GUY:TSX

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.
GUY:TSX

Expert Comments:

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."

Phil Russo, Raymond James (5/10/16)
"Guyana Goldfields Inc. announced Q1/16 financial results. . .the company managed to increase its cash balance while paying down debt in the quarter with the projection for the remainder of the year positive as costs are set to trend downwards and production is on track for the upper end of guidance."

Jamie Spratt, Clarus Securities (5/10/16)
"Guyana Goldfields Ltd. reported solid Q1/16 financial results that beat our CFPS and EPS estimates, primarily due to lower corporate G&A and cash taxes. . .we are encouraged with the ramp up to date with annualized Q1 production of 41 Koz already ahead of our estimates. . .the company provides a rare combination of a high-margin, long-life asset, gold price optionality and M&A potential."

Jamie Spratt, Clarus Securities (4/6/16)
"Guyana Goldfields Inc.'s Q1/16 operating results were positive and indicate significant progress with the ramp-up of production at the 2.86 Moz Aurora mine. Production of 41 Koz beat our estimate of 30 Koz driven by higher throughput and higher head grades. . .we are increasing our target price to $5.75/share from $4.50 and we maintain our Buy rating."

Andrew Mikitchook, M Partners (4/6/16)
"In Q1/16 Guyana Goldfields Inc. produced 41,281 oz (sold 40,568 oz) at grades of 2.98 g/t, ahead of our estimate for 37,800 oz at grades of 2.78 g/t. Higher production was driven by higher-than-modeled grades and better throughput of 5,083 tpd versus our estimate of 4,622 tpd. . .overall, we would view the results positively as the company appears to be achieving a further extension of positive grade reconciliation."

More Expert Comments

Experts Following This Company

Markus Bachmann, Fund Advisor – Craton Capital
Don Blyth, Analyst – Paradigm Capital
John Bridges, Analyst – J.P. Morgan
Brent Cook, Analyst, Geologist Exploration Insights
Sam Crittenden, Research Analyst – RBC Capital Markets
Warren Irwin, President – Rosseau Asset Management
Louis James, Editor – Casey Research
Andrew Kaip, Analyst – BMO Capital Markets
Joe Mazumdar Exploration Insights
Andrew Mikitchook, Analyst – M Partners
Gwen Preston, Founder Resource Maven
Phil Russo, Research Associate – Raymond James
Jamie Spratt, Analyst – Clarus Securities
Trevor Turnbull, Analyst – Scotia Capital

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

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