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:

"Guyana Goldfields Inc. is the type of company that is likely to be taken out in 2015. . .it is financed to production. . .a progressive start-up should begin in the middle of 2015. Guyana will initially mine the high-grade open-pit material. I was down in Guyana not long ago, and everything seems to be on time and on budget. [The details have been worked out about regarding Aurora's financing.] We're talking about financing for the first two or three years. According to the feasibility plan, Aurora will be open-pit initially, and it will then go underground. I don't know whether it will go underground, to be honest. My feeling is that Guyana Goldfields will keep Aurora as an open-pit deposit." read more >

"We see a number of junior companies with credible assets that will be developed at some point and those companies are going to be acquisition targets, including Guyana Gold Corp., which is building the Aurora gold project in Guyana." read more >

Andrew Kaip, BMO Capital Markets (12/12/14)
"Guyana Goldfields Inc. announced that the 26 ft diameter semi-autogenous grind (SAG) mill shells have been successfully delivered to the Aurora gold project site. . .delivery of the SAG mill shells before the rainy season is a key milestone that should maintain the company's construction schedule. Guyana is guiding for start-up of operations mid-2015."

"Guyana Goldfields Inc.'s Aurora gold project will produce 194 Koz per year for 17 years. Its initial capital expenditure is only $249M. It has an after-tax IRR of 31% and an after-tax net present value of $735M. It has solid growth potential as well. Aurora's Proven and Probable resource is 3.48 Moz gold, while its Measured and Indicated resource is 6.54 Moz, with 1.82 Moz Inferred. Construction is underway, with production scheduled for mid-2015. Production cash cost is $527/oz gold, so it can make good money at $1,000/oz gold. It is a surefire takeover candidate at some point. Companies like this are the stocks you want to watch very closely because if we see that final decline before the bottom, you can buy them at better prices then if you bought them right now or at $1,300/oz gold." read more >

Teresa Matich, Resource Investing News (10/20/14)
"Guyana Goldfields Inc., the Canada-based exploration and development company, was able to secure a $185M project finance facility for its Aurora gold project at the start of September, and on Monday, it achieved financial close and obtained its first drawdown in relation to that agreement. With the completion of the facility, the development and construction of the Aurora gold project in Guyana are fully funded."

Andrew Kaip, BMO Capital Markets (10/20/14)
"Guyana Goldfields Inc. announced financial closing of the $185M project finance facility, that it has obtained the first drawdown in the amount of $42.6M. . .that the construction schedule is approximately 40% complete and that it expects to ramp up its workforce at site to 900 employees by year-end. . .the facility enables the company to proceed with construction of the Aurora gold project to support commissioning by mid-2015. . .ramping to average life-of-mine gold production of 197 Koz at cash costs of $586/oz over a 17-year mine life."

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