Rebuilding the Success of One of South America’s Largest Gold Mines
Stock Code: TSX-V: OMG
(Listing Q4 2020)
Company Exposure: Gold
Project Locations: Guyana
Building a gold mine is no easy task. But when the property has existing infrastructure, drilling data, and historical core available, it makes getting a gold mine into production a little more efficient. Omai Gold Mines is rebuilding the success of Guyana’s world-famous Omai gold mine. The mine was once South America’s largest producing gold operation, producing 3.7 million ounces of gold over a 13-year mine life. Today, the project remains under-explored and rich in potential. With an average gold price more than 4x what it was when the mine was last in operation, Omai is a compelling spot to build the next great gold mine.
Investment Highlights
- Proven Deposit with Production During Low Gold Price Environment:
High grade open-pit Omai Gold Mine produced 3.7 million ounces of gold at 1.6 grams per tonne, while the average gold price was less than US$350 per ounce
- Established Infrastructure:
Including significant historical drilling and core database, roads, airstrip and ferry landing
- Under-Explored and High Grade:
Significant potential for near surface high-grade gold mineralization around the under-explored Fennell and Wenot pits, and new discoveries analogous to historic mines
- Located in Highly Prospective Guiana Shield:
First large gold mine in the Guiana Shield. Geological understanding of Omai and the Guiana Shield has since grown significantly
- Stable Mining Jurisdiction:
Guyana’s pro-mining government and stable Mining Act are attracting capital
- Environment:
Reclaimed by IAMGOLD and recent environmental testing confirms that the Omai Mine meets or exceeds International Environmental Standards of the International Finance Corporation (IFC) and the Canadian Council of Ministers (CCME)
