Hope Bay

MMX Interest:  2.5% + 0.25%(1) net smelter return (NSR) royalty
MMX Metal Exposure:  Gold (Au)
Location:  Nunavut, Canada
Operator:  TMAC Resources Inc.
Status:  Producing
 

Asset Information

  • High grade cornerstone asset with 15+ year mine life
  • Made up of 3 main deposits (Doris, Madrid and Boston) defined on a large 1,101km2 prospective land package
  • Continued to ramp up in 2019 as plant throughput increased by 28% and averaged 1,620 t/d
  • Gold recoveries improved from 79% in 2018 to 82% in 2019
  • Fully permitted for the continuted mining and gold production at Doris and for the development and mining of the Madrid North, Madrid South and Boston deposits
  • Pre-feasibility study results announced in March 2020 included updated resource estimates and a potential throughput expansion

For more information on Hope Bay, please visit www.tmacresources.com.

Source: TMAC Resources Inc. public disclosure.
(1) Until certain conditions are met.


 

 


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