A new big and bold Kirkland Lake Gold.

Shareholders of Kirkland Lake Gold and Newmarket Gold have voted in favour of the plan to merge the two miners into one mid-tier gold company.

In a Nov. 25 release, the arrangement was approved by 82.64 per cent of the votes cast by Kirkland Lake Gold shareholders.

The issuance of common shares of New-market as consideration under the arrangement was approved by 99.79 per cent of the votes cast by Newmarket shareholders.

The amendment to Newmarket's articles to change its name to Kirkland Lake Gold was approved by 99.60 per cent of the votes cast by Newmarket shareholders.

The merger deal closed on Nov. 30.

"On closing, KL Gold will be the next mid-tier gold company with annual production of over 500,000 ounces from world-class underground gold mines in Canada and Australia, and one of the lowest cost profiles in the industry," said Kirkland Lake Gold president-CEO Tony Makuch in a statement.

"In addition to solid production and low-cost operations, we have exciting exploration potential...