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Kirkland Lake

Agnico Eagle wants to buy its gold exploration neighbour in western Quebec – by Staff (Northern Ontario Business – December 13, 2024)

https://www.northernontariobusiness.com/

Agnico eyes O3 Mining’s Marbon deposit with $204-million cash offer

Agnico Eagle is looking to expand its mining footprint in the Abitibi region. The Kirkland Lake and Detour Lake gold miner is making a takeover bid for O3 mining, a neighbouring gold company on the Quebec side of the prolific Abitibi mineral belt.

Agnico announced Dec. 12 that it has entered into a definitive support agreement to acquire all of the outstanding common shares of O3 in an offer valued at $204 million. The proposed deal is built around the acquisition of O3 Mining’s main asset, its Marban Alliance property, located outside Val d’Or, that is next to Agnico Eagle’s Canadian Malartic mine complex.

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Fulcrum Metals wants to turn Kirkland Lake tailings into treasure – by Ian Ross (Northern Ontario Business – September 10, 2024)

https://www.northernontariobusiness.com/

The UK-based exploration company sees multi-billion-dollar opportunity to extract gold, clean up mining legacy sites

Gold-enriched tailings piles left behind by two historic mining operations outside Kirkland Lake has attracted a United Kingdom-based company promoting the idea of sustainable mining.

Fulcrum Metals wants to dive into the tailings piles of the historic Teck-Hughes and Sylvanite mines to extract gold contained in the granular waste piles on the surface and eventually remediate the sites.

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Agnico Eagle eyes 2030 mine startup for Larder Lake-area deposit – by Ian Ross (Northern Ontario Business – August 7, 2024)

https://www.northernontariobusiness.com/

Gold company spending US$300 million on exploration ramps at Upper Beaver, Detour Lake

Agnico Eagle is spending a combined US$300 million on two exciting gold projects in northeastern Ontario to lengthen its life in the Abitibi gold belt.

Heading into the next decade, the Toronto gold company has plans to build two underground mines by expanding its Detour Lake mine, northeast of Cochrane, and develop its Upper Beaver Project, north of Larder Lake. To Agnico, both Detour and Upper Beaver are considered low-cost, long-life projects with solid returns and blue sky potential.

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Mining and murder: One of the world’s best unsolved crime stories – by Karen Bachmann (Bradford Today – June 8, 2024)

https://www.bradfordtoday.ca/

Sir Harry Oakes was murdered in 1943 and his story is still talked about today

Much has been said recently about the Sir Harry Oakes Chateau in Kirkland Lake. Owned by the Ontario Heritage Trust and operated by the Town of Kirkland Lake, the chateau is a monument commemorating the early days of the Northern Ontario gold rushes, the prospectors who made the discoveries and the men who developed the mines and the communities in the region.

Since 1983, the Museum of Northern History, which originally lived in the assay office of the Wright-Hargreaves Mine, has been housed in Sir Harry’s former abode. The chateau was built in 1929 after Sir Harry’s original Kirkland Lake house was destroyed by fire.

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‘You’re always a drill hole away from an immense discovery’: Pirie – by Nicole Stoffman (Timmins Daily Press – June 10, 2024)

https://www.timminspress.com/

Ontario Minister of Mines excited by new prospects in the region

Timmins MPP George Pirie, Ontario’s minister of mines was engrossed in conversations with three promising junior mining operations in the Prospector’s Tent at the 2024 Canadian Mining Expo on Thursday, June 6. “That’s what excites me about the mining industry,” Pirie told the Daily Press before heading off to give the Ontario State of Mining Address. “You’re always a drill hole away from an immense discovery.”

According to the Ministry of Mines, the Timmins-Porcupine gold camp is the largest producer of gold in Ontario. Last year Ontario allocated $6 million to support junior minors (who explore mining deposits), bringing the province’s total investment in their junior mining program to $35 million since 2021.

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Northern gold miner celebrates $320M mining shaft that will boost production, cut costs – by Darren MacDonald (CTV Northern Ontario – September 13, 2023)

https://northernontario.ctvnews.ca/

Kirkland Lake-based Agnico Eagle Mines celebrated the opening of its No. 4 Shaft at its Macassa Mine on Wednesday, which is expected to boost production and cut costs. To celebrate that milestone — and the mine’s 90th anniversary – the company announced it’s donating $3 million to the Canadian Cancer Society.

The donation will support “people living in rural and remote communities in northern Ontario by providing access to cancer prevention programs and support services to help them navigate through a cancer experience following a diagnosis,” Agnico said in a news release.

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Agnico Eagle raising the gold production bar in the Abitibi – by Ian Ross (Northern Ontario Business – February 21, 2023)

https://www.northernontariobusiness.com/

Mine expansion at Detour Lake and Kirkland Lake figure prominently in gold production plans

There are more ounces to be pulled from the Abitibi gold belt, says Agnico Eagle. The Toronto gold company maintains it can produce more than two million ounces out of this region of northeastern Ontario and western Quebec by 2025, an area where Agnico got its start in the late 1950s. Agnico has five mines within this 32,000-square-kilometre area.

In a Feb. 17 conference call with analysts, Agnico management said it believes 2023 is an exciting year to advance a pipeline of projects and start to expand production at its existing operations while keeping production and total costs down to a low of $800 an ounce.

