I am not surprised. Operating in Nunavut almost seems a guarantee for a takeover bid;
- Echo Bay Mines, acquired by Kinross in 2003
- WMC Resources, acquired by BHP in 2005
- Cumberland Resources, acquired by Agnico Eagle in 2007
- Miramar Mining, acquired by Newmont Mining in 2008
- Comaplex, 16% of shares alread bought by Agnico Eagle. Takeover seems a matter of time.
I keep looking for listed junior miners in that area, but haven't found any so far. All seem to be in the hands of the big ones already. Anyone...?