TMAC Resources Inc. reported earnings and production results for the second quarter ended June 30, 2018. For the quarter, the company reported net loss of $10.3 million or $0.11 per share, a profit from mining operations of $1.0 million and cash flows from operating activities of $14.6 million for the three months ended June 30, 2018. The EBITDA for the quarter was $4.9 million. Total capital expenditure in the quarter was $27.1 million, reaching to $19.2 million of sustaining capital that mainly related to infrastructure of plant improvements and underground development.

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.