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China's SD Gold cuts deal to buy Hope Bay

To acquire full ownership of TMAC resources for $149 million North of 60 Mining News – May 8, 2020

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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