or DRS statement representing their shares) the letter of transmittal that was mailed to them prior to closing of the Merger. The letter of transmittal is also available under Kirkland Lake Gold's profile on SEDAR at and EDGAR at and by contacting Computershare Investor Services Inc., the depositary, by telephone at 1-514-982-7555 or toll-free in North America at 1-800-564-6253 or by email at: .

For those shareholders of Kirkland Lake Gold whose shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Kirkland Lake Gold shares and should follow the instructions of such intermediary or nominee. Holders of Kirkland CDIs are not required to submit a letter of transmittal and should contact the depositary (at its contact details above) or Computershare Investor Services Pty Limited if they have any questions regarding the process for receiving the Agnico Eagle shares.

About Agnico Eagle Mines Limited

The new Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada , Australia , Finland and Mexico . It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia . Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Cautionary Note Regarding Forward-Looking Information

The information in this news release has been prepared as at February 8, 2022 . Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "anticipate", "could", "expect", "may", "would" or the negative of such terms and similar expressions. Such statements include the anticipated timing of de-listing of the Kirkland Lake Gold shares on the ASX, NYSE and TSX.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle and Kirkland Lake Gold as of the date of such statements, are inherently subject to significant business, economic, operational, and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of Agnico Eagle and Kirkland Lake Gold to be materially different from results, performance or achievements expressed or implied by such forward-looking statements and, as such, undue reliance must not be placed on them. Forward-looking statements are also based on numerous material factors and assumptions. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the failure of Agnico Eagle and Kirkland Lake Gold to satisfy the requirements to effect the de-listing of Kirkland Lake Gold on the ASX, NYSE and TSX; and the additional risk factors set out in the joint management information circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021 , including under the heading " Risk Factors ". Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle and Kirkland Lake Gold do not intend, and do not assume any obligation, to update these forward-looking statements.

Cision View original content:

SOURCE Agnico Eagle Mines Limited

Cision View original content:

News Provided by Canada Newswire via QuoteMedia


Victory Resources: Developing Precious Metals Projects in Safe and Stable Canadian Jurisdictions

Victory Resources (CSE:VR) has launched its campaign on the Investing News Network’s resource channel.

Victory Resources is a resource development company growing a portfolio of precious metals projects. The company is focused on acquiring projects that are conducive to mining, especially those that benefit from both existing infrastructure and government support. Both of Victory Resources’ projects are located in safe and reliable mining jurisdictions in Canada, including the company’s flagship Hammond Reef South project in Ontario and the Mal-Wen gold project in British Columbia.

Keep reading...Show less

Mammoth Resources: Defining Precious Metal Resources in Mexico

Mammoth Resources (TSXV:MTH) has launched its campaign on the Investing News Network’s Resource channel.

Mammoth Resources is a precious metals exploration company developing the Tenoriba gold-silver exploration project in Mexico’s prolific Sierra Madre belt. The Sierra Madre region has historically produced 80 million ounces of gold equivalent and is home to 40 million ounces of recent gold equivalent discoveries led by such well known companies as Pan American Silver Corp. (TSX:PAAS), Agnico Eagle Mines Ltd. (TSX:AEM) and Goldcorp Inc. (TSX:G) (currently being acquired by Newmont Mining (NYSE:NEM), among others.

Keep reading...Show less
gold bars and us money

Top Stories This Week — Experts Talk Market Volatility, Fed's Next Move, Gold Price at VRIC


We're taking a break from our usual format this week so I can give you a recap of the Vancouver Resource Investment Conference (VRIC), which ran from May 17 to 18.

This is the first time VRIC has been live since January 2020, and it was my first in-person event since all the way back in March 2020 — it was definitely exciting to be back on the show floor having face-to-face conversations, and I'm excited to share our interviews with you over the next couple of weeks.

For now, let's talk about VRIC themes. Although it was clear attendees were glad to be off Zoom and back in the real world, there was a sense of sobriety given the current state of the broader markets.

Keep reading...Show less
light bulb with stock chart

VIDEO — Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and Later

Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and

As the broader markets face volatility, what is investor and speculator Rick Rule doing with his money?

Speaking to the Investing News Network at the recent Vancouver Resource Investment Conference (VRIC), Rule, who is proprietor at Rule Investment Media, said he sees today's circumstances as an opportunity.

"What bear markets really are is sales, and if you think that sales are good, then these are good," he said. He has a shopping list ready and is looking for places he can scale in, but did urge listeners to proceed with caution.

Keep reading...Show less

NOVAGOLD Announces Election of Directors and Voting Results from 2022 Virtual Annual General Meeting of Shareholders

  • A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting
  • All four proposals to shareholders were approved, including the election of all eleven director nominees; Kevin McArthur joins the Board
  • During the 2022 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 86% of the Company's issued and outstanding common shares entitled to vote

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 18, 2022 (the "Meeting"). All proposals were approved and all eleven director nominees were elected. A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting.

Kevin McArthur joins the Board of Directors of NOVAGOLD

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
various commodities atop a laptop

Expert: War has “Supercharged” Commodities Prices

Investment strategies for weathering and benefiting from current market trends were a hot topic at Sydney's recent RIU Resources Round-Up, held in early May.

Current opportunities and potential future ones were highlighted in the keynote address offered by John Forwood, chief investment officer at Lowell Resources Funds Management.

Quoting a February report from the head of commodity research at Goldman Sachs (NYSE:GS), Forwood explained to attendees that we have reached a “molecule crisis” in the commodity space and are essentially “out of everything.”

Keep reading...Show less
Outback Goldfields CEO Chris Donaldson

Outback Goldfields CEO Chris Donaldson: Embracing the Second Gold Rush in the Victorian Goldfields

Outback Goldfields CEO:17 million oz. of gold produced and producing within 3 miles of our

Keep reading...Show less
CMX Gold & Silver

CMX Gold & Silver

Keep reading...Show less

Latest Press Releases

Related News