Shareholders From Agnico Eagle And Kirkland Lake Gold Approve Merger

(Agnico Eagle, 26.Nov.2021) — Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) announced that at a special meeting of shareholders held earlier today, Agnico Eagle shareholders voted overwhelmingly in favor of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. by way of a plan of arrangement under the Business Corporations Act (Ontario).

The resolution was approved by approximately 99.86% of the votes cast by Agnico Eagle shareholders at the Meeting, with a shareholder turnout of 69.62%. Detailed voting results for the resolution are as follows:

In addition to the approval by Agnico Eagle shareholders, Kirkland Lake Gold shareholders approved the Merger at the special meeting of Kirkland Lake Gold shareholders held earlier today.

“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. “Our near-term focus will be on completing the integration plan for the two companies while we await the final regulatory approvals. We look forward to providing additional information on the combined businesses once the transaction has been finalized, which is expected to occur in the first quarter of 2022,” added Mr. Boyd.

Completion of the Merger is subject to the granting of the final order by the Ontario Superior Court of Justice (Commercial List), approval of the Australian Foreign Investment Review Board (“FIRB Approval”) and the satisfaction or waiver of other customary closing conditions. It is currently expected that the effective date of the Merger will occur during the first quarter of 2022.

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