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Company News

Kirkland Lake Gold to buy Detour Gold for C$4.89 bln

Nov 25 (Reuters) - Canadian gold miner Kirkland Lake Gold said on Monday it would buy smaller rival Detour Gold for about C$4.89 billion ($3.68 billion).

Detour Gold shareholders will get 0.4343 Kirkland Lake Gold shares for each share owned. ($1 = 1.3301 Canadian dollars) (Reporting by Shradha Singh in Bengaluru; Editing by Shinjini Ganguli)

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