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TMAC Resources Inc. T.TMR

TMAC Resources Inc is an industrial metals and materials company. The business acquires, explores, and evaluates mineral properties. Its lone business segment is Mining; this segment is engaged in the exploration and development of precious metal resources, primarily gold. The company generates the vast majority of its revenue in Canada. TMAC Resources' primary mine is located in Hope Bay, in the Kitikmeot region of the western Nunavut Territory. TMAC mines for gold resources and inferred minera


TSX:TMR - Post by User

Post by Shermandrock1on Jul 02, 2019 9:55am
71 Views
Post# 29879527

Another quarter in the books folks.

Another quarter in the books folks.CAD appreciated 1.48% vs USD. That will have a favorable effect of appx $1.5M gain on debt. POG increased >$100 from Q1. That will have a negative effect of $1.0M on the gold options. Net net that gets some of the non-cash noise out of the way. It all comes down to how much dirt was run, how much gold it contained and how much of it was liberated. Simple , eh? There have been multiple issues, events and circumstances restraining results for too many quarters. Surely one of these quarters the ideal conditions will manifest and will be reflected in the results. Right? One item that is a head scratcher is the lack of reporting from the folks who allegedly went to the site visitation. Even the FBI leaked more than these folks. Did they even go to the moon? Ummmmm strike that.....Hope Bay.
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