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TMAC announces new CEO amid 2018 growth strategy

TMAC, an emerging gold producer in Canada, has announced the appointment of a new President

Jason Neal will take up the role as President and Chief Executive Officer to oversee the development of the next “great gold mining district” in Canada in the Hope Bay Project.  

Neal is a veteran mining investment banker, having joined BMO Capital Markets at the start of 1997 after graduating from Simon Fraser University with a Bachelor of Business Administration, and working his entire career focused exclusively on the metals and mining industry. Jason was promoted to Co-Head and Managing Director of the Global Metals and Mining Group in 2010, providing leadership to a team operating in offices located in Toronto, Vancouver, London, New York, Beijing and Melbourne.

Terry MacGibbon, Executive Chairman of TMAC, stated, “Over the past several months we have been building out and adding great talent to the Company’s executive, management and operational teams. We are extremely pleased to welcome Jason Neal to TMAC as our new President and Chief Executive Officer and to the Company’s Board of Directors. I will continue in the role of Executive Chairman and look forward to assisting and mentoring Jason and the entire TMAC team to grow the Hope Bay project into Canada’s next great gold mining district.”

 

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TMAC holds a 100% interest in Hope Bay located in the Kitikmeot region of Nunavut, Canada. TMAC is an emerging gold producer with the Doris mine pouring first gold in the first quarter of 2017 and achieving commercial production in the second quarter of 2017.

The Hope Bay Project is a high-grade gold deposit with established Measured and Indicated Mineral Resources totalling approximately 4.91 million ounces of gold.

The company has also reported that another milestone has been met on its path to production at Madrid and Boston. The Nunavut Impact Review Board (“NIRB”) and the Nunavut Water Board (“NWB”) have accepted the Final Environmental Impact Statement and Water Licence applications and are commencing the coordinated review of TMAC’s proposal for development and mining at the Madrid and Boston gold deposits.

TMAC looks forward to working with the Kitikmeot Inuit Association, Kitikmeot communities and government departments during the NIRB and NWB coordinated review process that is anticipated to provide TMAC with new Project Certificates and Water Licences in 2018 and 2019 respectively

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