North of 60 Mining News - The mining newspaper for Alaska and Canada's North

TMAC Resources Inc. May 1 announced continued improvements at its Doris Mine, resulting in the first positive earnings for this gold operation on the company's Hope Bay property in Nunavut. The 40,05... — Updated 5/10/2019

TMAC Resources Inc. Feb. 21 announced that its Doris Mine on its Hope Bay property in Nunavut achieved record gold production of 34,080 ounces during the fourth quarter. Building on the improvements... — Updated 3/8/2019 Full story

Since reaching commercial production at the Doris Bay Mine in 2017, TMAC Resources Inc. has been working toward achieving the gold recoveries, ore throughput and gold output envisioned for this... — Updated 11/23/2018 Full story

Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth.... — Updated 3/1/2019 Full story

TMAC Resources Inc. June 14 reported that the addition of a Falcon gravity concentrator to the recovery circuit processing ore from the Doris Mine at the company's Hope Bay project has resulted in... — Updated 6/29/2018

TMAC Resources Inc. Jan. 15 reported the sale of 17,350 ounces of gold for US$1,275 per ounce, for US$22.1 million, from its Hope Bay Mine in Nunavut during the fourth quarter. For the full year,... — Updated 1/26/2018

Nunavut is a vast and minerals-rich swath of the Earth's crust and Nunavummiut, or the people who live there, see mining as the foundation of the territory's future. "The mining industry brings... — Updated 1/24/2018 Full story

TMAC Resources Inc. July 14 reported that ramp up to full operation at its Hope Bay gold mine in Nunavut is slower than expected, resulting in less cash-flow than the company had budgeted. "Our... — Updated 1/14/2018

TMAC Resources Inc. Feb. 10 said it has completed the first gold pour at its Hope Bay project, marking an important milestone for the company's new mine in Nunavut. Commercial production for the... — Updated 2/19/2017

TMAC Resources Inc. Nov. 3 said its Hope Bay gold mine in Nunavut remains on schedule to begin production early in 2017. "We remain on track and essentially on budget with our progress to advance... — Updated 11/13/2016 Full story

Endowed with some of the largest undeveloped mineral belts in the world, investment in public geoscience has shown the potential of Nunavut. The 2 million square kilometers (772,000 square miles) of... — Updated 2/3/2018 Full story

Nunavut seems to be ahead of the curve when it comes to recovering from the global downturn in mineral exploration spending. An estimated C$202.5 million was invested in unlocking this Canadian... — Updated 2/3/2018 Full story

TMAC Resources Inc. is closing in on the final destination on the “path to production” at its Hope Bay gold project in northwestern Nunavut. "We remain on track and on budget with our progress... — Updated 2/3/2018

TMAC Resources Inc. Sept. 14 said drilling below the diabase dyke at the Doris gold mine located on the company's Hope Bay property in Nunavut continues to intercept very high-grade gold over minable... — Updated 9/25/2016

TMAC Resources Inc. Aug. 29 reported the safe delivery of the processing plant to its Hope Bay gold mine project in Nunavut. "We remain on track to advance the Hope Bay Project towards commercial... — Updated 9/4/2016

TMAC Resources Inc. and Resource Capital Fund VI L.P. July 19 reported the closing of an C$80 million financing that involved issuing 3,975,000 TMAC shares and 1,325,000 Resource Capital shares at... — Updated 7/24/2016 Full story

TMAC Resources Inc. June 15 reported that the Nunavut Impact Review Board has recommended to the Minister of Indigenous and Northern Affairs Canada to approve a permit amendment to expand Doris... — Updated 6/26/2016

TMAC Resources Inc. June 8 posted results from high-grade gold intersected below the dyke at the Doris deposit during the company's ongoing underground drill program at its Hope Bay property in... — Updated 6/12/2016 Full story

TMAC Resources Inc. Jan. 14 plans to invest C$325 million on a tactical plan budget that aims to have its Hope Bay gold project in Nunavut ready to ramp to an operation that averages 1,000 metric... — Updated 1/24/2016

TMAC Resources Inc. Nov. 5 provided an update on progress in developing a mine at the Hope Bay gold project in Nunavut. The building and offsite testing of the processing plant is 22 percent... — Updated 11/15/2015 Full story

Thanks largely to its burgeoning mining sector, Nunavut is leading the Canadian territories in economic growth. With the start-up of the Mary River iron mine late in 2014, Nunavut now has two... — Updated 11/1/2015