Kirkland Lake Gold to Add New Cornerstone Asset Through Acquisition of Detour Gold, Grows Free Cash Flow, Mineral Reserves and Production
Kirkland Lake Gold Ltd. Common Shares (KL)
Last kirkland lake gold ltd. common shares earnings: 2/20 02:09 am
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US:NYSE Investor Relations:
klgold.com/investors/default.aspx
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Source: Business Wire
Transaction Creates:+1.5 Moz/year gold producer; combines large-scale, long-life Detour Lake Mine (“Detour Lake”) with high-grade Macassa and Fosterville minesIndustry leader in free cash flow generation, financial performance, and balance sheet strengthExtensive organic growth potential at all assets supported by a large base of mineral reserves and mineral resourcesPipeline of highly-prospective exploration targets around current operations TORONTO--(BUSINESS WIRE)--Kirkland Lake Gold Ltd. (“Kirkland Lake Gold”, the “Company” or “KL”) (TSX:KL) (NYSE:KL) (ASX:KLA) and Detour Gold Corporation (TSX: DGC) (“Detour Gold”) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) whereby Kirkland Lake Gold will acquire all of the issued and outstanding securities of Detour Gold pursuant to a plan of arrangement (the “Transaction”).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/201
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