Nunavut’s Hope Bay goldfields to be bought by China’s SD Gold

TMAC Resources Inc., which owns the Hope Bay gold mine complex in western Nunavut, is poised to be bought up by a Chinese gold-mining giant. The Shandong Gold Mining Co. Ltd., better known as SD Gold, is willing to pay $207.4 million for the western Nunavut mine. That’s $1.75 per share in cash, a price … Continue reading Nunavut’s Hope Bay goldfields to be bought by China’s SD Gold