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

North of 60 Mining News - Mining Business directory

By Rose Ragsdale
For Mining News 

China, U.S. investors take the long view

Foreign firms with deep pockets nab northern mining assets North of 60 Mining News – May 29, 2020

 

Last updated 9/26/2020 at 2:38pm

TMAC Resource SD Gold Hope Bay Mine Nunavut Canada

TMAC Resources Inc.

TMAC Resources' Hope Bay gold mine in Nunavut. China-based SD Gold will be the new owners of this operation if its proposed acquisition of TMAC is approved.

Until novel coronavirus ignited a global pandemic that plunged the world economy into recession, foreign investors, except for a lucky few, have salivated from afar over the bountiful mineral riches that others are mining in the vast reaches of Canada's northern territories.

But with COVID-19 on the march and no cure or proven vaccine for the deadly malady in sight, traditional sources of capit...



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