Hope Bay

MMX Interest: 1.0% NSR royalty
MMX Metal Exposure: Gold (Au)
Location: Nunavut, Canada
Operator: TMAC Resources Inc.
Status: Producing

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 4.9Moz at 8.6 g/t (1)

 

(1) Resources include total measured & indicated resources, inclusive of reserves as at June 30, 2017 (TMAC website)


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