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

Poor recoveries slow Hope Bay Mine start

 

Last updated 1/14/2018 at 2:24pm

TMAC Resources Inc.

TMAC Resources began commissioning at its Hope Bay gold mine early in January and poured its first gold in February.

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 entire site-based team's focus - assisted by our metallurgical consultants and Gekko, the manufacturer of the processing plant, and other vendor and consultant teams - is to improve plant availabilities...



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