Nunavut's Hope Bay gold project sold to Toronto firm

By Kerry Hall

Hope Bay, Nunavut map

Toronto-based TMAC Resources announced this week it finalized the purchase of the Hope Bay gold project in Nunavut with Newmont Mining Corp. (TSX: NMC; NYSE: NEM), reports the Nunatsiaq News.

The privately-held company also closed the deal on $50 million in financing to re-start operations at the …read more