TMAC Reports Record Q4 Gold Production; 1,800 tpd Plant Throughput and 2,310 tpd Mine Production

TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) reports its operating and financial results for the fourth quarter and full year for 2018. The Company achieved record gold production of 34,080 ounces during the fourth quarter. Gold sales of 31,380 ounces at an AISC(1) of US$1,112/oz during the fourth quarter produced record revenues of $51.4 million at cost of sales of $44.3 million, resulting in a profit from mining operations of $7.1 million. The net loss totalled $13.5 million, or $0.12 per share on a basic and fully diluted basis and Adjusted EBITDA (1) totalled $15.7 million. Increased production resulted ...

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