6 November 2015
TORONTO, November 5, 2015 /Marketwired/ – TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) filed its Third Quarter Financial Statements and Management’s Discussion & Analysis (“MD&A”) for the period ended September 30, 2015, which documents can be found on the Company’s website at www.tmacresources.com or on SEDAR at www.sedar.com. Highlights of the quarter are provided below.
Dr. Catharine Farrow, Chief Executive Officer of TMAC, stated, “We are pleased with our progress in moving the Hope Bay Project along the Path to Production. The third quarter of 2015 was our first quarter as a TSX-listed, fully-financed, gold development company. During the quarter, we significantly de-risked the Hope Bay Project financially by securing equity and debt financing for gross proceeds of over $350 million. In addition, we continued test mining underground at Doris, commenced construction on the foundations for the Mill Building, shipped the Mill Building components to site, and continued our work with Gekko Systems of Australia to execute on the procurement, fabrication and testing of the processing plant for shipment and installation during the third and fourth quarters of 2016. We remain on track and on budget for reaching production at the end of 2016.”