TMAC Resources Inc. has signed an amendment to its amended and restated credit agreement entered into on July 26, 2017 with Sprott Private Resource Lending , LP and associated lenders . The outstanding principal is US$117 million after repaying an additional US$8.8 million during the first quarter of 2019. The amendment eliminates all principal [...]
TMAC Resources Inc. is pleased to report first quarter 2019 results for production and certain operating metrics for the underground mine and processing plant. TMAC will release its financial results on May 1, 2019 as described below. FIRST QUARTER 2019 PRODUCTION SUMMARY Production: 40,050 ounces of gold produced Sales: 39,200 ounces of gold sold [...]
TMAC Resources Inc. is pleased to provide initial results of the ongoing 2019 exploration program. Diamond drilling and initial sill access development at Doris has continued to demonstrate continuity of high grade gold mineralization with visible gold within the BTD Extension zone. The BTD Extension zone remains open to the north and drilling [...]
TMAC Resources Inc. is pleased to announce the appointment of Lisa Wilkinson as Director, Investor Relations and Strategic Development effective March 11, 2019. Ms. Wilkinson will report directly to Jason Neal, the Company’s President & Chief Executive Officer, and will be based in Toronto. Jason Neal stated, “Lisa will make a great [...]
TMAC Resources Inc. reports its operating and financial results for the fourth quarter and full year for 2018. The Company achieved record gold production of 34,080 ounces during the fourth quarter. Gold sales of 31,380 ounces at an AISC of US$1,112/oz during the fourth quarter produced record revenues of $51.4 million at cost of sales of $44.3 [...]
TMAC Resources Inc. , reports updated Mineral Reserves and Mineral Resources as of December 31, 2018. Mineral Reserves and Mineral Resources were last updated as at June 30, 2017. Mineral Reserves reported herein were estimated using a long-term gold price of US$1,250/oz and US$/C$ exchange rate of 0.80. Mineral Resources were estimated using a [...]
TMAC Resources Inc. is pleased to announce that senior management will host a year-end conference call and webcast on Friday, February 22, 2019 at 10 am . In order to participate in the conference call, please dial + 1-416-915-3239 for Toronto toll, 1-800-319-4610 for toll-free within Canada and the United States, or +1-604-638-5340 for [...]
TMAC Resources Inc. is pleased to provide the last installment of 2018 exploration drilling results from the Doris Below The Dyke at Hope Bay. The drilling at Doris has continued to upgrade confidence in and expand upon the high grade BTD Extension zone and supports our 2019 strategy for continued reserve and resource expansion. Today’s drill [...]
TMAC Resources Inc. has received approval of two Type A Water Licences for the Madrid and Boston Projects. On January 14, 2019 the Minister of Intergovernmental and Northern Affairs and Internal Trade approved the two licences as recommended by the Nunavut Water Board on December 7, 2018. This approval concludes the final step in the environmental [...]
TMAC Resources Inc. has received the Project Certificate from the Nunavut Impact Review Board for the Madrid and Boston Project. The Project Certificate marks the end of the environmental assessment process including terms and conditions for monitoring and reporting. In addition to the Project Certificate, the Nunavut Water Board concluded final [...]
TMAC Resources Inc. is pleased to provide an update on exploration activities and results from the 2018 drilling campaigns at both Doris Mine and the Madrid North Deposit, on its 100% owned Hope Bay Project. Drilling at Doris has continued to upgrade confidence in and expand on the high grade BTD Extension zone, which remains open to the north. The [...]
TMAC Resources Inc. reports its operating and financial results for the third quarter of 2018. Jason Neal, President and Chief Executive Officer of TMAC, stated, “TMAC is pleased to report record performance in the third quarter, including tonnes mined, tonnes processed, gold production and gold sales, but we are more excited about the [...]
