Details of the new Omai gold mine in Guyana were presented by the president of Cambior at a recent luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum in Toronto.
Louis Gignac said the development cost of the South American mine, which reached commercial production in mid-January, came in slightly under budget at $171.7 million.
Val d’Or, Que.-based Cambior has a 65% interest in the mine, Golden Star Resources 30%, and the government of Guyana 5%.
Cambior, which has interests in producing properties in Quebec and Alaska and in exploration projects in Canada, the U.S., Mexico and Chile, is projecting total gold output of 600,000 oz. for 1993. During the first quarter, it produced almost 107,000 oz.
Be the first to comment on "Gignac details Omai operations"