GOLD M&A
Fellow TSX-listed gold miner Kirkland Lake Gold announced this week that it will buy Newmarket Gold in a $1-billion all-scrip deal with an implied value of C$1.01-billion. Once the deal has been completed, the combined company, called Kirkland Lake Gold, will have a market cap of nearly C$2.4-billion with yearly output of more than 500 000 oz of gold, spread across seven mines in Ontario and Australia.
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