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:

"Guyana Goldfields Inc. has a chart that looks like a textbook case of a successful Golden Runway, the moderate-risk middle of the life cycle, as a company ramps up from the boring engineering phase to production." read more >

Jamie Spratt, Clarus Securities (5/2/17)
"Guyana Goldfields Inc.'s Q1/17 cash flow per share of $0.13 was ahead of our estimated $0.09 and consensus of $0.12 due to lower operating costs and cash taxes. . .we see potential for upside to our modeled estimates as the company transitions from rental equipment to owned equipment and with the use of bulk emulsion explosives. Both are expected to be completed by Q2/17 and are expected to lower the cost profile."

Jamie Spratt, Clarus Securities (4/12/17)
"Guyana Goldfields Inc.'s Q1/17 production of 41 Koz was ahead of our estimated 34 Koz due to higher tons processed. . .we are encouraged by the ramp-up in throughput which is 20% ahead of the plant capacity of 5,600 tpd. . .we expect a steady increase in throughput and production over the year." (3/27/17)
"Today we have identified some Toronto Stock Exchange gold mining stocks that have the highest operating margins. . .by investing in companies with the leanest operations and all-in sustaining costs, investors have the best protection in the industry against declining prices, but also benefit from the rising bullion price. One of the five companies is Guyana Goldfields Inc."

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."

More Expert Comments

Experts Following This Company

Andrew Breichmanas, Analyst Equity Research Mining – BMO Capital Markets
Louis James, Editor – Casey Research
Stuart McDougall, VP Research Analyst – Jennings Capital
Phil Russo, Research Associate – Raymond James
Jamie Spratt, Analyst – Clarus Securities

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