Hope Bay

MMX Interest:  2.5% + 0.25%(1) NSR royalty
MMX Metal Exposure:  Gold (Au)
Location:  Nunavut, Canada
Operator:  TMAC Resources Inc.
Status:  Producing
2019E Production:  160 - 170 koz Au (2)

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
  • 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 (3)

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

Source: TMAC Resources Inc. public disclosure.
(1) Until certain conditions are met.
(2) Production guidance provided in the TMAC Resources Inc. news releases dated February 21, 2019 and August 14, 2019.
(3) Resources include total measured & indicated resources, inclusive of reserves as at December 31, 2018 (TMAC website)

 


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