Canadian Mining Journal


TMAC Resources Inc


  • GOLD: TMAC raises US$40M with royalty deal

    August 14, 2019 by Canadian Mining Journal

    TORONTO — In return for a cash payment of US$40 million, gold miner TMAC Resources has sold a 1.5% NSR royalty to Maverix Metals. Maverix already holds a 1% NSR royalty on TMAC’s Hope Bay gold mine in Nunavut. TMAC’s

  • ACQUISITION: Australia’s St Barbara to acquire Atlantic Gold

    May 16, 2019 by Trish Saywell, The Northern Miner

    Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a 41.1% premium to Atlantic’s closing share price on May 14 and a 40.8% premium

  • News

    MINING PEOPLE: Lithion Energy, Superior Gold, and TMAC Resources

    May 9, 2019 by Canadian Mining Journal

    Lithion Energy Corp. of Vancouver has name Warren Gilman as chairman and Alex Granger as CEO. Gilman is a mining engineer and a founder of CIBC’s Global Mining Team in 1988. Granger is also managing director of Xela Group, a

  • News

    GOLD: TMAC enjoys first positive earnings in Q1

    May 2, 2019 by Canadian Mining Journal

    TORONTO – TMAC Resources has recorded its first positive earnings for Q1 2019.  The quarterly revenue was C$67.9 million (compared to C$33.0 million in the same quarter a year earlier). That translated into a comprehensive profit of C$7.2 million for

  • News

    GOLD: TMAC completes permitting for Madrid and Boston projects

    January 15, 2019 by Canadian Mining Journal

    NUNAVUT – With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north and south) and Boston gold deposits. The Minister of Intergovernmental and Northern Affairs approved the licences, as recommended

  • News

    GOLD: TMAC cuts more high and wide grades at Hope Bay

    November 12, 2018 by Canadian Mining Journal

    NUNAVUT – Toronto-based TMAC Resources continues to drill high grades and good widths at its Hope Bay gold project. This year’s campaign focused on the Doris mine and the Madrid North deposit. Drilling at Doris continues to upgrade confidence in

  • GOLD: TMAC makes permitting gains for Madrid-Boston development

    October 15, 2018 by Canadian Mining Journal

    NUNAVUT – Toronto-based TMAC Resources is marking another landmark at its Hope Bay gold project 65 km east of Bathurst Inlet. Federal authorities have accepted the positive recommendation of the Nunavut Impact Review Board (NIRB) allowing the Madrid-Boston gold project

  • News

    GOLD: Hope Bay gives TMAC better quarter

    August 14, 2018 by Canadian Mining Journal

    NUNAVUT: Toronto-based TMAC Resources experienced less red ink in the second quarter of this year than it did in the first. The comprehensive loss for Q2 was $10.3 million, compared to $15.0 million in Q1. Better yet, the Hope Bay

  • News

    GOLD: Nunavut board okays TMAC’s Madrid-Boston project

    June 27, 2018 by Canadian Mining Journal

    NUNAVUT – The Nunavut Impact review Board has recommended that the Madrid-Boston gold project go forward at the Hope Bay mine and mill 65 km east of Bathurst Inlet. The project – owned by TMAC Resources of Toronto – encompasses

  • News

    GOLD: Royal Canadian Mint issues first coin made with Nunavut gold

    June 26, 2018 by Canadian Mining Journal

    OTTAWA – The Royal Canadian Mint has issued the first collectible coin crafted entirely of gold from Nunavut. The 0.1-oz. coin was designed by Inuk artist Andrew Qappik and highlights images of the north – the walrus, ptarmigan, polar bear,

  • News

    GOLD: TMAC cuts 260+g/t including 2,710 g/t at Doris North

    June 18, 2018 by Canadian Mining Journal

    NUNAVUT – Toronto-based TMAC Resources is reporting bonanza grades from this  year’s drilling at the Hope Bay gold project 65 km east of Bathurst Inlet. Work was conducted at both the Doris North and Madrid North deposits. Here are the

  • News

    GOLD: TMAC takes steps to improve milling at Hope Bay

    May 14, 2018 by Canadian Mining Journal

    NUNAVUT – The first quarter report did not reflect the full scope of the work being done, but TMAC Resources of Toronto continues to improve mineral processing results at its Hope Bay gold mine 65 km east of Bathurst Inlet.