Guyana Goldfields Commits to Developing Aurora Gold Project

摘要

Guyana Goldfields Board of Directors has approved a $238 million expenditure to bring the company's Aurora gold project in northern Guyana into commercial production. Mine planning calls for production of 3.29 million oz of gold over an initial 17-year mine life at an operating cash cost, including royalty, of $527/oz. The capital expenditure for the Aurora project is contingent on successful completion of project financing and other approvals, which the company expects to finalize by the second quarter of 2014. The project is fully licensed and permitted. The infrastructure build is already in progress.