Guyana Gold Fields which will launch its operations in 2015 recently announced that its feasibility study has indicated that the Aurora gold property mining operation will be able to produce in excess of 3 million ounces of gold--at today's price($1680/oz)---that's over $US5 billion. In response to Guyana gold field's announcement, vice chairman of the AFC, Moses Nagamootoo, questioned the veracity of the feasibility study conducted by Guyana goldfields---Moses claims that Guyana goldfields only wants to make the PPP look good--and he doubts there is any significant gold at the Aurora property---good news for Guyana and Guyanese is bad news for Moses and the AFC--3 million ounces of gold--US5 billion dollars--that is horrible news for Moses and the AFC.
READ MORE:
THE operationalising of the multi-million-dollar Guyana Gold Fields mining investment will not pose any threat to small miners, according to Minister of Natural Resources and the Environment, Robert Persaud. The company is set to launch its operations in 2015.
βThere is absolutely no threat. This is an area that the investors, and the company have so there will be no displacing of small miners,β the minister said.
|