Kirkland Lake Gold and Agnico Eagle have announced the successful completion of the previously announced merger of equals’ transaction. The combined company will continue as Agnico Eagle Mines Limited and will remain listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker “AEM”.
At the opening of markets today, the new Agnico Eagle had a market capitalization of approximately US$22.4 billion. The combined company will be led by Sean Boyd, as Executive Chair, Anthony Makuch, as Chief Executive Officer and Ammar Al-Joundi, as President.
The new Agnico Eagle is the third largest gold mining company by output, producing precious metals from operations in Canada, Australia, Finland and Mexico.