TMAC Resources began commercial production at its Hope Bay gold project in Nunavut in mid 2017. Photo: TMAC Resources
Gold
The Doris gold deposit is the first of three to be mined at Hope Bay
130 kilometres south of Cambridge Bay
Owned and operated by TMAC Resources
Mine life to 2037
TMAC exploration permit, for an area 80 kilometres by 20 kilometres, covers majority of Hope Bay Greenstone Belt
Doris deposit first to be mined, Madrid and Boston deposits expected to commence production in 2020 and 2022
Madrid and Boston deposits environmental impact statement and water licence applications January 2018, Nunavut Impact Review Board and Nunavut Water Board begin review of development and mining
In July 2018, Nunavut Impact Review Board approves Boston-Madrid to proceed (next steps include project certificates and type A water licences, which will allow both deposits to go into production)
Proven and probable mineral reserves of 3.6 million ounces gold grade 7.7 grams per tonne
Socio-economic northern legacy through 2016 – 233 person years employment, $384 million spend
1988 to 1999, BHP Billiton discovered and drilled Doris, Boston, and Madrid deposits
TMAC has a 100% interest in the 1,101 square kilometre Hope Bay property in Nunavut. The property is a high-grade gold deposit with approximately 4.9 million ounces (measured and indicated mineral resources), 1.7 million ounces (inferred), and 3.6 million ounces (proven and probable mineral reserves). Photo: TMAC Resources