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Northern Ontario’s mining memorials tell a tale of hard-fought labour protections – by Bill Steer (Bay Today – January 19, 2022)

 

https://www.baytoday.ca/

Back Roads Bill Steer is the founder and remains the GM of the Canadian Ecology Centre. He teaches part-time at Nipissing University (Schulich School of Education) and Canadore College. His features can be found across Village Media’s Northern Ontario sites.

With the help of the region’s scholars, Back Roads Bill recounts the struggles and horrific working conditions endured by early miners and the reason we should all remember them

It is part of a history lesson we know little about, so perhaps we need a little schooling. Envision hard rock miners, once toiling far underground in dark, cramped and dangerous conditions; it was arduous and risky work.

They emerged tired and dirty at the end of their shifts, walking back to small wood-sided homes and their immigrant families. Mining, along with forestry, created what was then called ‘New Ontario,’ — what we know as Northern Ontario.

Indigenous mining in the north began after the last period of glaciations, people of the Plano culture moved into the area and began quarrying quartzite at Sheguiandah on Manitoulin Island. Mining is an important economic activity in Northern Ontario. It has been since the first copper mines at Bruce Mines in 1846 and Silver Islet in 1868.

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Agnico Eagle and Kirkland Lake Gold seal the deal – by Staff (Northern Ontario Business – February 9, 2022)

https://www.northernontariobusiness.com/

Mining companies consummate $13.4B transaction announced last September

The “merger of equals” between Agnico Eagle and Kirkland Lake Gold is done. The two mining companies made that official in a Feb. 8 news release. The new and combined company will be called Agnico Eagle Mines Limited.

The two companies, which announced the $13.4-billion transaction back on Sept. 28, cleared the final regulatory hurdle for the combination to take place when Australia’s Foreign Investment Review Board approved the deal. Shareholders for both companies approved the transaction in November.

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Detour Lake mine now fully connected to 5G wireless (Northern Ontario Business – January 31, 2022)

https://www.northernontariobusiness.com/

New cell towers will boost coverage for users along corridor between the mine site and Cochrane

A Cochrane-area mine is the first in Canada to be fully connected to 5G, according to an announcement this week.

Kirkland Lake Gold and Rogers Business announced the launch of the 5G wireless private network on Jan. 26. The public cell coverage will also be boosted with eight new wireless cell towers that are being built to cover a stretch of more than 180 kilometres on Highway 652 between the mine site and Cochrane.

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CMJ Reimagine Mining event hears from Kirkland Lake CEO Tony Makuch on Agnico merger, electrification – by Staff (Canadian Mining Journal – October 13, 2021)

https://canadianminingjournal.com/

Canadian Mining Journal held its first Reimagine Mining Suppliers Symposium on Wednesday in partnership with Costmine, welcoming president and CEO of Kirkland Lake Gold (TSX: KL; NYSE: KL), Tony Makuch, as its keynote speaker.

Kirkland Lake is in the midst of one of the Canadian gold sector’s most important mergers in recent memory with Agnico Eagle Mines (TSX: AEM; NYSE: AEM), with Makuch soon to be CEO of the new Agnico Eagle.

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Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada – by Trish Saywell (Northern Miner – October 4, 2021)

https://www.northernminer.com/

The mega-merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) unveiled to the market on September 28 “makes a lot of strategic sense” but is likely to be the last blockbuster M&A deal by a major in the Canadian mining sector, according to Haywood Securities mining analyst Kerry Smith.

“Most of the big deals are done,” Smith says in an interview. “There are going to be acquisitions of assets by some of the mid-tiers—that’s what’s going to come next. I think we’ll see mid-tier mining companies buying single-asset development stage companies; companies like Rupert Resources, Moneta, and Belo Sun Mining and others — companies that are in super-easy jurisdictions to work in.”

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Agnico Eagle deal to buy Kirkland Lake Gold criticized – by Niall McGee and Andrew Willis (Globe and Mail – September 29, 2021)

https://www.theglobeandmail.com/

Agnico Eagle Mines Ltd. plans to acquire Kirkland Lake Gold Ltd. in an all-stock transaction that the companies say will create a “true Canadian mining champion,” but the deal garnered a lukewarm reception on Bay Street, with some investors questioning the strategic rationale.

Toronto-based Agnico said on Tuesday it intends to pay 0.7935 of its shares for each Kirkland share, or about 1 per cent higher than Kirkland’s average close over the 10-day period as of last Friday, essentially making it a nil-premium deal valued at more than $13-billion.

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Ottawa wants public feedback on Larder Lake gold mine project: Agnico Eagle sees gold and copper potential at former mine sites – by Staff (Northern Ontario Business – September 14, 2021)

https://www.northernontariobusiness.com/

Agnico Eagle wants to build a gold and copper mine north of Larder Lake, near the Quebec border, and the Impact Assessment Agency of Canada is inviting public feedback.

The agency said it has accepted the initial project description for the Upper Beaver Gold Project and wants the public and Indigenous groups to review the project description and provide comment. The agency will compile a summary of issues to present to the mining company.

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NEWS RELEASE: Kirkland Lake Gold Announces 10.1 Million Ounce Increase in Measured and Indicated Mineral Resources at Detour Lake Mine (September 2, 2021)

Measured and Indicated(1)(2) (“M&I”) Mineral Resources increase 10,061,000 ounces or 216% from December 31, 2020 estimates to 14,718,000 ounces at June 30, 2021 (572.0 million tonnes (“MT”) at average grade of 0.80 grams per tonne (“g/t”))

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the release of new Mineral Resource estimates for the Detour Lake Mine (“Detour Lake”) as at June 30, 2021 (“Mid-Year 2021”).

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