Guyana Goldfields Files Positive Technical Report for Aurora

Mining Weekly reported that Guyana Goldfields filed a positive technical report with for its Aurora gold project in Guyana.

As quoted in the market report:

The report had found the project to hold an estimated after-tax-and-royalties net present value of $800-million at a 5% discount when using a gold price of $1 300/oz. The after tax and royalties internal rate of return is 38% when using the same parameters and the mine has an expected price tag of $205-million.

To view the whole Mining Weekly report, click here.