“I would like to thank our shareholders and the shareholders at Kirkland Lake Gold for supporting the merger of the two companies. We are very excited about the transaction as it positions Agnico Eagle as the leading low risk global gold company with growing production, low costs and strong ESG leadership,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
Of the total proceeds of $810,750 received, $645,750 will be used for drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico, and for working capital, and the $165,000 FT portion will be used to fund qualifying exploration programs on the Company’s copper-gold projects in British Columbia, Canada.
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