Canadian gold miner Kirkland Lake on Monday announced that it had entered into a strategic alliance agreement with the world’s top gold miner, Newmont, to explore and develop opportunities around its Holt Complex, in Ontario.
Operations at the Holt Complex were suspended in April as part of Covid-19 protocols and remained idled, while Kirkland continued with a strategic review of the assets.
Newmont would pay Kirkland $75-million to acquire an option on certain mining and mineral rights related to the Holt mine, which Barrick built in the late 1980s.