It is worth noting that Kirkland Lake itself became a sizable entity mainly through external M&A transactions. It merged with Newmarket Gold in 2016, which elevated it to an intermediate gold producer, and, with its acquisition of Detour Gold in 2020, Kirkland Lake lifted its production profile to above 1 million ounces per year, thus achieving senior gold producer status.
In 2022, the joint acquisition of Yamana Gold by Pan American Silver and Agnico Eagle Mines was one of the mining industry’s most notable M&A transactions of the year. This transaction received shareholder approval on January 31, 2023, and is expected to close in the first quarter of this year upon the approval from Ontario Superior Court of Justice and Mexican Federal Economic Competition Commission.
Starting off 2023 with a bang
For a third consecutive year, the precious metals space could see another merger between two of its largest producers. On February…
