Guyana Goldfields Inc
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Gran Colombia terminates bid for Guyana Goldfields
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has walked away from its proposed acquisition of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) and terminated its plan of arrangement for a three-way merger with Gold X Mining (TSXV: GLDX; US-OTC: SSPFX). Gran Colombia had envisioned creating a…
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Silvercorp amends Guyana merger terms with improved offer
TORONTO – Silvercorp Metals and Guyana Goldfields have agreed to amend the terms of their merger arrangement, which would see Silvercorp making a significantly higher offer than the previously announced $105 million deal. The parties came to a new agreement following receipt…
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GOLD: Gran Colombia proposes merger with Gold X, Guyana Goldfields
TORONTO – Producer Gran Colombia Gold has announced that it has signed a definitive agreement for a business combination with Gold X Mining. The company has also submitted a proposal to acquire Guyana Goldfields in an all-share deal, which, on…
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MINING PEOPLE: Asanko, Compass Gold, Ivanhoe, Premier Gold Mines, Unigold
David Sidoo resigned as a director of Advantage Lithium; Sidoo was a founding shareholder of the company. Gordon Guiboche resigned as a director of Anglo-Bomarc Mines. John Lee Wong has been appointed the company’s president and to its board. Paul…
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MINING PEOPLE: Epiroc, Golden Star, Guyana Goldfields, and Maverix Metals
Swedish drilling powerhouse Epiroc AB has named Helena Hedblom its new president and CEO, a promotion from her previous role as senior executive VP mining an infrastructure. She is the holder of a MSc in material technology from the Royal…
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Guyana Goldfields’ reserves drop 43% with new deposit model
The amount of gold in proven and probable reserves at Guyana Goldfields’ (TSX: GUY) Aurora mine in Guyana has been lowered 1.69 million oz., compared with estimates a year ago, based on “a new and more appropriate mine model,” the company…
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MINING PEOPLE: Adventus, Guyana Goldfields, Nemaska Lithium, and Stornoway
Adventus Zinc Corp. has named Gunther Sotomayor its VP projects. He has over 30 years of experience including leadership of technical and project development teams. He holds a BSc degree in mechanical engineering from the University of Witwatersrand, Johannesburg and…
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Guyana Goldfields cuts production guidance at Aurora
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine. The company has hired engineering…
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GOLD: Guyana Goldfields increases equity offering to $130M
GUYANA – Toronto-based Guyana Goldfields has increased its public offering to $130 million through the sale of 13.83 million shares priced at $9.40 each. The underwriters, let by BMO Capital Markets, Scotiabank and RBC Capital Markets, will purchase 12.83 million…
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Guyana Goldfields nears first gold production at Aurora
Guyana Goldfields (TSX: GUY) is gearing up to start production at its Aurora gold project in Guyana in the coming weeks, which will make it the newest gold producer in the South American nation.
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MINING PEOPLE: Golden Minerals, Guyana Goldfields, and Montan Mining
Golden Minerals Co. of Golden, CO, has promoted Warren Rehn to president, replacing Jeffrey G. Clevenger who continues to serve as chairman and CEO.
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GOLD: Guyana Goldfields raises $185M for Aurora project
GUYANA – Guyana Goldfields of Toronto has signed a credit agreement that gives it US$185 million with which to complete its Aurora gold mine on the Cuyuni River. The project is now fully funded.
