GUY:TSX

Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canada-based gold producer with operations in Guyana, South America and is focused on the exploration, development, and production of gold deposits. The Company is focused on building a portfolio of high quality, low cost gold assets and owns 100% of the Aurora Gold Mine, a high-grade mine which started initial production in August 2015 and has a total gold resource of 6.54 million ounces in the measured and indicated categories (62.83 million tonnes at 3.24 g/t Au) as well as an additional 1.82 million ounces in the inferred category (16.93 million tonnes at 3.34 g/t Au). In addition, the Company holds advanced exploration projects and has been operating in Guyana continuously since 1996.

Expert Comments:

Ubika Research (8/11/15)
"Guyana Goldfields Inc. began initial gold production on time and on budget at its Aurora gold mine in Guyana, South America. The company expects to produce 30–50 Koz in 2015, depending on how quickly full ramp-up is achieved."

Brent Cook, Exploration Insights (8/9/15)
"Guyana Goldfields Inc. announced initial gold production from its Aurora deposit in Guyana this month. The project is fully funded. . .the combined open-pit–underground technical report estimates an after-tax net present value (5%) of $374M and internal rate of return of 20% at $1,000/oz gold. Cash costs come in at $424/oz and all-in sustaining costs at $749/oz."

Jamie Spratt, Clarus Securities (8/7/15)
"Guyana Goldfields Inc. announced that the first gold pour was achieved at its 8.4 Moz Aurora project in Guyana. . .with commercial production targeted for late Q3/15. . .we maintain our view that the company's stock remains poised for a continued rerating with the realization of its high-grade, high-margin open-pit scenario at Aurora."

Jamie Spratt, Clarus Securities (8/5/15)
"Guyana Goldfields Inc. announced that the first gold pour was achieved at its 8.4 Moz Aurora project in Guyana. Initial gold production was achieved on time and on budget through the gravity and saprolite production circuits with commercial production targeted for late Q3/15. . .we maintain our view that the company remains poised for a continued rerating with the realization of its high-grade, high-margin, open-pit scenario at Aurora."

Gwen Preston, Resource Maven (8/5/15)
"Guyana Goldfields Inc. just completed the first gold pour at its Aurora mine in Guyana. . .at US$1,000/oz gold, the mine should kick out a 25% after-tax internal rate of return. In other words, Guyana Goldfields has spent the bear market building a mine that should be profitable even if gold falls a bit below US$1,000/oz. Congrats to it on its first pour."

Trevor Turnbull, Scotia Capital (8/4/15)
"Guyana Goldfields Inc. announced that it has poured first gold at its Aurora project. . .the company reiterated its 2015 guidance of 30–50 Koz. . .we reiterate our Focus Stock rating as we believe Guyana Goldfields is one of the best positioned companies to operate in the current gold price environment."

More Expert Comments

Experts Commenting on This Company

Brent Cook, Analyst, Geologist Exploration Insights
Sam Crittenden, Research Analyst – RBC Capital Markets
Michael Fowler, Senior Mining Analyst – Loewen, Ondaatje & McCutcheon
Jessica Fung, Research Analyst – BMO Capital Markets
Richard Gray, Analyst – Cormark Securities
Pav Jordan, Media Relations – BMO Capital Markets
Andrew Kaip, Analyst – BMO Capital Markets
Andrew Mikitchook, Analyst – Edgecrest Capital
David Morgan, Publisher – Silver Investor
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Gwen Preston, Founder – Resource Maven
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
Jordan Roy-Byrne, Editor/CMT The Daily Gold
Phil Russo, Research Associate – Raymond James
Jamie Spratt, Analyst – Clarus Securities
Trevor Turnbull, Analyst – Scotia Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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