# Kirkland Lake Gold to acquire Detour Gold for C$4.9 billion

Kirkland Lake Gold will acquire Detour Gold in an all-share deal valued at C$4.9 billion, adding the Detour Lake mine in Ontario to its portfolio.

- Type: Acquisition
- Announced: 2019-11-25
- Where: Ontario, Canada
- Value: $3.70B (4.90B CAD)
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Kirkland Lake Gold](https://endata.com/companies/43524.md) (acquirer)
- [Detour Gold](https://endata.com/companies/43525.md) (target)

## Sources

- [investingnews.com](https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/kirkland-lake-detour-gold-acquisition/), 2019-11-26: "The merger will help Kirkland retain its position as one of the largest gold producers globally with annual output of 1.5 million ounces per year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.