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BRIEF-TMAC Q1 loss per share C$0.03

Published 2017-05-15, 06:28 a/m
© Reuters.  BRIEF-TMAC Q1 loss per share C$0.03
TMR
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May 15 (Reuters) - Tmac Resources Inc TMR.TO

* Tmac reports operating and financial results for first quarter of 2017

* Q1 loss per share c$0.03

* Tmac resources inc - mining in q1 of 2017 produced 29,000 tonnes of ore at an estimated grade of 12.8 g/t

* Tmac resources inc - ore stockpiles at march 31, 2017 are estimated to contain 131,600 tonnes of ore at a grade of 13 g/t, or 56,800 ounces of gold

* Tmac resources inc - 2017 gold production guidance 100,000-120,000 ounces

* Tmac resources inc - processing plant ramp up has encountered issues that have affected its availability

* Q1 earnings per share view c$-0.01 -- Thomson Reuters I/B/E/S

* Tmac resources-delay in achieving commercial production,additional costs incurred, expected to be incurred to achieve production estimated about $13 million

* Tmac resources inc - despite delay, co forecasts sufficient cash on hand to achieve commercial production, achieve positive cash flow from mining operations Source text for Eikon: ID:nBw1k6ln3a Further company coverage: TMR.TO

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