Photo: Newmont sets the record straight

Newmont Mining Corp. sponsored the Feb. 14 banquet at the Kitikmeot Trade Show in Cambridge Bay, but it’s likely the last time the gold mining giant will make such a gesture. Here Chris Hanks, vice-president of environment at Hope Bay Mining Ltd., talks about why his company decided to put the gold-rich Hope Bay mine project into “long term care and maintenance” last month. Among the top reasons: a lack of certainty over land access that would allow Newmont to recover its “significant investment” to date of about $2.1 billion. Read more about what sealed Newmont’s decision to back away from Hope Bay Feb. 16 on nunatsiaqonline.ca.