TORONTO, Nov. 10, 2021 /CNW/ - Agnico Eagle Mines
Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") is
pleased to announce that Institutional Shareholder Services Inc.
("ISS"), a leading independent proxy advisory firm, has
recommended that Agnico Eagle shareholders vote "FOR"
regarding the matters to be voted on at the special meetings of
shareholders in connection with the previously announced merger of
equals (the "Merger") with Kirkland Lake Gold Ltd. (TSX:KL,
NYSE:KL, ASX:KLA) ("Kirkland Lake Gold").
Recommendation to Agnico Eagle Shareholders
In recommending that shareholders of Agnico Eagle vote
"FOR" the issuance of Agnico Eagle common shares to
shareholders of Kirkland Lake Gold pursuant to the Merger, ISS
stated, among other things:
- "There appears to be sound strategic rationale for a
combination between the companies, with the transaction anticipated
to confer operational synergies on an annual basis, as well as a
number of G&A synergies and strategic optimizations over five-
and ten-year time horizons. The addition of members of the
[Kirkland Lake Gold] board and management to the combined company
should expand the expertise necessary to drive improvements and
realize some of the expected synergies under the transaction.
Finally, as the majority of the production and reserves of the
combined company are located in Canada where both companies have a healthy
track record of operations, some of the risks inherent to the
achievement of synergies are partially mitigated."
Shareholder Questions and Assistance
If you have any questions regarding the special meeting of
Agnico Eagle shareholders, please contact Agnico Eagle's strategic
shareholder advisor and proxy solicitation agent, Laurel Hill
Advisory Group, by telephone at 1-877-452-7184 (toll-free in
North America) or at
1-416-304-0211 (for collect calls outside of North America), or by email at
assistance@laurelhill.com.
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.
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SOURCE Agnico Eagle Mines Limited
