Omai Gold Mines' Guyana Project Yields Impressive PEA Results

Omai Gold Mines (OMG:TSXV; OMGGF:OTCMKTS) released preliminary economic assessment results for its Omai Property in Guyana, projecting a life-of-mine payable gold production of approximately 6.327 million ounces over 18 years.

The study models an average annual rate of 351,488 ounces with a peak year reaching 435,667 ounces at the base-case gold price of US$3,600 per ounce.

At this price, the after-tax NPV5% reaches US$4.0 billion with a 24% IRR and 4.1-year payback, demonstrating substantial upside with current gold prices above US$4,000 per ounce.