Gold – Guyana Goldfields (TSX:GUY) on Monday announced that its board of directors has approved $238 million in expenditures to advance its Aurora gold project towards commercial production.
Articles Tagged "Guyana Goldfields"
Commodity prices have slumped and costs have escalated, squeezing the margins of major mining companies. Falling equities of junior miners have scared investors away along with the capital to keep themselves afloat. Necessity is the mother of invention, however, and many mining companies are learning that the key to survival is doing things differently.
Gold – A Russian gold company the size of Goldcorp could be formed now that Russian billionaire Mikhail Prokhorov has sold a stake in the country's biggest gold miner.
Gold – Mining Weekly reported that Guyana Goldfields filed a positive technical report with for its Aurora gold project in Guyana. As quoted in the market report:
Gold – Gold’s role as the ultimate store of value remains evident and, “industry consolidation remains a strong theme in both the resource and gold sector. When this happens, supply actually contracts as the acquiring company prioritizes the best projects in the new combined company."