SOURCE: TMAC Resources Inc.

TMAC Resources Inc.

September 09, 2015 07:01 ET

TMAC Resources to Present at Bank of America Merrill Lynch Conference

TORONTO, ON--(Marketwired - September 09, 2015) - TMAC Resources Inc. (TSX: TMR) ("TMAC" or the "Company") announces that Catharine Farrow, Chief Executive Officer, will be presenting on Thursday, September 10, 2015 at 4:40 pm EDT at the Bank of America Merrill Lynch 21st Annual Canadian Mining Conference to be held at the Sheraton Centre Toronto, Canada.

A webcast and PDF of the slide presentation will be available on TMAC's website at http://www.tmacresources.com/investors/events-and-presentations/default.aspx on the day of the presentation. An archive of the live webcast will also be available until December 9, 2015.

About TMAC Resources

TMAC Resources Inc. holds a 100% interest in the Hope Bay Project located in Nunavut, Canada. TMAC is a fully financed, gold development company. During 2015, TMAC significantly de-risked the Hope Bay Project financially by securing equity and debt financing for gross proceeds of over $350 million providing full funding for the Company to achieve its Path to Production plan, beginning with the Doris Mine, by the end of 2016. The Company has a board of directors with depth of experience and market credibility and an exploration and development team with an extensive track record of developing high grade, profitable underground mines.

Forward-Looking Information

This release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, bringing the Hope Bay Project into production, beginning with bringing the Doris Mine into production by the end of 2016, the availability of funds under the secured term loan facility (the "Debt Facility"), and that the net proceeds of the Initial Public Offering and drawdowns under the Debt Facility will be sufficient to fully fund the Hope Bay Project, the planned activities for the rest of 2015 and the objectives of the exploration budget.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made, including among other things, assumptions about: the ability meet the conditions to drawdowns under the Debt Facility; the ability to raise any additional capital needed to advance the development of the Hope Bay Project to production; future prices of gold and other metal prices; the geology of the Hope Bay Project being as described in the Company's PFS technical report for the Hope Bay Project filed on SEDAR; accuracy of the mineral resource and mineral reserve estimates in the PFS; the metallurgical characteristics of the deposit being suitable for the processing plant; the successful and timely delivery, installation and operation of the processing plant; production costs being as estimated in the PFS; accuracy of budgeted exploration and development costs and expenditures, including to complete development of the infrastructure at the Hope Bay Project; the price of other commodities such as fuel; future currency exchange rates and interest rates; favourable operating conditions; political and regulatory stability; receipt of governmental approvals and permits and all necessary third party financing on favourable terms; obtaining renewals for existing licences and permits and obtaining all other required licences and permits; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with the Kitikmeot Inuit Association and Nunavut Tunngavik Inc. and other local groups; and the Company's ability to operate in the harsh northern Canadian climate. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information. See "Risk Factors" in the Company's prospectus dated June 26, 2015 filed on SEDAR at www.sedar.com for discussion of these risks.

The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained herein. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information.

SOURCE TMAC Resources Inc.

Contact Information

  • For further information please contact:
    Ann Wilkinson
    Vice President, Investor Relations
    416-628-0216