Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canada-based company focused on the exploration and development of gold deposits in Guyana,South America. The company is focused on the construction and development of the Aurora gold project scheduled for commercial production in mid-2015. The Aurora gold project has a total gold resource of 6.54 Moz in the Measured and Indicated categories (62.83 Mmt at 3.24 g/t Au) as well as an additional 1.82 Moz in the Inferred category (16.93 Mmt at 3.34 g/t Au). Guyana Goldfields also holds a significant portfolio of attractive exploration properties and holds cash and cash equivalents of US$68M as of July 31, 2014.

Expert Comments:

Jamie Spratt, Clarus Securities (3/31/15)
"Guyana Goldfields Inc. announced an update on construction progress at its 8.4 Moz Aurora project in Guyana. . .continued strong progress with the development timeline continuing to rack toward a first gold pour by mid-2015 and commercial production targeted for late Q3/15 with capital costs to date in-line with budget. We maintain our view that the company's stock remains poised for a rerating with the realization of its high-grade, high-margin, open-pit scenario at Aurora."

Phil Russo, Raymond James (3/31/15)
"Guyana Goldfields Inc. continues to progress in-line with expectations as it nears first gold from its Aurora gold project. With 80% of construction and 70% of the capital spend behind it, the project appears set to achieve its mid-2015 first-gold target schedule. . .the company appears sufficiently funded to see the project constructed and fully commissioned later this year. . .we view the Aurora asset favorably given the inherent flexibility in the project, as well as the lower cost profile it offers, which augurs well in these volatile times."

"Guyana Goldfields Inc. is an intermediate company that is likely to be active in M&A." read more >

Andrew Kaip, BMO Capital Markets (3/30/15)
"Guyana Goldfields Inc. provided an update on the advancing construction at the Aurora gold project in Guyana. Construction is on schedule with 80% of the development complete. . .it is currently overfunded by $58M from the originally budgeted $249M in capital expenditures. . .the company is targeting first gold production for mid-2015. . .the current update reaffirms our view that Guyana Goldfields should meet its construction milestones and commence commercial production by late Q3/15."

Andrew Kaip, BMO Capital Markets (3/2/15)
"We attended a site tour of the Aurora gold project in Guyana with senior management of Guyana Goldfields Inc. Construction activities at Aurora are in full gear and progressing on schedule and budget. . .the company plans to begin commissioning activities in early Q3/15 and is targeting a three-month window to reach commercial production."

Andrew Kaip, BMO Capital Markets (2/25/15)
"Scott Caldwell, President, CEO and Director of Guyana Goldfields Inc., presented at the 2015 BMO Global Metals and Mining Conference. The presentation focused on the construction of the company's Aurora gold project located in Guyana. . .expectation of first gold production by mid-2015. . .projecting net overfunding of $58M to complete construction of the project."

More Expert Comments

Experts Commenting on This Company

Sam Crittenden – RBC Capital Markets
Daniel Earle, Analyst - Uranium – TD Newcrest
Michael Fowler, Senior Mining Analyst – Loewen, Ondaatje & McCutcheon
Jessica Fung, Research Analyst – BMO Capital Markets
Adam Graf, Managing Director, Equity Research – Cowen Securities
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
Keith Phillips, Managing Director – Cowen & Co.
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.
Guyana Goldfields Inc. Content