TMAC Resources Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. The company reported that net loss from comprehensive loss for the quarter totaled CAD 10.9 million or CAD 0.13 per share. The company had revenues of CAD 22.1 million from the sale of 13,760 ounces of gold at an average price of CAD 1,288 per ounce. The expansion capital of CAD 8.9 million spent in the third quarter included the components for the second Python, which was delivered during the 2017 sealift, and it was placed on the lay down area at the Doris site. Loss before income taxes was CAD 14.7 million compared to CAD 3.4 million a year ago. Loss from mining operations was CAD 6.7 million. Cash outflow from operating activities was CAD 9.6 million compared to CAD 36.7 million a year ago. Additions to property, plant and equipment was CAD 18.7 million compared to CAD 30.6 million a year ago. Sustaining capex was CAD 8.9 million. Expansion was CAD 7.4 million. Exploration and evaluation was CAD 4.6 million.

For the nine months, the company reported revenue of CAD 28.2 million. Loss from mining operations was CAD 6.3 million. Loss before income taxes of CAD 17.5 million compared to CAD 8.1 million a year ago. Loss and comprehensive loss for the period was CAD 12.8 million or CAD 0.15 per basic and diluted share compared to CAD 6.0 million or CAD 0.08 per basic and diluted share a year ago. Cash outflow from operating activities was CAD 21.3 million compared to CAD 46.6 million a year ago. Additions to property, plant and equipment was CAD 57.8 million compared to CAD 98.3 million a year ago. Sustaining capex was CAD 11.5 million. Expansion was CAD 50.8 million. Exploration and evaluation was CAD 9.2 million.

For the full year 2017, the company expected to mine 150,000 to 180,000 tonnes of ore and process 215,000 to 225,000 tonnes of ore.