Agnico snaps up Nunavut miner TMAC in $226m deal

Mining News Pro - Only two weeks after the federal government blocked a takeover of struggling Nunavut gold miner TMAC Resources by China’s Shandong Gold Mining, TMAC has found itself in the arms of a Canadian white knight – Agnico Eagle Mines.

Canada rejects Shandong’s bid to buy TMAC

Mining News Pro - The Canadian government has rejected Shandong Gold Mining’s bid to acquire TMAC Resources, the companies said on Tuesday.

Shandong Gold grabs TMAC for $149 million

Mining News Pro - China’s Shandong Gold Mining, one of the country’s top bullion miners, has agreed to buy Canadian junior TMAC Resources for around $149 million.

TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario

Mining News Pro - TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine.

TMAC makes permitting gains for Madrid-Boston development

Mining News Pro - The Hope Bay gold project in Nunavut will soon welcome three more mines – North Madrid, South Madrid and Boston. (Image: TMAC Resources)

Hope Bay gives TMAC better quarter

Mining News Pro - Toronto-based TMAC Resources experienced less red ink in the second quarter of this year than it did in the first. The comprehensive loss for Q2 was $10.3 million, compared to $15.0 million in Q1. Better yet, the Hope Bay gold mine 65 km east of Bathurst Inlet showed a modest profit of $1.0 million instead of a loss, which for Q1 was $2.6 million.

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