Kirkland Lake expands with $4.9B scrip deal

MARKET darling Kirkland Lake Gold has made a C$4.9 billion (US$3.7 billion) all-scrip bid for fellow Canadian miner Detour Gold.

Kirkland Lake expands with $4.9B scrip deal Kirkland Lake expands with $4.9B scrip deal Kirkland Lake expands with $4.9B scrip deal Kirkland Lake expands with $4.9B scrip deal Kirkland Lake expands with $4.9B scrip deal

Kirkland Lake Gold has made a US$3.7 billion all-scrip bid for fellow Canadian miner Detour Gold

Kirkland Lake, whose shares have increased nearly 22,000% in value over the past five years on the back of growing profits and higher metal prices, expects the acquisition of a third "cornerstone"