TSX:TMR - Post Discussion
Post by
AwareInvestor on Dec 30, 2020 1:20pm
TMAC Resources: Stock’s Positive Performance Post-Dissolutio
On December 21, Canada’s government rejected the sale of TMAC Resources, a gold mining company operating the Hope Bay gold mining project in Nunavut, to China’s Shandong Gold Mining Co., citing the need to “safeguard national security.” While not explicitly stated, poor relations between the two countries’ governments in the aftermath of Canada’s 2018 arrest of a Huawei Technologies executive likely played an important role in the Trudeau Administration’s decision.
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