TORONTO, Feb. 1, 2022 /PRNewswire/ - Agnico Eagle
Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle")
and Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA)
("Kirkland Lake Gold") are
pleased to announce that approval has been received from
Australia's Foreign Investment
Review Board ("FIRB Approval") regarding the proposed merger
of equals between Agnico Eagle and Kirkland
Lake Gold (the "Merger") by way of a plan of
arrangement under the Business Corporations Act
(Ontario). Agnico Eagle also
announces that it will release its fourth quarter and full year
2021 results on Wednesday, February 23,
2022, after normal trading hours.
FIRB Approval and Anticipated Closing Date
FIRB Approval is the final key regulatory approval needed in
order to permit closing of the Merger. The parties anticipate that
the closing date of the Merger will occur on or about February 8, 2022, subject to customary closing
conditions.
Fourth Quarter and Full Year 2021 Results
Agnico Eagle will release its fourth quarter and full year 2021
results on Wednesday, February 23,
2022, after normal trading hours.
Fourth Quarter and Full Year 2021 Results Conference Call and
Webcast
Agnico Eagle's senior management will host a conference call on
Thursday, February 24, 2022 at
11:00 AM (Eastern time) to discuss
Agnico Eagle's fourth quarter and full year financial and operating
results, as well as operating plans following completion of the
Merger.
Via Webcast:
A live audio webcast of the conference call will be available on
Agnico Eagle's website at www.agnicoeagle.com.
Via Telephone:
For those preferring to listen by telephone, please dial
416-764-8659 or toll-free 1-888-664-6392. To ensure your
participation, please call approximately five minutes prior to the
scheduled start of the call.
Replay archive:
Please dial 1-416-764-8677 or toll-free 1-888-390-0541, access
code 093746#. The conference call replay will expire on
Friday, March 25, 2022.
The webcast along with presentation slides will be archived for
180 days on Agnico Eagle's website.
Other 2022 Results Dates
Agnico Eagle's financial statement and operating results for
2022 are scheduled to be released as follows, after normal trading
hours:
First Quarter – Thursday, April 28,
2022
Second Quarter – Wednesday, July 27,
2022
Third Quarter – Wednesday, October 26,
2022
Agnico Eagle's Annual General Meeting of Shareholders is
scheduled to be held on Friday, April 29,
2022 at 11:00 AM (Eastern
time).
About Agnico Eagle Mines Limited
Agnico Eagle is a senior Canadian gold mining company, producing
precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality
exploration and development projects in these countries as well as
in the United States and
Colombia. Agnico Eagle is a
partner of choice within the mining industry, recognized globally
for its leading environmental, social and governance practices. The
Company was founded in 1957 and has consistently created value for
its shareholders, declaring a cash dividend every year since
1983.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold is a low-cost
senior gold producer operating in Canada and Australia that produced 1,432,616 ounces in
2021. The production profile of Kirkland
Lake Gold 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, extensive management
expertise and an overriding commitment to safe, responsible
mining.
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at
February 1, 2022. Certain statements
in this news release, referred to herein as "forward-looking
statements", constitute "forward-looking statements" within the
meaning of the United States
Private Securities Litigation Reform Act of 1995 and
"forward-looking information" under the provisions of Canadian
provincial securities laws. These statements can be identified by
the use of words such as "anticipate", "could", "expect", "may",
"would" or the negative of such terms and similar expressions. Such
statements include: the timing of the effective date of the Merger;
and the ability of Agnico Eagle and Kirkland Lake Gold to satisfy the other
conditions to the Merger.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, while considered reasonable by
Agnico Eagle and Kirkland Lake Gold
as of the date of such statements, are inherently subject to
significant business, economic, operational, and other risks,
uncertainties, contingencies and other factors, including those
described below, which could cause actual results, performance or
achievements of Agnico Eagle and Kirkland
Lake Gold to be materially different from results,
performance or achievements expressed or implied by such
forward-looking statements and, as such, undue reliance must not be
placed on them. Forward-looking statements are also based on
numerous material factors and assumptions, including with respect
to the ability of Agnico Eagle and Kirkland
Lake Gold to satisfy, in a timely manner, the other
conditions to the closing of the Merger and the completion of the
Merger on expected terms. Many factors, known and unknown, could
cause actual results to be materially different from those
expressed or implied by such forward-looking statements. Such risks
include, but are not limited to: the failure of Agnico Eagle and
Kirkland Lake Gold to satisfy the
conditions to the completion of the Merger, in a timely manner, or
at all; and the additional risk factors set out in the joint
management information circular of Agnico Eagle and Kirkland Lake Gold dated October 29, 2021, including under the heading
"Risk Factors". Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. Other than as required by law, Agnico Eagle and
Kirkland Lake Gold do not intend,
and do not assume any obligation, to update these forward-looking
statements.
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SOURCE Agnico Eagle Mines Limited