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:

"One of the opportunities is in what we call predevelopment names. One company in this group is Guyana Goldfields Inc., which will declare commercial production at its 8.4 Moz Aurora mine this year. Its share price has done very well relative to its peers throughout its execution." read more >

Andrew Kaip, BMO Capital Markets (7/13/15)
"New miners including Guyana Goldfields Inc. are developing new high-grade gold mines that are projected to support attractive low free cash flow breakeven gold prices."

"I like companies that are fully funded and building a mine. That includes Guyana Goldfields Inc. It is well positioned to be in production when the market turns. [Is Guyana Goldfields still on schedule to start production this year?] Yes, as far as I know. It appears to be on schedule, on budget and moving ahead. It's funded, moving toward production. There are not many projects out there that are doing that these days. Funding is tough to come by." read more >

Ubika Research (7/6/15)
"Guyana Goldfields Inc. announced that the mill commissioning process has commenced and the Aurora gold project remains on track for projected initial gold production in mid-2015. Overall, project construction is approximately 85% complete with the company focusing on operational readiness training and commissioning."

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."

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
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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