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A well-timed PE gold play

TMAC Resources is one of those rare gold companies with private equity money at its core. Add to this a robust project and the buy-in of the second biggest producer of the yellow metal globally and it is no surprise it has lofty ambitions.

For such a company publication of a positive prefeasibility study for its flagship project – a milestone in most listed companies’ evolution where they hope for a share-price re-rating – was treated