Latest update June 15th, 2025 12:35 AM
Apr 04, 2014 News
The country’s next large-scale gold mine has started to advertise for workers, yesterday announcing at least 25 new positions.
Canadian-owned Guyana Goldfields Inc., in an advertisement in Stabroek News, said it has started the development of the Aurora Mine Project in the Cuyuni River, Region Seven.
It will involve the construction of a processing plant, an open pit mine, tailings and water retention/control structures and other infrastructure.
The project, according to the company, will take approximately two years to engineer, procure, contract, construct and commission.
The company is looking to ensure that operations will be strategically placed so that ocean transport of materials and equipment will be easier. As a result, the development of a port facility at Buck Hall and overland transport of approximately 175 kilometres is also on the cards along with a river ferry.
Among the openings available will be for accountants, masons, heavy duty mechanics and operators, welders, nurses, warehouse personnel, carpenters and sawmill operators.
Vacancies will also exist for plumbers, auto electricians, logistics officers and a camp service manager.
The Aurora Gold Project was scheduled to reach commercial production by mid-2015 but this may be delayed with construction.
The mine plan for the project is designed to produce 3.29 million ounces of gold, averaging 194,000 ounces per year, over an initial 17-year mine life.
During the last quarter of 2013, the company announced that it will be investing up to US$250M in the project. Already, almost US$10M was spent on its campsite and a mill.
The project is being viewed as a significant one by Government after the last large-scale operator, Omai Gold Mines, closed its facilities in Region Seven, a few years ago.
Since then, it was the medium and small scale miners that have been carrying production.
Amidst high gold prices, the industry recorded its highest performance last year with production reaching over 481,000 ounces, earning almost US$650M. The performance had placed gold way ahead of rice and third-place sugar in terms of foreign earnings.
Despite an almost US$600 drop in price last year, gold still remains a highly attractive investment, stealing workers from other sectors as Guyana recorded a boom in the last few years.
More than 4,000 excavators, costing at least $30M each, are now in operation in the hinterland gold fields.
A number of other projects have been issued large-scale concessions with the aim to development mines.
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