# Agnico Eagle and Kirkland Lake Gold announce merger of equals

Agnico Eagle Mines Limited and Kirkland Lake Gold Ltd. announced a merger of equals to create a combined company named Agnico Eagle Mines Limited. The merger will establish a senior gold producer with expected $2.3 billion available liquidity and 48 million ounces of gold reserves.

- Type: Acquisition
- Announced: 2021-09-28
- Where: Canada
- Value: $13.0B
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Agnico Eagle Mines](https://endata.com/companies/32278.md) (acquirer)
- [Kirkland Lake Gold](https://endata.com/companies/43524.md) (target)

## Sources

- [agnicoeagle.com](https://www.agnicoeagle.com/English/news-and-media/news-releases/news-details/2021/Agnico-Eagle-and-Kirkland-Lake-Gold-Announce-Merger-of-Equals-to-Create-Highest-Quality-Senior-Gold-Producer-09-28-2021/default.aspx), 2021-09-28: "The Merger will establish the new Agnico Eagle as the gold industry's highest-quality senior producer"
- [magazine.cim.org](https://magazine.cim.org/en/news/2021/agnico-eagle-and-kirkland-lake-gold-announce-merger/), 2021-09-28: "This merger starts a new chapter in Agnico Eagle's 64-year history and creates the leading low-risk global gold company with growing production, low costs and strong ESG leadership."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1713443/000106299321010099/exhibit99-1.htm), 2021-11-01: "Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held."
- [newswire.ca](https://www.newswire.ca/news-releases/agnico-eagle-and-kirkland-lake-gold-announce-filing-of-joint-management-information-circular-in-connection-with-proposed-merger-820891910.html), 2021-11-01: "Agnico Eagle Mines Limited and Kirkland Lake Gold Ltd. are pleased to announce today that they have filed a joint management information circular."

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