Company Profile
Guyana Goldfields Inc. (GUY) is a Canada-based mineral exploration and development
company primarily focused on the exploration and development of gold deposits in the Guiana Shield of South America. The principal assets of the company consist of the Aurora Project and the Aranka Properties. As per the life cycle analysis of a mining share, there is still significant upside potential as the company approaches the early development phase.
Summary
- Well financed Canadian-based Junior Gold Company with Solid Management. Significant Insider Ownership (13%) demonstrating confidence in the projects.
- Operations in mining friendly Guyana, part of the well known Guiana Shield. The region comprises of 3 major greenstone belts with future resource potential.
- Estimated Life of Mine Operating Cash Costs of US$364/oz in comparison to an industry average of US$500/oz.
- Environmental & Social impact risk low according to technical assessments. Involvement (~4.5% ownership stake) of IFC (International Finance Corporation) of the World Bank Group mitigates political risks. History of successful permitting for mines with IFC involvement.
N.B. Complete report available on request
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