The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
To acquire full ownership of TMAC resources for $149 million North of 60 Mining News – May 8, 2020
Over the past three decades more than $1 billion has been invested in exploration and evaluation, surface infrastructure, and development at the Hope Bay gold project in Nunavut.
The Hope Bay gold mine will come under Chinese ownership with the finalization of a deal that would see Shandong Gold Mining Co. Ltd. buy full ownership of TMAC Resources Inc., the current owner and operator of the gold operation in the Kitikmeot region of northwest Nunavut.
Under a definitive agreement announced on May 8, Shandong Gold Mining (HongKong) Co., an overseas subsidiary of the state-ow...
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