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:

Paradigm Capital (6/11/15)
"A recent corporate update affirms that Guyana Goldfields Inc.'s Aurora gold project development is on time and budget for first gold pour in early Q3/15 (or perhaps even late Q2/15). . .we expect a positive bump in the share price multiple as the company evolves from explorer‐developer to junior gold producer over the next month or two."

Jamie Spratt, Clarus Securities (5/28/15)
"Guyana Goldfields Inc. announced that the mill commissioning process has commenced at its 8.4 Moz Aurora project in Guyana. . .the project continues to move ahead on schedule and on budget. . .the company's stock remains poised for a continued rerating with the successful execution of the Aurora build. We believe the key differentiating features of the project—on open-pit grade of 2.74 g/t, high margins with a life-of-mine all-in sustaining cost of $872/oz and substantial production profile with an average annual production of 200 Koz/year—should see Aurora take its place among the premier producing assets in the gold space."

Phil Russo, Raymond James (5/27/15)
"Guyana Goldfields Inc. provided an update on construction activities at Aurora. . .as the project approaches completion, capital creep and schedule slippage appears to be reducing. . .Aurora remains on track for first gold production in mid-2015. . .the company expects production of 30–50 Koz in 2015 and 120–140 Koz in 2016, in-line with our estimates."

Andrew Kaip, BMO Capital Markets (5/27/15)
"Guyana Goldfields Inc. announced that the mill commissioning process has commenced at its Aurora gold project and that initial production remains on schedule for mid-2015. . .the company's shares remain poised for a positive rerating through commissioning and upon delivering first production."

Trevor Turnbull, Scotia Capital (5/25/15)
"We are raising our recommendation of Guyana Goldfields Inc. to Focus Stock from Sector Outperform. We believe the company is on track for production in Q3/15 following the recent successful installation of its semi-autogenous grinding mill. . .we forecast Guyana to generate free cash flow in Q4/15."

Trevor Turnbull, Scotia Capital (5/20/15)
"Guyana Goldfields Inc. filed its Q1/15 financials and reported that commissioning is expected to start this quarter, followed by production. . .highlights from Q1/15 include the successful installation of the SAG mill and the power generators. . .we reiterate our Sector Outperform rating for this very near-term producer with strong free cash flow yield, even at a $1,200/oz gold price."

More Expert Comments

Experts Commenting on This Company

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
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.
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