Construction of the largest ever gold mine in Guyana with total investment pegged at $165 billion (US$826 million) over the life of the project is set to begin in the latter part of this year.
The Aurora Project by Canada-based Guyana Goldfields Inc will be the first underground gold mine in the Guiana Shield. Production is set to begin in 2014 at the location along the banks of the Cuyuni River in Region Seven. “We believe that this will be the largest foreign investment in Guyana in the mining sector,” said Claude Lemasson, the President and Chief Operating Officer of Guyana Goldfields during a presentation at the Pegasus Hotel last evening.
“We believe that the Aurora Project is progressing
