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 (1/19/16)
"The updated feasibility study for Guyana Goldfields Inc.'s Aurora expansion project supports our positive view of the project based on its long life, high margins and flexibility to lower and higher gold price scenarios. . .given progress to date we have increased our price:cash flow multiple and reduced our discount rate to be in line with the producer group, increasing our target price to $4.50/share (prior $3.50)."

Jamie Spratt, Clarus Securities (12/3/15)
"We are encouraged by Guyana Goldfields Inc.'s uptick in throughput toward nameplate capacity and the commencement of hard rock mining and processing at its Aurora project. . .we believe the untouched cost overrun of $52M provides a solid funding buffer with operations now generating positive cash flow. Overall, we believe the company remains well on track toward commercial production targeted for Q1/16."

Phil Russo, Raymond James (12/2/15)
"With ~21 Koz production in the last two months, including ~17 Koz production in November, we believe Guyana Goldfields Inc. is positioned to achieve its 2015 guidance of 30 Koz Au. Based on these numbers and 2016 guidance, combined with an ongoing favorable rampup period at the mine, we forecast sufficient financial flexibility to complete commissioning of Aurora."

Jamie Spratt, Clarus Securities (11/17/15)
"Guyana Goldfields Inc. released Q3/15 financial results and provided an update on ramp-up progress at its Aurora gold project in Guyana. . .the ramp up of mining and processing operations at Aurora continues to make good progress. . .we believe the key features of the project—an open-pit grade of 2.74 g/t, low costs (all-in sustaining costs of approximately CA$850/oz) and 200-plus Koz/year production profile—will see Aurora take its place among the premier producing assets in the gold space."

"Another name that we like is Guyana Goldfields Inc. It also has a relatively long life of mine. It's based in Guyana, which doesn't scare us off, despite the hapless picture painted by "The Gold Rush" series on National Geographic about an unprofessional crew working in the area. Guyana Goldfields will be in commercial production by the beginning of next year, producing 20 Koz. Guyana has a great cost structure and good life of mine that can be extended by going underground. I think it has the potential to create a lot of shareholder value." read more >

Jamie Spratt, Clarus Securities (10/23/15)
"This week we toured Guyana Goldfields Inc.'s 3.5 Moz Aurora project in Guyana. . .with full mechanical completion of the plant and hard rock circuit now achieved, the company remains focused on accessing hard rock in the Rory's Knoll pit and the ramp-up of mining throughput toward nameplate capacity of 5 Ktpd. We maintain a Buy rating and target price of $4.25/share."

More Expert Comments

Experts Following This Company

Markus Bachmann, Fund Advisor – Craton Capital
John Bridges, Analyst – J.P. Morgan
Brent Cook, Analyst, Geologist Exploration Insights
Sam Crittenden, Research Analyst – RBC Capital Markets
Jessica Fung, Research Analyst – BMO Capital Markets
Louis James, Analyst – Casey Research
Pav Jordan, Media Relations – BMO Capital Markets
Andrew Kaip, Analyst – BMO Capital Markets
Gwen Preston, Founder Resource Maven
Tony Robson, Managing Director and Co-Head for Global Mining Research
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.