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:

Jamie Spratt, Clarus Securities (8/15/16)
"Guyana Goldfields Inc.'s Aurora mine is operating well with operations now steady at nameplate capacity. Management is planning constructing a carbon acid wash that should help improve recoveries toward our estimated 94% by 2017. . . .based on success to date at Aurora, we are moving our P/CF based valuation to 2017E CFPS basis (was 2016E CFPS) while maintaining our 12.0x multiple. These changes drive our revised target price of $7.75 per share."

Stuart McDougall, M Partners (8/12/16)
"Guyana Goldfields Inc. is moving ahead with placing long-lead orders for the planned mill expansion, to 8,000 tpd from 5,000 tpd currently. Completion is expected in 2017. . .Our NAV is now CA$8.05/share, up from CA$7.80/share, partly reflecting our decision to value the Sulphur Rose deposit at $50/oz, instead of $10/oz; a higher in situ value is warranted by the onset of production and completion of the equity financing, including management’s decision to get more aggressive on the exploration front."

Phil Russo, Raymond James (8/12/16)
"Guyana Goldfields Inc. announced Q2/16 financial results. . .the company managed to maintain its cash balance while paying down debt in the quarter, and post-quarter closed a C$130M financing. Production is still on track for the mid-range of guidance in our view; further, the company continues to expect capacity at the Aurora Mine to increase to 8,000tpd from 5,000tpd in 2017 as the mine transitions through softer rock, adding ounces to the production profile."

SmallCapPower (6/8/16)
"Presuming that a June Federal Reserve interest rate hike is now off the table, it could be a 'golden' summer for precious metals-related equities. For those investors wanting to minimize their risk, a way to go could be to target gold juniors that have low debt levels as well as high return on asset figures, such as. . .Guyana Goldfields Inc."

Don Blyth, Paradigm Capital (5/11/16)
"Guyana Goldfields Inc. produced 41.3Koz of gold and generated $18M of free cash flow in the first quarter of commercial production at the Aurora mine. . .Guyana's shares have performed strongly, up 124% YTD. . .we are impressed that the company has had a successful start-up, producing free cash flow in its first quarter of commercial production and is on track to meet 2016 guidance."

Andrew Mikitchook, M Partners (5/11/16)
"We continue to expect that Guyana Goldfields Inc. is on track to likely exceed production guidance of 130,000-150,000oz in 2016 . . . we are maintaining our BUY rating and are increasing our 12-month target price to C$8.25/share (was C$6.40). Our target price has increased due to a slight 5% increase in open pit grades and adding half of the open pit economic ounces available above $1,250/oz gold."

More Expert Comments

Experts Following This Company

Markus Bachmann, Fund Advisor – Craton Capital
Don Blyth, Analyst – Paradigm Capital
Brent Cook, Analyst, Geologist Exploration Insights
Warren Irwin, President – Rosseau Asset Management
Joe Mazumdar Exploration Insights
Stuart McDougall, VP Research Analyst – Jennings Capital
Andrew Mikitchook, Analyst – M Partners
Phil Russo, Research Associate – Raymond James
Jamie Spratt, Analyst – Clarus Securities

The information provided above is from analysts, newsletters, the company and other contributors.

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