representative work

Kirkland Lake Gold Announces Strategic Alliance with Newmont Canada


On August 17, 2020, Kirkland Lake Gold Ltd. announced that it and its indirect wholly-owned subsidiary, St Andrew Goldfields Ltd., entered into a strategic alliance agreement with Newmont Canada FN Holdings ULC with respect to exploration and development opportunities around Kirkland Lake Gold’s Holt Complex and Newmont’s properties in Timmins, Ontario. Under terms of the agreement, Newmont agreed to pay Kirkland Lake Gold US$75 million to acquire an option on certain mining and mineral rights related to Kirkland Lake Gold’s Holt Mine property. The agreement also includes a commitment by the two companies to work together to identify additional regional exploration opportunities around their respective land positions in the region where they may be able to cooperate in the future to advance projects and create value for both companies.

Cassels acted as external counsel to Kirkland Lake Gold with a team comprised of Jamie Litchen and Brian Dominique (M&A and Mining).

RELATED EXPERTISE: Mergers & Acquisitions | Mining