LEADERSHIP

Farrow out in bittersweet year for TMAC

Catharine Farrow is stepping down as CEO of Nunavut gold miner TMAC Resources (TSX:TMR) at the end of a year that has seen the start of commercial production at Hope Bay but also a near 50% drop in the company’s share price.

Staff reporter
 TMAC Resources’ Catharine Farrow next to president Gordon Morrison at Hope Bay earlier this year

TMAC Resources’ Catharine Farrow next to president Gordon Morrison at Hope Bay earlier this year

Hope Bay's ramp-up issues have been well documented. TMAC has struggled to deliver plant design throughput and recoveries and while recent signs have been positive it could take another six months or...

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