TMAC Resources Inc. is pleased to provide an update on the ongoing exploration programs at Hope Bay, including continued high-grade drilling results in the Doris North BTD Extension. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015006152/en/ Figure 1: Doris longitudinal section [...]
TMAC Resources Inc. announces that Thomas Boehlert has joined the Board of Directors as the second appointee of Resource Capital Funds . Terry MacGibbon, Executive Chairman, stated, “I would like to welcome Thom to the Board of TMAC. Both the Board and management are looking forward to working with Thom. We appreciate RCF’s continued [...]
TMAC Resources Inc. announces today that it has closed its previously announced royalty amendment and private placement with Maverix Metals Inc. and received gross proceeds of US$43 million. The royalty amendment provides Maverix with an additional 1.5% NSR, and short term 0.25% NSR until the additional 1.5% royalty is registered against the [...]
TMAC Resources Inc. reports its second quarter 2019 financial results. All amounts are in Canadian dollars unless otherwise indicated. Jason Neal, President and Chief Executive Officer of TMAC, stated, “The royalty transaction announced this morning strengthens the balance sheet with gross proceeds of $57 million to enable ongoing investment [...]
TMAC Resources Inc. is pleased to announce that it has entered into an amending agreement to the existing 1% net smelter royalty with Maverix Metals Inc. . The Royalty Amendment provides Maverix with an additional 1.5% NSR for proceeds of US$40 million. The Royalty Amendment includes negotiated step down and buyback rights in favour of the Company [...]
TMAC Resources Inc. is pleased to provide an interim exploration update including surface exploration drilling results at Doris and initial drilling results from the Doris regional program, including high grade gold intercepts within 15 metres of surface. This press release features multimedia. View the full release here [...]
TMAC Resources Inc. announces a rescheduling of the release of its second quarter financial results to Wednesday, August 14, 2019. The Company is engaged in discussions with its two largest shareholders, Resource Capital Funds and Newmont Goldcorp Corp., as well as with Sprott Lending, with respect to its near-term financing requirements and [...]
TMAC Resources Inc. is pleased to report second quarter 2019 results for production and certain operating metrics for the underground mine and processing plant. TMAC will release its financial results on August 1, 2019 as described below. SECOND QUARTER 2019 PRODUCTION SUMMARY Production: 38,520 ounces of gold produced Sales: 37,730 ounces of gold [...]
TMAC Resources Inc. is pleased to provide second quarter exploration results, which include underground drilling targeted at growing the high-grade Doris North BTD Extension as well as surface results from the winter programs at Doris and Madrid North. Also included are limited initial results from the 2019 summer program. For the third quarter [...]
TMAC Resources Inc. is pleased to announce the results of the 2019 Annual General and Special Meeting of Shareholders held on June 19, 2019 in Toronto, Ontario. The Company is also announcing the retirement of John Lydall from the Board of Directors. Terry MacGibbon, Executive Chairperson, stated, “On behalf of the Board of Directors and [...]
TMAC Resources Inc. is pleased to announce the appointment of Jacques Perron to its Board of Directors effective May 9, 2019. Mr. Perron brings over 35 years of experience in mining including extensive senior executive and corporate Board member experience. His strong operating and technical experience will benefit TMAC, including as chair of the [...]
TMAC Resources Inc. is pleased to report first quarter 2019 financial results. All amounts are in Canadian dollars unless otherwise indicated. Jason Neal, President and Chief Executive Officer of TMAC, stated, “TMAC continues to grow our cashflow with record revenue of $67.9 million and record low AISC and Cash Costs of US$992 per ounce and [...]
