Chronicle Journal: Finance

UPDATE 2-Canadian Kirkland to buy Detour Gold for $3.7 bln to boost reserves

Canadian miner Kirkland Lake Gold Ltd fell as much as 16% in Toronto on Monday after the company said it would buy smaller rival Detour Gold Corp for about C$4.89 billion ($3.68 billion) in an all-stock deal, as it looks to scale up its mining operations and boost reserves.
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