Kirkland Lake Gold to merge with Newmarket Gold

TORONTO — Kirkland Lake Gold Inc. and Vancouver-based Newmarket Gold Inc. announced a merger deal Thursday to create a new midtier producer. The proposed agreement would result in a company with a market capitalization of $2.4 billion that can produce about 500,000 ounces of gold annually. The combined company, which will be called Kirkland Lake Gold, will have seven mines and five mills in Canada and Australia.