Omai Gold Mines Corp. (TSE:OMG) has released an update.
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Omai Gold Mines Corp. has unveiled promising Preliminary Economic Assessment (PEA) results for their Wenot Open Pit Project in Guyana, forecasting an after-tax Net Present Value (NPV) of $556 million and an Internal Rate of Return (IRR) of 19.8% at a gold price of $1,950/oz. The assessment projects a 13-year mine life with an annual gold production average of 142,000 ounces, and a total of 1.84 million ounces of payable gold. The company’s president, Elaine Ellingham, expressed confidence in the project’s potential to reinstate Omai as a significant gold producer, citing the additional upside from the adjacent Gilt Creek Deposit and other high-grade zones.
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