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TMAC forms C$325 million tactical plan aimed at increased gold for coming Hope Bay Mine

 

Last updated 1/24/2016 at Noon



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 tons per day in 2017.

This new plan, which involves a C$35 million increase over a previous "path to production" budget, includes the accumulation of an ore stockpile sufficient to support ramp up to...



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