Newmont-Miramar deal offers Nunavut prize
Gold-hungry major bids $1.52 billion for Canadian junior; analysts say price may be too low to control Hope Bay gold Project
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Last updated 10/28/2007 at Noon
If Newmont Mining Corp., the world's second largest gold producer, succeeds in its $1.52 billion takeover of Vancouver, B.C.-based Miramar Mining Corp., the major will gain control of one of the largest undeveloped gold projects in North America.
Miramar owns the Hope Bay Project in Nunavut Territory, which has a 10.7 million-ounce gold resource about 99 miles north of the Arctic Circle and abo...
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