TMAC Resources operates Hope Bay located in Nunavut, Canada. The property and operations are remote but not isolated, serviced by a port with access 10 weeks per year and year-round airstrip which has multiple flights every week for crew and cargo. Hope Bay is a 80-km by 20-km archean greenstone belt that has been explored by BHP, Miramar, Newmont and now TMAC over more than 30 years and with over $1.0 billion of sunk expenditures in exploration, evaluation, surface infrastructure and mine and process plant development. TMAC began producing gold in early 2017 from the first mine at Doris and processed at the 2,000 tonnes per day plant also at Doris. Hope Bay has 4.8Moz of measured & indicated resources at Doris, Madrid and Boston deposits, largely within 350 metres of surface, with the potential to grow these established deposits considerably at depth, and then grow resources further on the belt through the prioritized exploration of the other more than 90 identified regional targets. TMAC is permitted to produce from Madrid and Boston, with plans to begin production at Madrid in 2019 and Boston to be determined. TMAC’s shares trade on the Toronto Stock Exchange under the trading symbol TMR.
Growing production and cash margins
Re-establishing resource growth momentum on prospective Hope Bay belt
Great social license in low geopolitical risk jurisdiction
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.
Readers are cautioned that we will be making forward-looking comments. To fully understand the risks inherent in our comments, forecasts and estimates you are encouraged to read our Management Discussion and Analysis for the year ended December 31, 2018 together with our Financial Statements for the same period.