TMAC Resources Inc. announced unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported loss before the financial expense was CAD 3.3 million against CAD 2.8 million a year ago. Loss before income taxes for the period was CAD 3.1 million against CAD 0.9 million a year ago. Net loss and comprehensive loss for the period was CAD 2.4 million against CAD 0.2 million a year ago. Basic and diluted net loss per share was CAD 0.03 against CAD 0.00 a year ago. Cash outflow from operating activities were CAD 5.0 million against cash inflow from operating activities of CAD 0.7 million a year ago. Additions to property, plant and equipment was CAD 23.8 million against CAD 27.6 million a year ago. Capital expenditures: Exploration and evaluation was CAD 2.6 million

For the quarter, Ore mined was 29,000 tonnes, Average grade mined was 12.8 grams/tonne, Ore milled was 19,000 tonnes.

For the year 2017, the company expects Ore mined of 60,000 tonnes, Average grade mined of 13 grams/tonne, Ore milled of 260,000 tonnes

For the year 2017, the company expects Capital expenditures: Exploration and evaluation of CAD 20 million.