Mergers in large mining companies
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 Gold - https://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 Mines - https://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/).
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