Hope Bay

MMX Interest:  1.0% NSR royalty
MMX Metal Exposure:  Gold (Au)
Location:  Nunavut, Canada
Operator:  TMAC Resources Inc.
Status:  Producing
2019E Production:  160 - 180 koz Au (1)

Asset Information

  • New long life and high grade cornerstone asset
  • Made up of 3 main deposits (Doris, Madrid and Boston) defined on a large 1,101km2 prospective land package
  • Throughput up 47% and recoveries up 10% in April 2018 compared to Q4 2017 average
  • Ramping up to deliver 2,000 tpd
  • Pre-Feasibility study in 2015 averaged production of 185,000 for first five years
  • Gold resources of 4.8Moz at 8.3 g/t (2)

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

Source: TMAC Resources Inc. public disclosure.
(1) Production guidance provided in the TMAC Resources Inc. news release dated February 21, 2019.
(2) Resources include total measured & indicated resources, inclusive of reserves as at December 31, 2018 (TMAC website)

 


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