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Last C$3.63 CAD
Change Today +0.02 / 0.55%
Volume 422.0K
GUY On Other Exchanges
GUY is not on other exchanges.
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

guyana goldfields inc (GUY) Snapshot

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52 Week High
07/14/15 - C$4.15
52 Week Low
11/5/14 - C$2.15
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Current Stock Chart for GUYANA GOLDFIELDS INC (GUY)

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guyana goldfields inc (GUY) Details

Guyana Goldfields Inc., a mineral exploration company, engages in the exploration and development of gold deposits in Guyana, South America. It owns a 100% interest in the Aurora gold project located in Guyana. The company is headquartered in Toronto, Canada.

593 Employees
Last Reported Date: 02/19/15

guyana goldfields inc (GUY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$623.4K
Founder and Executive Chairman
Total Annual Compensation: C$455.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$440.6K
Chief Operating Officer
Total Annual Compensation: C$466.7K
Vice President of Exploration and Director
Total Annual Compensation: C$262.5K
Compensation as of Fiscal Year 2014.

guyana goldfields inc (GUY) Key Developments

Guyana Goldfields Inc. Commences Mill Commissioning; Provides Production Guidance for the Full Year of 2015 and 2016

Guyana Goldfields Inc. announced that the mill commissioning process has commenced and the Aurora Gold Project remains on track for projected initial gold production in mid-2015. The company will continue the commissioning phase during the second quarter of this year and is in the process of completing the remaining piping, electrical and surface conveyor construction. GGI is on track to start-up the gravity gold and saprolite production circuits for mid-2015 which would allow for earlier gold production (pre-commercial production) through the processing plant. The commissioning and startup of the hard rock crushing circuit is projected to be completed in the third calendar quarter of 2015. The mining fleet is fully operational and all materials required for construction are on site. All surface and on-site construction and bulk earthworks are completed except for the river dike and runway expansion. The company is currently operating at peak construction and manpower levels with over 1,000 personnel at site. The operational readiness team has been hired and undergoing initial training. The company expects to produce between 30,000 ounces to 50,000 ounces of gold in 2015 and approximately 120,000 ounces to 140,000 ounces of gold in 2016.

Guyana Goldfields Appoints Wendy Kei to the Board of Directors

Guyana Goldfields Inc. appointed Ms. Wendy Kei to its Board of Directors effective immediately. Ms. Kei previously served as Chief Financial Officer of Dominion Diamond Corporation (formerly Harry Winston Diamond Corporation and Aber Diamond Corporation).

Guyana Goldfields Inc. to Provide a General Corporate Update on Aurora Gold Project Located in Guyana

Guyana Goldfields Inc. announced to provide a general corporate update on the construction progress of its 100%-owned Aurora Gold Project located in Guyana, South America. GGI will begin phased commissioning of its gold processing plant in mid-2015, which includes the semi-autogenous grind mill and gravity circuit. Full plant mechanical completion is anticipated in the third quarter of 2015. GGI is targeting a three-month timeframe to reach commercial production which is estimated in late third quarter of 2015. The Company expects to produce between 30koz to 50koz of gold in 2015. First full year of gold production will be 2016. Plant construction has been focused on the installation of critical plant components to support the phased commissioning plan. Key operating systems include the saprolite feed system, the SAG mill and gravity circuit, followed by carbon in leach (CIL) tanks, gold room and effluent treatment systems. Commissioning includes power generation, water and air support systems. All bulk earthworks on the plant platforms and dam and water retention structures are complete. Clearing of the Rory's Knoll open pit has defined the pit outline with excavation below river level with no in-flow of water, as expected. All major material and equipment are on site and undergoing final assembly and installation. Overall, Project construction is approximately 80% complete with the Company now focusing on operational readiness and upcoming commissioning.


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