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Omai Gold Mine Revival in Guyana | Guyana News
Omai Gold Mines is reviving its historic Guyana operation with a bold new plan to extract over six million ounces of gold over 18 years from the Wenot and Gilt deposits, averaging 350,000 ounces annually—with peaks hitting 435,000. Backed by updated resource estimates totaling eight million ounces, the project promises $4 billion in net present value at $3,600/ounce, scaling with gold prices. CEO Elaine Ellingham emphasizes transformative economic impact: $1.4 billion investment, 1,500–2,000 construction jobs, 900 long-term roles, and local business opportunities. With five rigs still…
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