TMAC Resources Inc. is pleased to report that it has completed its first
gold pour today at its Hope Bay property located in Nunavut, Canada and
remains on track to achieve commercial production this quarter. In
addition, the Company’s processing plant, located adjacent to the Doris
North Mine is in the final stages of commissioning and is transitioning
to steady state production as planned.
TMAC holds a 100% interest in the Hope Bay Project located in Nunavut,
Canada. TMAC is a fully financed, emerging gold producer, with the Doris
Mine expected to achieve commercial production in the first quarter of
2017. The Company has a board of directors with depth of experience and
market credibility and an exploration and development team with an
extensive track record of developing high grade, profitable underground
mines. TMAC’s shares trade on the Toronto Stock Exchange under the
trading symbol TMR.
This release contains "forward-looking information” within the meaning
of applicable securities laws that is intended to be covered by the safe
harbours created by those laws. “Forward-looking information” includes
statements that use forward-looking terminology such as “may”, “will”,
“expect”, “anticipate”, “believe”, “continue”, “potential” or the
negative thereof or other variations thereof or comparable terminology.
Such forward-looking information includes, without limitation, bringing
the Hope Bay Project into production, beginning with the timing of
achieving commercial production of the Processing Plant at Doris in
Forward-looking information is not a guarantee of future performance and
is based upon a number of estimates and assumptions of management at the
date the statements are made, Furthermore, such forward-looking
information involves a variety of known and unknown risks, uncertainties
and other factors which may cause the actual plans, intentions,
activities, results, performance or achievements of the Company to be
materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such
forward-looking information. See “Risk Factors” in the Company’s AIF
dated February 25, 2016 filed on SEDAR at www.sedar.com
for a discussion of these risks.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170209006417/en/
Source: TMAC Resources Inc.