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Kirkland Lake Gold to take over Newmarket Gold in $1 billion deal

from Globe and Mail

Two gold miners associated with financier Eric Sprott are raising eyebrows with their plans to join forces and create a mid-tier bullion producer that will span Canada and Australia. Kirkland Lake Gold, which owns mines in northeastern Ontario, said recently that it has struck an all-stock $1.01 billion deal to buy Newmarket Gold, which owns mines in Australia. The combined company will be known as Kirkland Lake Gold and will be headquartered in Toronto. more

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