Agnico Eagle Announces Favourable Glass Lewis Recommendation FOR Merger
AGNICO EAGLE ANNOUNCES FAVOURABLE
GLASS LEWIS RECOMMENDATION FOR MERGER
• Agnico Shareholders are encouraged to vote well in advance of the proxy voting deadline
at 10:00 a.m. (Toronto time) on November 24, 2021.
Toronto (November 15, 2021) – Agnico Eagle Mines Limited (TSX:AEM, NYSE: AEM)
(“Agnico Eagle”) is pleased to announce that Glass, Lewis & Co. (“Glass Lewis”), a leading
independent proxy advisory firm has recommended that Agnico Eagle shareholders vote “FOR”
the matters to be voted on at the special meetings of shareholders in connection with the
previously announced merger of equals (the “Merger”) with Kirkland Lake Gold Ltd. (TSX:KL,
NYSE:KL, ASX:KLA) (“Kirkland Lake Gold”). With this positive recommendation, Agnico Eagle
and Kirkland Lake Gold have now received positive voting recommendations with respect to the
Merger from Glass Lewis and Institutional Shareholder Services Inc., the two leading independent
proxy advisory firms that provide voting recommendations to institutional investors.
Recommendation to Agnico Eagle Shareholders
In recommending that shareholders of Agnico Eagle vote “FOR” the issuance of Agnico Eagle
common shares to shareholders of Kirkland L ake Gold pursuant to the Merger, Glass Lewis
stated, among other things:
• “At a high level, as discussed at length in the joint circular, the arrangement will combine
two large, efficient gold operators primarily exposed to a selection of low -risk mining
jurisdictions, with the arrangement ultimately expected to create the largest gold producer
in Canada. The boards expect the tie-up to unlock substantial synergy opportunities, both
in terms of geographic compatibility and with respect to standard scale and procurement
architecture. … This enhanced operational efficiency is expected to be utilized to advance
a combined pipeline of development opportunities within the existing properties of [Agnico
Eagle] and [Kirkland Lake Gold], prospectively unlocking additional value over the long
term. In short, we believe this framework is very compelling and fairly straightforward.”
• “Taken collectively, then, we believe there is adequate cause for investors to conclude the
proposed arrangement is a strategically compelling merger of equals resulting from a
lengthy and considered review yielding scrip -for-scrip terms reasonably reflective of the
relative performance, resources and market value of the two firms involved. Accordingly,
we recommend shareholders vote FOR.”
Shareholder Questions and Assistance
If you have any questions regarding the special meeting of Agnico Eagle shareholders, please
contact Agnico Eagle’s strategic shareholder advisor and proxy solicitation agent, Laurel Hill
Advisory Group, by telephone at 1 -877-452-7184 (toll-free in North America) or at 1 -416-304-
0211 (for collect calls outside of North America), or by email at [email protected].
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For further information regarding Agnico Eagle, contact Investor Relations at info@Agnico
Eagle.com or call (416) 947-1212.
About Agnico Eagle Mines Limited
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from
operations in Canada, Finland and Mexi co. It has a pipeline of high -quality exploration and
development projects in these countries as well as in the United States and Colombia. Agnico
Eagle is a partner of choice within the mining industry, recognized globally for its leading
environmental, social and governance practices. The Company was founded in 1957 and has
consistently created value for its shareholders, declaring a cash dividend every year since 1983.