TMAC completes permitting for Madrid and Boston projects

By Canadian Mining Journal Staff / January 15, 2019 / www.mining.com / Article Link

With the receipt of Type A water licences, Toronto-based TMAC Resources has completed the permitting of its Madrid (both north and south) and Boston gold deposits. The Minister of Intergovernmental and Northern Affairs approved the licences, as recommended by the Nunavut Water Board.

The company spent last year ramping up production at its first mine on the Hope Bay property - Doris. This year will see the company balance optimization of established operations with development activities. Madrid North will be the next gold mine, and the Doris mine will begin to move underground.

The Doris water licence was amended to allow expansion of the Doris tailings management facility to 18 million tonnes from 2.5 million tonnes to accommodate Madrid tails.

Permits have also been obtained for alternative wind power generation, expansion of TMAC's port facility, and surface mining of the Madrid and Boston crown pillars.

This article originally appeared in the Canadian Mining Journal.

Recent News

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com

Gold stocks near flat as equities dip

April 15, 2024 / www.canadianminingreport.com

Revenue estimates for gold stocks have remained relatively flat

April 08, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok