TMAC Resources Inc. T.TMR

Gekko’s Gold Ore Treatment Plants

[riverrow]

Here's an interesting link outlining the startup and operation and some difficulties with two Gekkos Gold Ore Treatment Plants. It's a lot more complicated than I would have ever imagined. The first company seemed to have switched chemicals at one stage between the preliminary testing and later the operation causing unforeseen problems. https://citeseerx.ist.psu.edu/viewdoc/download;jsessionid=E48B78304F6E148C587CFDBC87617AAF?doi=10.1.1.612.2865&rep=rep1&type=pdf

[jelloman]

The Gekko plants seem to have a lot of problems but they also say they are all tested before they leave the factory? I wonder if they are really the right people to use if they had such a lot of failures earlier on. They might be cheaper suplliers but if there mill is wrong for the ore its a foolish economy to make.

[Robfrod]

Jello:  Each piece of equipment is probably tested mechanically, individually before shipping.  Mechanically most things probably worked when they arrived.  The process they use is not a standard process for processing of gold ores and has not been proven to be effective over years of operation and changing ore types.  It is possible that it could work and be effective but I

[MarcEliss]

The results say the recovery is 62%. Is this bad or good for the plant? Seems very low to me but I guess the non-standard process you talk about might be different.

[LithInvestor]

This post has been removed in accordance with Community Policy

[Robfrod]

62% is not good.  Brucejack which opened around the same time with a similar head grade is getting 96.5% at this point.

[ML_Geo]

Understandably it is hard to defend a mill that has been struggling for several quarters but every project is diffferent with unique challenges. These mills have a lot of moving parts and require systematic troubleshooting which takes time. TMAC has a strong management with proven mine finders/developers and I am certain they will work through the issues and improve the recoveries. The 3

[jelloman]

Seems a big step in recovery is needed? I think they need to consider what damages Gekko can be made to pay in the contract?