Guyana Goldfields (OTCPK:GUYFF) is a Canadian gold producer
operating its flagship Aurora gold mine in Guyana, South America. In August,
the company transitioned from gold developer to producer, and just last month,
it sold its first gold ounces for total revenue of $1.65 million. The plant's
ramp-up is progressing well. It completed commissioning of the entire
processing plant with saprolite ((soft)) ore. Guyana Goldfields expects
pre-commercial production to range between 30,000 and 50,000 ounces of gold in
2015. Commercial gold production should start-up during the first quarter of
2016, at the latest. Shares of the company (on the TSX) have slid in recent
days, losing 5% after management received notification of possible legal action
by the Venezuelan government over the Aurora gold mine. More…
No comments:
Post a Comment