North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Rose Ragsdale
For Mining News 

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

 

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 ab...



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