News Somewhat what we expected on production, any thoughts on exploring options news? My view is this gets sold to another producer.
-----
TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) announces it has initiated a strategic process to explore, review and evaluate a broad range of potential alternatives focused on maximizing shareholder value, including a potential sale or merger of the Company, joint venture of the Hope Bay mine, introduction of a new significant strategic shareholder or various long-term financing alternatives.
FOURTH QUARTER 2019 PRODUCTION SUMMARY
- Production: 24,650 ounces of gold produced
- Sales: 24,650 ounces of gold sold
- Mining: 1,560 tonnes per day (“tpd”), with a grade of 7.0 g/t Au
- Processing: 1,440 tpd, with a feed grade of 7.1 g/t Au, and 82% recovery
- Doris underground development metres: 2,080 metres