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TMAC secures water licenses for Madrid, Boston projects in Nunavut, Canada

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TMAC secures water licenses for Madrid, Boston projects in Nunavut, Canada

TMAC Resources Inc. secured approvals for two Type A water licenses for the Madrid and Boston projects, part of its Hope Bay gold property in Canada's Nunavut Territory.

The approvals conclude the environmental permitting process and allow the company to move forward with mine construction and operations.

The licenses allow for the development and operation of three new gold mines at Madrid North, Madrid South and Boston, including a 55-kilometer, all-weather road connecting all four mines, including Doris, on Hope Bay, according to a Jan. 15 release.

Plans include expanding the existing Doris camp and the tailings impoundment area from 2.5 million tonnes to 18 million tonnes for Madrid and constructing and operating mines at Madrid North and Madrid South.

At Boston, TMAC intends to develop a fully independent mine site, including a new 5.1 million-tonne tailings facility and ore processing plant.

The company also secured permissions to operate alternative wind power generation and expand its port.