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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

Comment by LithInvestoron Feb 17, 2020 7:32pm
125 Views
Post# 30700450

RE:RE:What am I missing here?

RE:RE:What am I missing here?Gekko has made multiple trips to site to work with metallurgy on bringing up recoveries, at the end of the day the bulk sample that was used to design the circuit wasnt completely representable of the ore body to be mined. That, and the resin stripping circuit is struggling big time.
chipper63 wrote: I'm really surprised that Gekko dropped the ball on this one. I have dealt with them in the past and have found them to be very thorough in their ability to analyze and pre-determine the system required to optimize recovery within a complex sulfide ore body. 
 
The fact that no one at TMAC is mentioning any of this (that the manufacture screwed up) and isn’t demanding answers from GEKKO is really beyond me? 
 
What was Gekko’s spec’ed recovery rate when the plant was designed?  82% with today’s technology is awful – it should be closer to 92-94%? Even a fine gold, locked in a complex sulfide body should be able to reach 88-90% recovery? 

Would love to discuss this if anyone has more information


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