Articles Tagged "Guyana Goldfields"

Guyana Goldfields Aurora Project Fully Funded

Gold – Guyana Goldfields Inc. (TSX:GUY) is pleased to announce the signing of a common terms agreement with International Finance Corporation, Export Development Canada, ING Capital LLC, Caterpillar Financial Services Corporation, and The Bank of Nova Scotia for a credit approval for a US$185 Million project finance facility. The financing will fund the development and construction of, and general matters relating to, the 100%-owned Aurora Gold Project located in Guyana, South America.

Tough Market Forcing Mining Companies to Think Outside the Box

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.

Precious Metal Funds: RBC Global Precious Metals Fund

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."