TMAC Resources Inc. announces that, effective today, Alan Pangbourne is joining the Board of Directors of the Company. Andrew Adams, Chair of the Board of TMAC, stated, “We are pleased to welcome Alan Pangbourne. Despite the pending sale of TMAC to Shandong Gold it is important to ensure our Board has the requisite technical skills and experience [...]
TMAC Resources Inc. reports its financial results for the second quarter of 2020. All amounts are in Canadian dollars, unless otherwise indicated. Q2 2020 Highlights: Implemented plan to operate at reduced levels while also managing the risks related to the COVID-19 pandemic. Reduced cost structure in line with the reduced operating levels [...]
TMAC Resources Inc. provided a regulatory update on its previously announced plan of arrangement with Shandong Gold Mining Co., Ltd. and its indirect wholly-owned subsidiary, Streamers Gold Mining Corporation Limited . As previously disclosed, the Transaction provides for the acquisition by the Purchaser of all of the issued and outstanding common [...]
TMAC Resources Inc. reports second quarter 2020 results for production and certain operating metrics. SECOND QUARTER 2020 PRODUCTION SUMMARY Production: 28,970 ounces of gold produced, and 32,830 ounces of gold poured Sales: 27,870 ounces of gold sold Mining: 630 tonnes per day , with a grade of 11.6 grams per tonne Au Processing: 1,330 tpd, with a [...]
TMAC Resources Inc. announces that it has received a final order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement with Shandong Gold Mining Co., Ltd. and an affiliate . As previously disclosed, the Transaction provides for the acquisition by the Purchaser of all of the issued and outstanding common [...]
TMAC Resources Inc. announces that, at a special meeting of shareholders held today, its shareholders approved a special resolution with respect to the previously announced plan of arrangement with Shandong Gold Mining Co. Ltd. and an affiliate . The Transaction provides for the acquisition by an affiliate of the Purchaser of all of the issued and [...]
TMAC Resources Inc. reports its financial results for the first quarter of 2020. All amounts are in Canadian dollars unless otherwise indicated. Jason Neal, President and Chief Executive Officer of TMAC, stated, “In the first quarter, TMAC generated gross revenues of $59.4 million from sales of 27,710 ounces of gold. We produced 32,290 ounces of [...]
TMAC Resources Inc. is pleased to announce that it has filed the management information circular and related voting materials for the special meeting of TMAC shareholders to be held on June 26, 2020 . The purpose of the Meeting is to consider and, if deemed advisable, to pass a special resolution approving the previously announced proposed [...]
TMAC Resources Inc. is pleased to announce that the previously announced non-brokered private placement with Shandong Gold Mining Co. Ltd. , through its wholly-owned, overseas subsidiary, Shandong Gold Mining Co., Limited , has closed. The Company issued 12,012,857 common shares to the Purchaser at a price of C$1.75 per share, for a total [...]
TMAC Resources Inc. reports first quarter 2020 results for production and certain operating metrics. FIRST QUARTER 2020 PRODUCTION SUMMARY Production: 32,290 ounces of gold produced Sales: 27,710 ounces of gold sold Mining: 1,760 tonnes per day , with a grade of 10.2 grams per tonne Au Processing: 1,110 tpd, with a feed grade of 11.9 g/t Au, and [...]
TMAC Resources Inc. reports its financial results for the fourth quarter and full year 2019. All amounts are in Canadian dollars unless otherwise indicated. Jason Neal, President and Chief Executive Officer of TMAC, stated, “During the fourth quarter TMAC generated revenues of $48.0 million from sales of 24,650 ounces of gold at a cash cost of [...]
TMAC Resources Inc. is pleased to announce that it has entered into a definitive agreement with Shandong Gold Mining Co. Ltd. , through its wholly-owned, overseas subsidiary Shandong Gold Mining Co., Limited, pursuant to which SD GOLD has agreed to acquire all of the outstanding shares of TMAC at a price of C$1.75 per share in cash. The total [...]
