Bidding war heats up for Guyana Goldfields
Takeover target Guyana Goldfields (TSX: GUY) said it has received a proposal from a “foreign-based multinational miner” valuing the company at $323 million (US$240 million), which is 35% higher than…
Guyana Goldfields Inc
TSX rises, May 25-29: Endeavour Mining, Yamana, RTG Mining, Guyana Goldfields
The S&P/TSX Composite Index rose 1.87% to 15,192.80 during the May 25-29 trading week. The S&P/TSX Global Mining Index fell 2.49% to 86.50 and the S&P/TSX Global Base Metals Index…
Guyana Goldfields rejects Gran Colombia merger offer, supports Silvercorp bid
Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has rebuffed an unsolicited proposal from Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) for an all share, three-way merger that includes Gold X Mining…
Gran Colombia proposes merger with Guyana Goldfields following Silvercorp bid
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has emerged as the latest suitor eyeing Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) in a recently tabled three-way merger proposal that includes its…
Guyana Goldfields plummets after major quarterly miss
Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western…
Sandspring fine-tunes strategy at Toroparu in Guyana
When American businessmen Rich Munson and John Adams made their first trip to Guyana as private investors in 1999 and picked up the rights to the 626 sq. km Toroparu…
Guyana Goldfields’ reserves drop 43% with new deposit model
The amount of gold in proven and probable reserves at Guyana Goldfields’ (TSX: GUY) Aurora mine in Guyana has been lowered 1.69 million oz., compared with estimates a year ago,…
Sandy Lake’s Pat Sheridan back in Guyana
Less than two weeks after being appointed executive chairman and CEO of Sandy Lake Gold (TSXV: SLAU), Patrick Sheridan has steered the Red Lake-focused junior towards several acquisitions in Guyana….
SolGold steps up drilling campaign in Ecuador
With US$90 million in the bank and plenty of ground still to explore, Brisbane-based SolGold (TSX: SOLG; US-OTC: SLGGF) has embarked on a 120,000-metre, 12-drill program at its Cascabel copper-gold…
Guyana Goldfields to accelerate production
VANCOUVER — Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has updated the mine plan at its flagship Aurora gold operation in Guyana, South America, that could boost its annual production profile to…
SolGold adds weight to Cascabel
VANCOUVER — Sitting quietly behind a table in Australian explorer SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) booth at this year’s Association for Mineral Exploration Roundup convention in Vancouver, a 10-year-old girl…
Guyana Goldfields restructures debt to boost financial flexibility
Guyana Goldfields (TSX: GUY) lightened its debt load just before the new year. Guyana Goldfields, which operates the Aurora gold mine in Guyana, has refinanced its US$160-million debt facility dated Sep….