representative work

Kirkland Lake Gold and Agnico Eagle Announce Merger of Equals to Create Senior Gold Producer with Implied Market Capitalization of US$24 Billion


On September 28, 2021, Kirkland Lake Gold Ltd. and Agnico Eagle Mines Limited announced that they entered into a definitive agreement to combine in a “merger of equals” pursuant to a plan of arrangement. Under the arrangement, Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle share for each Kirkland Lake Gold share held, resulting in a value of approximately US$10.6 billion. On closing of the arrangement, existing Agnico Eagle and Kirkland Lake Gold shareholders will own approximately 54% and 46% of the combined company, respectively.

Cassels is acting as external counsel to Kirkland Lake Gold.