(42) stories found containing 'tmac resources'
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Few seek new mineral deposits
Already headed toward the lowest level of annual mineral exploration spending in nearly two decades, the mining industry in Nunavut got broadsided by the coronavirus pandemic in 2020.... — Updated 1/18/2021 Full story
Pandemic interrupts Agnico Nunavut plans
Agnico Eagle Mines Ltd. viewed the start of gold production from its Amaruq and Meliadine mines in Nunavut during 2019 as an inflection point that marked a new era for the company's... — Updated 1/18/2021 Full story
Agnico Eagle cuts deal to acquire TMAC
In what could be the best outcome of Ottawa blocking Shandong Gold Mining's bid to acquire TMAC Resources Inc., Agnico Eagle Mines Ltd. has agreed to buy out its fellow Nunavut gold... — Updated 1/14/2021
TMAC weighs Hope Bay gold mine options
In a move that prevents a Chinese state-owned company from grabbing a foothold along the Northwest Passage in Canada's Arctic, officials in Ottawa have blocked Shandong Gold Mining Co.... — Updated 1/7/2021
Ottawa reviews TMAC sale to China miner
TMAC Resources Inc. Oct. 15 announced that Ottawa has ordered a national security review of Shandong Gold Mining Co. Ltd.'s acquisition of TMAC and its Hope Bay gold mine in the... — Updated 10/15/2020
China, U.S. investors take the long view
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 9/26/2020
China's SD Gold cuts deal to buy Hope Bay
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 9/26/2020
Mines drive growth across Canada's North
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 9/25/2020
TMAC turns a profit at Hope Bay gold mine
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 9/25/2020
Hope Bay improvements continue into 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 9/25/2020
Upgrades boost Hope Bay gold recoveries
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 9/25/2020
Mill upgrades boost Hope Bay gold output
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 9/24/2020
Nunavut takes stock in 20th year
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 8/14/2020 Full story
Are mega-gold-mergers good for 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 8/14/2020 Full story
Explorer executes vision at Hope Bay
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 8/14/2020 Full story
Territory hits exploration slump
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
ME2018: TMAC Resources Inc.
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
Mining Explorers 2016: A land of opportunities
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 nears first gold
TMAC Resources Inc. Jan. 11 said it anticipates producing between 130,000 and 140,000 ounces of gold during the first year of production at its Hope Bay Mine in the Kitikmeot region of Nunavut. The company said commissioning of the... — Updated 1/24/2018
Mining Explorers 2017: Nunavut ready for new mining era
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's Hope Bay mine achieves key milestone
TMAC Resources Inc. May 23 announced that commercial production has been achieved at its Doris gold mine and mill at the company's Hope Bay property in Nunavut. The company said the processing plant at Hope Bay has been operating at... — Updated 1/15/2018
Poor recoveries slow Hope Bay Mine start
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 makes headway; hires experienced COO
TMAC Resources Inc. Aug. 14 said its first drill program at the Boston deposit, located in the southern portion of its Hope Bay project in Nunavut, has cut high-grade gold mineralization over wide widths. "Since acquiring the Hope Bay Pr... — Updated 1/14/2018
First Hope Bay gold
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
Hope Bay gold mine on track for early '17 start
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
