TMAC Resources Inc. T.TMR

Metals & Mining Industrial Metals & Minerals

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

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TMAC Resources Inc.

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Post by AwareInvestoron Dec 30, 2020 1:20pm

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TMAC Resources: Stock’s Positive Performance Post-Dissolutio

On December 21, Canada’s government rejected the sale of TMAC Resources, a gold mining company operating the Hope Bay gold mining project in Nunavut, to China’s Shandong Gold Mining Co., citing the need to “safeguard national security.” While not explicitly stated, poor relations between the two countries’ governments in the aftermath of Canada’s 2018 arrest of a Huawei Technologies executive likely played an important role in the Trudeau Administration’s decision.

https://thedeepdive.ca/tmac-resources-stocks-positive-performance-post-dissolution-of-takeover-agreement-may-be-telling/

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Advancing flagship Ishkõday Gold Project in Ontario