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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 Wineauxon Nov 04, 2019 6:57am
123 Views
Post# 30304175

One key question

One key questionOne thing that is now obvious is that operating in the arctic creates delays. It just takes longer to get things done. I'm quite sure that scavenger columns were to be commissioned in Q3 and now that has been pushed out to Q4. So assuming they are commissioned in Q4 and they start pushing through the high-grade BTD-Extension ore in the first half of next year, could that generate enough cash to address the debt repayments?  

I believe the company's orginal strategy in pushing out the debt repayments was to be in a better financial position when the refinancing comes around. 
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