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

The two mega-mergers that hit the gold mining sector early in 2019 – Barrick Gold Corp. combining with Randgold Resources Ltd. and Newmont Mining Corp. acquiring Goldcorp Inc. – is... — Updated 7/6/2020 Full story

Twenty years ago, Canada created the territory of Nunavut, carving out the easternmost part of the Northwest Territories to form the country's northernmost jurisdiction. A vast land of... — Updated 7/6/2020 Full story

More than halfway through its third year as a gold producer at the Hope Bay Property in Nunavut, TMAC Resources Inc. is also emerging as a top mineral explorer in Canada's northernmost... — Updated 6/22/2020 Full story

Until novel coronavirus ignited a global pandemic that plunged the world economy into recession, foreign investors, except for a lucky few, have salivated from afar over the bountiful... — Updated 5/28/2020 Full story

The Hope Bay gold mine will come under Chinese ownership with the finalization of a deal that would see Shandong Gold Mining Co. Ltd. buy full ownership of TMAC Resources Inc., the... — Updated 5/8/2020 Full story

Thanks to the start-up of new mines, The Conference Board of Canada forecasts the economies of Canada's territories to grow significantly over the next two years. In Territorial Outlook... — Updated 7/19/2019 Full story

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 Nunavu... — 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... — Updated 3/8/2019 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 min... — Updated 3/1/2019 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... — Updated 11/23/2018 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... — Updated 6/29/2018

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... — Updated 2/3/2018

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... — Updated 2/3/2018 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... — Updated 2/3/2018 Full story

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... — 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... — 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... — 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... — 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... — Updated 11/13/2016 Full story

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... — 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... — 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... — Updated 7/24/2016 Full story