TMAC Resources Inc. is pleased to announce that Shandong Gold Mining Co. Ltd. , through its wholly-owned, overseas subsidiary, Shandong Gold Mining Co., Limited, has agreed to purchase 12.0 million common shares of the Company at a price of C$1.75 per share, for a total investment of approximately US$15 million in a non-brokered private placement [...]
TMAC Resources Inc. provides an update on timing of the release and filing of its fourth quarter and full year financial results for the three and twelve months ended December 31, 2019. Further to its press release on March 30, 2020, the Company is continuing to rely on temporary blanket relief published by Canadian securities regulators and [...]
TMAC Resources Inc. has implemented a number of initiatives to manage the COVID-19 pandemic and to protect its employees and contractors, their families and local communities from the virus. At the present time there are no confirmed cases of COVID-19 at the Hope Bay site or any of the Company?s offices. The Company is also providing an update on [...]
TMAC Resources Inc. announces a summary of key results from the Preliminary Feasibility Study for its 100%-owned Hope Bay Property located in the Kitikmeot region of Nunavut, Canada, as outlined in the technical report entitled NI 43-101 Technical Report on the Hope Bay Property, Nunavut, Canada . This press release features multimedia. View the [...]
TMAC Resources Inc. announces an amendment to its credit agreement and provides an operational update for the first two months of 2020. All dollar values in this news release are in Canadian dollars, unless otherwise stated. The Company announced that it was entering into a strategic review process on January 20, 2020, which is expected to be [...]
TMAC Resources Inc. is pleased to provide an update on the fourth quarter 2019 exploration programs at Hope Bay, including high-grade drilling results at Boston and Madrid North Patch 7. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200205005863/en/ Figure 1: Generalized Boston B2 Zone [...]
TMAC Resources Inc. announces it has initiated a strategic process to explore, review and evaluate a broad range of potential alternatives focused on maximizing shareholder value, including a potential sale or merger of the Company, joint venture of the Hope Bay mine, introduction of a new significant strategic shareholder or various long-term [...]
TMAC Resources Inc. reports fourth quarter 2019 results for production and certain operating metrics. FOURTH QUARTER 2019 PRODUCTION SUMMARY Production: 24,650 ounces of gold produced Sales: 24,650 ounces of gold sold Mining: 1,560 tonnes per day , with a grade of 7.0 g/t Au Processing: 1,440 tpd, with a feed grade of 7.1 g/t Au, and 82% recovery [...]
TMAC Resources Inc. today announced changes to the Board of Directors. Terry MacGibbon will retire as Executive Chairman and step down from the Board effective immediately. Concurrently, Andrew Adams will assume the role of Independent Chairman of the Board. Dr. Ross Bhappu, a Senior Partner of Resource Capital Funds , will join the Board effective [...]
TMAC Resources Inc. reports its third quarter 2019 financial results. All amounts are in Canadian dollars unless otherwise indicated. Jason Neal, President and Chief Executive Officer of TMAC, stated, “TMAC reported a third quarter net profit of $0.07 per share on revenue of $72.8 million with an average realized gold price of US$1,469 per [...]
TMAC Resources Inc. is pleased to announce that construction has started on the Madrid North underground portal. The portal and underground development is targeting the Naartok West zone, enabling access to first production stopes in late 2020. Jason Neal, President and Chief Executive Officer of TMAC, stated, “We are pleased to announce [...]
TMAC Resources Inc. is pleased to report third quarter 2019 results for production and certain operating metrics for the underground mine and processing plant. TMAC will release its financial results on October 31, 2019 as described below. THIRD QUARTER 2019 PRODUCTION SUMMARY Production: 36,290 ounces of gold produced Sales: 37,580 ounces of gold [...]
