Agnico Eagle completed the merger with Kirkland Lake Gold in a $24bn deal.

Agnico Eagle, a gold miner, completed the merger with Kirkland Lake Gold, a Canada-based gold mining, development, and exploration company, in a $24bn deal. Agnico Eagle and Kirkland Lake Gold shareholders own approximately 54% and 46% of the combined company, respectively. “The transaction creates a company with a strong platform of people, assets and financial resources to continue to build and operate a long term sustainable and self funding business. Kirkland Lake is an excellent cultural fit with Agnico Eagle, and we look forward to working together to further grow our business through exploration, mine development and optimization of our high-quality asset base. Over time, we believe that the gold industry will continue to evolve and consolidate and with this transaction we are well positioned to take advantage of high-quality opportunities and be a true Canadian mining champion," Sean Boyd, Agnico Eagle CEO. On November 26, Kirkland Lake Gold shareholders approved merger with Agnico Eagle.