Guyana Goldfields Inc.

Guyana Goldfields Inc. is a Canada-based gold producer with operations in Guyana, South America and is focused on the exploration, development, and production of gold deposits. The Company is focused on building a portfolio of high quality, low cost gold assets and owns 100% of the Aurora Gold Mine, a high-grade mine which started initial production in August 2015 and has a total gold resource of 6.54 million ounces in the measured and indicated categories (62.83 million tonnes at 3.24 g/t Au) as well as an additional 1.82 million ounces in the inferred category (16.93 million tonnes at 3.34 g/t Au). In addition, the Company holds advanced exploration projects and has been operating in Guyana continuously since 1996.

Expert Comments:

Jamie Spratt, Clarus Securities (2/24/17)
"Guyana Goldfields Inc.'s Q4/16 cash flow per share of $0.16 was ahead of our estimated $0.10 and consensus of $0.12 due to lower operating costs and lower cash taxes paid. . .gold recoveries averaged ~91% and head grades averaged 2.94 g/t."

Stuart McDougall, M Partners (2/24/17)
"Last night, Guyana Goldfields Inc. released Q4/16 financial results. . .cash flow per share came in at $0.16, essentially in line with our expectation for $0.15 (consensus was $0.12). . .at Dec. 31, the company had cash of $73.2M [and] working capital of $111.4M."

Jamie Spratt, Clarus Securities (2/6/17)
"The updated feasibility study for Guyana Goldfields Inc.'s Aurora project forecasts life-of-mine production of 220 Koz at an all-in sustaining cost of $747/oz at $1,200/oz gold. Overall, the study is in line with our expectation and continues to support Aurora as a long-life asset. . .the company provides a rare combination of a high-margin, long-life asset, gold price optionality, and mergers and acquisitions potential."

Jamie Spratt, Clarus Securities (1/10/17)
"Our thesis is that Guyana Goldfields Inc. provides a rare combination of a high margin, long life asset, gold price optionality and M&A potential. . .the stock trades at 1.05x P/NAV and 12.7x 2017E P/CF, ahead of peers trading at 0.95 x and 9.1x, respectively, and we believe the valuation largely reflects the positive features of the story. . .we have updated our model to reflect 2017 guidance which results in 10% higher production than our prior estimate, driving our target price higher to $6.25 per share (was $5.75)."

Stuart McDougall, M Partners (1/9/17)
"Guyana Goldfields Inc. released Q4/16 operational results, reporting production of 43,800 oz gold, beating our estimates by 14%. . .gross revenue also beat, coming in at US$54.8M on sales of 45,500 oz gold at an average realized price of US$1,204/oz."

Jamie Spratt, Clarus Securities (11/14/16)
"Guyana Goldfields Inc.'s Q3/16 results indicate continued progress with the ramp up of operations at Aurora. . .we expect the completion of a feasibility study for a plant expansion from the current ~5,000 tpd to 8,000 tpd by year end 2016. . .Our thesis is that GUY provides a rare combination of a high margin, long-life asset, gold price optionality and M&A potential."

More Expert Comments

Experts Following This Company

Don Blyth, Analyst – Paradigm Capital
Andrew Breichmanas, Analyst Equity Research Mining – BMO Capital Markets
Stuart McDougall, VP Research Analyst – Jennings Capital
Andrew Mikitchook, Analyst – M Partners
Phil Russo, Research Associate – Raymond James
Jamie Spratt, Analyst – Clarus Securities

The information provided above is from analysts, newsletters, the company and other contributors.

Guyana Goldfields Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.