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NUNAVUT NEWS

NUNAVUT NEWS

Circulated in all 25 Nunavut communities.

Tag: #goldmine

Posted inBusiness, Nunavut News

TMAC Resources posts $18-million first quarter loss; buyout vote looms

by Nunavut NewsJune 12, 2020

Despite strong gold prices, TMAC Resources showed a loss of $18 million in releasing its first quarter financial results on Thursday. A gold bar produced at the Doris North gold mine in the Kitikmeot region. Owner TMAC Resources has been losing money and is prepared to sell the operation to a Chinese-based gold miner. photo […]

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