M&A Deal Summary

Agnico Eagle Acquires Kirkland Lake Gold

On September 28, 2021, Agnico Eagle acquired metals/mining company Kirkland Lake Gold

Acquisition Highlights
  • This is Agnico Eagle’s 8th transaction in the Metals/Mining sector.
  • This is Agnico Eagle’s 9th transaction in Canada.
  • This is Agnico Eagle’s 5th transaction in Ontario.

M&A Deal Summary
Date 2021-09-28
Target Kirkland Lake Gold
Sector Metals/Mining
Buyer(s) Agnico Eagle
Deal Type Merger
Advisor(s) CIBC Capital Markets (Financial)
Fasken Martineau DuMoulin (Legal)

Target

Kirkland Lake Gold

Toronto, Ontario, Canada
Kirkland Lake Gold is a senior gold producer operating in Canada and Australia that is targeting 1,300,000–1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district-scale exploration potential, supported by a strong financial position with extensive management expertise. Kirkland Lake Gold was founded in 1983 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

Agnico Eagle

Toronto, Ontario, Canada
Category Company
Founded 1953
Sector Metals/Mining
Employees6,210
Revenue 6.6B USD (2023)
DESCRIPTION

Agnico Eagle is a gold producer, with mines and exploration company. Agnico Eagle was founded in 1953 and is based in Toronto, Canada.

DEAL STATS #
Overall 9 of 9
Sector (Metals/Mining) 8 of 8
Type (Merger) 1 of 1
State (Ontario) 5 of 5
Country (Canada) 9 of 9
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Candelaria

Vancouver, British Columbia, Canada

Candelaria is a gold development and exploration company with significant upside in a portfolio of projects in Mexico. Candelaria is advancing its flagship project, Caballo Blanco, through technical studies with the goal of bringing the project to production. Candelaria was founded in 2012 and is based in Vancouver, Canada.

Buy $6M
Mergr

Product

Company

Legal