Guyana Goldfields Inc. today announced fourth quarter and full year 2019 production and anticipated ore supply gap. Highlights Q4 2019 gold production of 28,3001 ounces, up 28% from Q3 2019 but down 28% from Q4 2018; 2019 annual production of 124,2001 ounces, down 17% from 2018 Unaudited cash and cash equivalents of US$22.1 million and no debt as [...]
Guyana Goldfields Inc. is pleased to announce the appointment of Mr. Alan Pangbourne as the Company's President and Chief Executive Officer , effective January 1, 2020. Mr. Pangbourne will succeed Mr. Allen Palmiere, a director of the Company who was appointed Interim CEO in late July 2019 until the Company could complete its search for a permanent [...]
Guyana Goldfields Inc. announces its financial and operating results for the third quarter ended September 30, 2019. Senior management will host a conference call tomorrow, Thursday, October 31, 2019 at 10:00 am ET to discuss the results and details of the call can be found at the end of this release. All amounts are expressed in U.S. dollars [...]
Guyana Goldfields Inc. announces that AGM Inc , a wholly-owned subsidiary of the Company, received notice that a traffic fatality occurred yesterday involving a driver employed by Trail Boss Interior Trucking Services Inc., locally contracted by AGM to transport fuel to its Aurora Mine. At the time of the accident, the vehicle was transporting [...]
Guyana Goldfields Inc. announces that it will release its Q3 2019 financial and operational results after market close on Wednesday, October 30, 2019. A conference call will be hosted by senior management on Thursday, October 31, 2019 at 10:00 am ET. Conference Call Details: Date: Thursday, October 31, 2019 Time: 10:00 am ET Conference ID: 68916682 [...]
Guyana Goldfields Inc. today announced that AGM Inc , a wholly-owned subsidiary of the Company, received a Trade Union Certificate of Recognition from the Trade Union Recognition & Certification Board identifying The National Mine Workers Union as the majority union for workers employed at AGM in Guyana. The NMWU is the bargaining unit that will [...]
Guyana Goldfields Inc. announces that, effective at the close of business on July 31, 2019, Scott Caldwell will step down as the Company's President and Chief Executive Officer and as a director of the Company. Mr. Caldwell joined the Company as a director in 2012 and has been President and CEO since 2013. Mr. Caldwell was instrumental in building [...]
Summary Gold production of 37,300 ounces amounting to 74,000 ounces of gold produced in the first half of 2019, in line with the annual production guidance range of 145,000 to 160,000 ounces of gold. Gold sales of 38,300 ounces at a total cash cost ¹ of $746 per ounce of gold sold representing a 13% reduction from the comparable quarter in [...]
Guyana Goldfields Inc. is pleased to announce the appointment of Mr. Leon Binedell as Chief Financial Officer effective August 26, 2019. Mr. Binedell brings to the Company over 23 years of global mining experience as a senior finance leader with a strong focus of driving value to the business. Until recently, Mr. Binedell was the Finance Director [...]
Second Quarter 2019 Summary Second quarter gold production of 37,300 ounces amounting to 74,000 ounces of gold produced in the first half of 2019, on track to achieve the 2019 production guidance range of 145,000 to 160,000 ounces of gold. Mining rate averaged 57,710 tonnes per day, a 45% increase in the mining rate compared to the previous year [...]
Guyana Goldfields Inc. announced today that the work stoppage at its Aurora mine that began on July 2 has ended. Employees are starting to return to work in a phased approach to ensure orderliness and full production is anticipated to resume shortly. As a result of the 3 operational days lost, the Company estimates that approximately 22,500 tonnes [...]
Guyana Goldfields Inc. announces a wildcat work stoppage occurred yesterday at the Aurora Mine in Guyana, South America. A portion of the workforce employed by the Company's wholly owned subsidiary, AGM Inc. , has blocked delivery of ore to the mill. As a safety precaution, the Company has decided to temporarily suspend operations until a [...]
