Two gold mining heavyweights, Agnico Eagle Mines and Kirkland Lake Gold have merged.

The merger is expected to be completed by the first quarter of 2022 at the latest. Then the combined company will be the highest-quality gold company. The new company will be called Agnico Eagle Mines Limited. This merger could lead to more action in the gold sector. Experts also expect merger activity to increase due to the relaxed travel restrictions. The merger of the two industry giants was preceded by investments by both in exploration and acquisitions. Agnico Eagle Mines has been producing precious metals since 1957 and is active in Canada, Mexico and Finland. Kirkland Gold is active in Australia and Canada.

According to Credit Suisse experts, this large deal could cause new movements in the gold sector. There are other industry giants that might be considered for similar deals, such as Barrick Gold, AngloGold Ashanti, Gold Fields, Kinross Gold or Newcrest Mining. Similar to Kirkland Lake Gold and Agnico Eagle Mines, they could buy smaller or medium-sized companies beforehand in order to grow. Analyst Jackie Przybylowski from the investment bank BMO Capital Markets named Victoria Gold as a candidate.

Last year, Victoria Goldhttps://www.youtube.com/watch?v=tXqKksLoZb4 – successfully started commercial gold production at its Eagle gold mine in the Yukon despite the pandemic. August 2021 brought encouraging production of 21,000 ounces of gold.

Maple Gold Mineshttps://www.youtube.com/watch?v=mFuZJgdUMh0 – is also located in a good jurisdiction, Quebec. With its partner Agnico Eagle, the Douay and Joutel gold projects are being advanced there.

Current corporate information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -) and Maple Gold Mines (- https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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