Gold Resource Development
Search documents
Omai Gold Mines (OTCPK:OMGG.F) 2025 Conference Transcript
2025-11-11 12:02
Summary of Omai Gold Mines Conference Call Company Overview - **Company**: Omai Gold Mines (OTCPK:OMGG.F) - **Date of Conference**: November 11, 2025 - **Speaker**: Jason Brewster, VP of Operations and Technical Services Key Highlights - **Mineral Resource Update**: Omai Gold Mines reported a total of **6.5 million ounces** of gold across two deposits: the **Wenot deposit** (4.7 million ounces, open pit) and the **Guilk Creek deposit** (1.8 million ounces, underground) [2][3] - **Resource Increase**: This represents a **96% increase** from the previous resource estimate, with an addition of **2.2 million ounces** in one year of drilling [3] - **Preliminary Economic Assessment (PEA)**: The base case PEA conducted in April 2024 indicated a **13-year mine life** with a **Net Present Value (NPV)** of **$560 million** at a gold price of **$1,950** [4] Operational Insights - **Drilling Activities**: Over **30,000 meters** of drilling completed this year, with expectations to reach **40,000 meters** by year-end [5] - **Funding Status**: The company raised **CAD 40 million**, bringing total funds to approximately **CAD 59 million** (or **$41 million USD**) [5] - **Shareholder Structure**: Approximately **718 million shares** outstanding, with no single shareholder holding more than **10%** [7] Geological and Infrastructure Advantages - **Brownfields Site**: The project benefits from existing infrastructure, including road access and an old tailings facility with a capacity of **100 million tons** [4][12] - **Location**: Situated in the **Guyana Shield**, close to the **Eagle Mountain deposit**, with ongoing infrastructure improvements due to the oil sector's growth [9][10] - **Government Support**: Guyana ranked as the **9th** top mining investment jurisdiction globally, with active government efforts to boost mining investments [10][11] Exploration and Future Plans - **Exploration Targets**: Ongoing drilling at near-surface satellite deposits to enhance project economics [3][13] - **Updated PEA**: An updated PEA is in progress to include all **6.5 million ounces** of the deposit [18] - **Geological Findings**: High-grade intersections found at depth, indicating potential for further resource expansion [15][17] Market Context - **Gold Price Trends**: Historical gold prices during the previous production period averaged **$375**, with significant profitability even at lower prices [6] - **Economic Growth**: Guyana is projected to have the highest GDP per capita in the world by **2027**, which may positively impact mining operations [10] Conclusion Omai Gold Mines is positioned for significant growth with a robust resource base, strong funding, and favorable geological and infrastructural conditions. The ongoing exploration and updated economic assessments are expected to further enhance the company's value proposition in the gold mining sector.
VIDEO - Maple Gold Mines: District-Scale Gold Opportunity in the Heart of Québec
Newsfile· 2025-11-03 17:00
VIDEO - Maple Gold Mines: District-Scale Gold Opportunity in the Heart of QuébecNovember 03, 2025 12:00 PM EST | Source: CEO ClipsVancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G0) - With an established, multi-million-ounce gold resource at its Douay project and a past-producing, high-grade gold mine at its Joutel project, the company is advancing exploration and development with modern insights on an underexplored 48 ...
Opus One Gold Obtains 3.79 g/t Gold Over 6.7 m at 57 m From Hole NO-25-03 on its Zone 1 Gold Discovery, Noyell Project
Globenewswire· 2025-05-21 13:00
NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) -- Opus One Gold Corp (TSX-V: OOR) (the "Company" or "Opus One") is pleased to announce that drill hole NO-25-03 from the winter drilling program on its 100% owned Noyell project near the town of Matagami, Abitibi, Québec, Canada, returned 3.79 g/t Au over 6.7 m from 57.2 to 63.9 m. The mineralized interval represents a true width of approximately 5.26 m within the Zone 1 structure ...