September 28, 2021 08:00 AM EST
Speaker(s):
Sean Boyd, Executive Chair
Participant Toll Free Dial-In Number: (888) 664-6392
Participant International Dial-In Number: (416) 764-8659
Replay Dial-in Number: (855) 390-0541
Access code: 180326
Webcast
https://www.agnicoeagle.com/English/investor-relations/news-and-events/events-and-webcasts/event-details/2021/Agnico-Eagle-and-Kirkland-Lake-Gold-Merger-of-Equals-Conference-Call/default.aspx
$Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals To Create
Highest-Quality Senior Gold Producer
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) --
$Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (“Agnico Eagle” or the
“Company”) and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA)
(“Kirkland Lake Gold”) announced today that they have entered into an
agreement (the “Merger Agreement”) to combine in a merger of equals
(the “Merger”), with the combined company to continue under the name
“Agnico Eagle Mines Limited”.
The Merger will establish the new Agnico Eagle as the gold
industry’s highest-quality senior producer, with the lowest unit costs,
highest margins, most favourable risk profile and industry-leading best
practices in key areas of environmental, social and governance (“ESG”).
Upon closing of the Merger, the Company is expected to have $2.3 billion
of available liquidity, a mineral reserve base of 48 million ounces of
gold (969 million tonnes at 1.53 grams per tonne), which has doubled
over the last 10 years, and an extensive pipeline of development and
exploration projects to drive sustainable, low-risk growth.
The Merger will create a best-in-class gold mining company operating in
one of the world’s leading gold regions, the Abitibi-Greenstone Belt
of northeastern Ontario and northwestern Quebec (the “Abitibi”), with
superior financial and operating metrics.
Consolidation within the Abitibi will also provide the new Agnico Eagle
with significant value creation opportunities through synergies and
other business improvement initiatives.
Additionally, the Company is established uniquely as the only gold
producer in Nunavut and well positioned internationally with profitable
and prospective assets in Australia, Finland, and Mexico.
https://www.kl.gold/news-and-media/press-release-details/2021/Agnico-Eagle-and-Kirkland-Lake-Gold-Announce-Merger-of-Equals-To-Create-Highest-Quality-Senior-Gold-Producer/default.aspx
The annual end-of-year gold buying season in Asia is off to a solid start,
according to Sharps Pixley’s Lawrie Williams.
Swiss exports to India last month, he says in a report posted yesterday,
were up 250% over August 2020 while exports to China doubled.
Though China’s demand appears somewhat restrained, the surge from very
low pandemic numbers last August reflects something of a return to
normality.
The two countries together, he says, are likely to consume 60% to 70%
of the world’s mine production in 2021.
“Altogether Asian and Middle Eastern nations,” he adds, “received 98.4
tonnes, or 83.5% of Swiss gold exports in August serving to emphasize
the overall demand destinations of gold bullion from Western nations
to Eastern ones where it is mostly held in stronger hands and thus less
prone to being put back into the global gold supply mix.”
Swiss refiners are the chief source of physical gold bullion
going to Asia.
$Kirkland Lake Gold Declares Quarterly Dividend Payment
TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) --
$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL)
(NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment
for the third quarter of 2021 (“Q3 2021”) of US$0.1875 per common share
will be paid on October 13, 2021 to shareholders of record as of the
close of business on September 29, 2021.
The Q3 2021 payment represents the 18th quarterly dividend payment made
to shareholders following the Company’s adoption of a dividend policy
in March 2017.
The Company’s quarterly dividend qualifies as an “eligible dividend”
for Canadian income tax purposes.
For Canadian shareholders, the US dollar dividend payment will be
converted to Canadian dollars using the spot price exchange rate on
October 13, 2021, the day prior to the payment date.
$About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. 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 the Company 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.
For further information on Kirkland Lake Gold and to receive news
releases by email, visit the website at
http://www.kl.gold.com
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations Phone:
+1 416-840-7884
E-mail: mutting@kl.gold
Website : http://www.kl.gold.com
Fed tightening: It’ll come, and it’ll be a 'crisis', $1,800 gold is 'good
price' - Adrian Day
77,226 views Jul 26, 2021
1.9
Kitco NEWS
https://www.youtube.com/watch?v=O4hoV9779mQ
https://investorshub.advfn.com/boards/manage_msg.asp?message_id=165877493
For further information regarding the Company’s 2020 Mineral Reserves and Mineral Resources estimates for the Fosterville Gold Mine, please refer to the Company’s News Release dated February 25, 2021 and the Technical Report entitled “Updated NI 43-101 Technical Report Fosterville Gold Mine In the State of Victoria, Australia” effective December 31, 2018, both available on the Company’s website and on SEDAR.
Drilling and Underground Sampling Assay QAQC
Kirkland Lake Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All surface diamond drill hole collars are accurately surveyed using Leica TS16 Total Station Trimble R10 GPS and underground holes using a Leica TS16 Total Station (Table 2). Down-hole deviations are measured by either electronic gyro or single-shot instruments.
Sampling consisted of diamond drill core that was either half core or full core sampled. Half core samples were cut longitudinally in half with a diamond saw; one-half of the drill core was sent to an independent laboratory for analysis and the other drill core half retained for reference. Sample pulps are returned from the assay laboratory for reference and future geological or metallurgical studies. Drill core sample intervals vary between 0.1 and 1.3m in length and were determined from logging of sulfide and VG to geological boundaries.
For assay QAQC purposes Certified Reference Material (CRM) and Blank samples are inserted into the sample stream at rates of approximately 1 in 25.
Samples containing visible-gold or considered likely to contain visible-gold were separated from sulfide gold samples and dispatched separately for assaying. At the laboratory “visible-gold” jobs were processed through a single pulverizer and material barren of gold (‘quartz wash’) was crushed before and after each sample to minimize the potential for gold to contaminate successive samples.
Assays are either based on 25-gram fire assay or screen fire assay with Atomic Absorption Spectroscopy (AAS) finish. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2 m internal dilution. No upper gold grade cut-off is applied to the data. However, during future Mineral Resource studies the requirement for assay top cutting will be assessed.
The samples were assayed at On Site Laboratory Services, an independent laboratory in Bendigo, Victoria. The facility is registered under ISO 9001:2015 (CERT-40147) and operates in accordance with ISO/IEC17025 (accreditation no. 20456) under National Association of Testing Authorities, Australia (NATA).
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. 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 the Company 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.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.kl.gold.com
https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx
LATEST PRESENTATION
https://s23.q4cdn.com/685814098/files/doc_presentations/2021/07/Q2-2021-CONFERENCE-CALL-AND-WEBCAST-July-29-2021-v12.pdf
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website
https://www.klgold.com
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold
https://www.kl.gold/news-and-media/default.aspx
Primary Logo
Source: Kirkland Lake Gold Ltd
Ps.
Kirkland Lake Gold should buy MMY bargain producer of gold & silver -
$Monument Mining Limited (MMY.VN) -
$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile)
https://www.barchart.com/stocks/quotes/MMY.VN/opinion
$Way undervalued and oversold - 5 bagger + + + + ? or more -
IMO!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161590519
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
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