TMAC Resources Inc. reports its financial results for the third quarter of 2020. All amounts are in Canadian dollars, unless otherwise indicated.
THIRD QUARTER 2020 FINANCIAL HIGHLIGHTS

• Gold production and sales: 18,420 ounces produced; 27,650 ounces sold
• Gross revenues: $70.5 million
• Average realized gold price: $2,549 per ounce (US$1,910 per ounce)
• Cash Costs (1): US$901 per ounce of gold sold
• Cost of sales (2): US$1,219 per ounce of gold sold
• All-in Sustaining Costs (“AISC”)( 1): US$1,067 per ounce of gold sold
• Adjusted EBITDA (1): $32.7 million
• Profit (Loss): $16.8 million
• Profit (Loss) per share: $0.13 per share on a basic and fully diluted basis
• Cash flow from operations: $25.6 million before working capital changes/$28.8 million after working capital changes
• Sustaining capex (1): $2.4 million
• Expansion capex (1): $0.2 million
• Cash on hand: $99.4 million at September 30, 2020, including: $71.5 million of unrestricted cash/$27.9 million of restricted cash
• Principal repayments: nil
• Current debt: $169.7 million