TMAC Resources Inc. reported earnings and operating results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of CAD 28.2 million, loss from mining operations of CAD 6.1 million and Net loss of CAD 12.5 million. Basic and diluted loss per share was CAD 0.14.

For the full year, the company reported revenue of CAD 68.8 million and loss from mining operations of CAD 12.4 million. Loss before income taxes was CAD 35.1 million against CAD 17.3 million a year ago. Loss and comprehensive loss for the year was CAD 25.3 million against CAD 13.2 million a year ago. Basic and diluted loss per share was CAD 0.30 against CAD 0.16 a year ago. Cash flows used in operating activities were CAD 33.9 million against CAD 76.1 million a year ago. Additions to property, plant and equipment was CAD 72.2 million against CAD 114.2 million a year ago.

The company reported production results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported ore mined of 53,500 tones, average grade g/t of 9.4 and gold production of 21,200 ounces.

For the full year, the company reported ore mined of 150,700 tones, average grade of 11.5 g/t and gold production of 55,150 ounces.

The company provided operating guidance for the full year of 2018. For the period, the company announced the Ore Mined between 420,000 tones and 470,000 tones of ore at an average for the year between 11 g/t gold and 14 g/t gold with total tones, including waste, being between 670,000 tones to 740,000 tones.