Omai Gold Announces Preliminary Economic Assessment for Its Omai Project, Guyana

Omai values Guyana gold project at $4B

A new economic study for Omai Gold Mines’ (TSXV: OMG; US-OTC: OMGGF) namesake project in Guyana positions it among the largest and most valuable undeveloped gold projects in South America,... The post Omai values Guyana gold project at $4B appeared first on The Northern Miner.

Omai Gold Announces Preliminary Economic Assessment for Its Omai Project, Guyana

(All dollar amounts are in United States dollars, unless otherwise stated) Highlights of Omai Project Preliminary Economic Assessment 6.327 million ounces of gold (“Au”) projected life-of-mine (“LOM”) payable production over 18 years $4.0 billion after-tax net present value at a 5% discount rate at base case $3,600/oz gold, increasing to $5.5 billion at $4,200/oz gold […]

OMAI targets average US$1.2B in annual gold production for 18 years

…projects 6.3M ounces from Guyana operation …351,488 ounces annually; 435,667 during peak years  (Kaieteur News) – Canada-based Omai Gold Mines has published its Preliminary Economic Assessment (PEA) for its gold project in Region Seven (Cuyuni-Mazaruni), outlining a long-life, large-scale gold mining operation that is projected to produce 6.3 million ounces of payable gold over an 18-year […] The post OMAI targets average US$1.2B in annual gold…

Canadian company eyes $300B investment, 6.3M ounces of gold, 2,000 jobs

…pursues large-scale mining operations at Omai With a projected production of over 6 million ounces of gold, Avalon Gold Exploration Inc is touting a large-scale operation at the OMAI Gold Project in Region Seven (Cuyuni-Mazaruni) – a potential $300 billion investment that would create of thousands of jobs for Guyanese. This is according to a Preliminary Economic Assessment (PEA) announced on Wednesday by Avalon – the wholly owned Guyanese subsi…

Prelim assessment points to potential GY$300B investment in Guyana's gold sector, with 2000 jobs expected

Avalon Gold Exploration Inc. (Avalon) today announced its Preliminary Economic Assessment (PEA), outlining potential for a long-life, large scale gold mining operation in Guyana. The PEA represents a significant advancement for the OMAI Gold Project, outlining a development pathway for a long-life, large-scale mining operation and outlining the scale of investment, employment and business opportunities […] The post Prelim assessment points to po…

Omai Gold PEA Outlines An 351,488 Ounce A Year Mine in Guyana

Omai Gold Mines (TSXV: OMG) has finally put numbers to the project it is named after. The company’s preliminary economic assessment for the Omai gold project in Guyana lays out an 18-year operation producing 6.33 million payable ounces of gold. Production is expected to average 351,488 ounces a year, peaking at 435,667 ounces. Using a […]