Omai's Guyana Gold Project Valued at $4 Billion in New Economic Study

Omai Gold Mines' Guyana gold project has been valued at $4 billion in a new economic study, more than double its estimated costs. The preliminary economic assessment (PEA) assumes a gold price of $3,600 per oz. and gives the project a net present value (NPV) of $4 billion at 5% discount.

The PEA outlines a 24% internal rate of return (IRR) and a 4.1-year payback period for the past-producing project that could mine 6.3 million oz. of gold over an 18-year life.

National Bank of Canada analyst Rabi Nizami said, 'The study validates a globally relevant scale and long-life production profile...'