M&A Deal Summary |
|
|---|---|
| Date | 2019-11-25 |
| Target | Detour Gold |
| Sector | Metals/Mining |
| Buyer(s) | Kirkland Lake Gold |
| Deal Type | Add-on Acquisition |
| Deal Value | 4.9B CAD |
| Advisor(s) | BMO Capital Markets Citigroup Investment Banking (Financial) Stikeman Elliott Jones Day Squire Patton Boggs (Legal) |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Metals/Mining |
| Revenue | 2.5B USD (2020) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Ontario) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2019) | 1 of 1 |
