Agnico Eagle Mines Ltd and Kirkland Lake Gold Ltd Announce Merger of Equals- M&A Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Joshua Mark Wolfson - RBC Capital Markets, Research Division - Analyst : So I guess I have 2 questions. So Tony, first. For Kirkland shareholders, I would question why do this transaction now the company is really starting to hit its stride at Detour and arguably the opportunity set hasn't been fully outlined. Plus, there's upcoming opportunities at Macassa and Fosterville and arguably a merger of this size really dilutes this growth opportunity for your shareholders? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 28, 2021 / 12:00PM, KL.TO^B22 - Agnico Eagle Mines Ltd and Kirkland Lake Gold Ltd Announce Merger of Equals- M&A Call And then Sean, historically, the company has really shied away from large-scale M&A and has talked about a lot of the challenges becoming a much larger gold company. How does this offset that risk?

Question: Joshua Mark Wolfson - RBC Capital Markets, Research Division - Analyst : And I'm conscious of the time here. Maybe if I can just ask 1 more follow-up question, Sean. When you think about the new jurisdiction of Australia for Agnico, which has not been historically identified as a region of interest, how do you see managing a jurisdiction that's that far away? And with the presence there, would you consider building out more opportunities there?