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On the Toronto Stock Exchange, Kirkland Lake Gold was promoted to the S&P/TSX 60 index effective September 23, 2019. [10] Within a few months, the company acquired Detour Gold in a $4.9-billion purchase. [11] In February 2022, Kirkland Lake Gold merged with Agnico Eagle Mines Limited in an all-stock deal with Kirkland's stocks being delisted. [12]
The Wright-Hargreaves Mine is a gold mine located in Kirkland Lake, Ontario. [1] In late July 1911, Bill Wright and his brother-in-law Ed Hargreaves discovered the first visible gold in what would later become the Kirkland Lake camp. [2] In 1913 the No. 1 shaft was sunk to a depth of 85 feet (26 metres).
Kirkland Lake is one of the most well known historic gold camps in North America. This mining and lumbering community is located just a 6-hour drive from Toronto (about 580 km North). [4] Gold was first discovered in 1906, in Swastika and Larder Lake but the first gold in the camp was produced at the Swastika mine in 1910. [5]
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LONDON -- After a steady start last week, gold reversed its earlier gains on Friday and slumped below $1,400 once more. Gold for immediate delivery ended the week 0.8% lower, at $1,383 per ounce.
The terms of the deal were that Detour Gold shareholders would receive 0.4343 of a Kirkland Lake Gold share, which at the time was a 24% premium of the market price (with Detour Gold share prices at $22.61 and Kirkland Lake Gold at $52.38) [31] and totaled approximately $4.9 billion. Despite apprehension of shareholders on both sides, both ...
On Tuesday Kirkland Lake Gold Ltd. (KL), Kirkland Lake Gold Ltd. a mid-tier producer of gold, announced the acquisition of another 5.03% stake in Osisko Mining Inc. (OSK), equaling 14,705,882 ...