TMAC Resources Inc. Reports Earnings and Production Results for the Second Quarter Ended June 30, 2018; Provides Capital Expenditure and Production Guidance for the Year 2018
For the quarter, the company's ore mined was 151,500 tonnes.
For the year 2018, the company expects ore mining in the range of 420,000 tonnes 470,000 tonnes.
For the year 2018, the company is increasing capital expenditures target to include Plant improvement capital, including additional gravity concentrators which were not originally budgeted, advancing from 2019 certain expenditures related to the marine discharge project as well as the previously disclosed increases to the costs of the south dam construction project which is now complete.