Canadian gold mining company Guyana Goldfields has pushed back the date for the expected start of production at its Aurora mine and also announced several new revisions in its updated feasibility study including a reduction of the cost to build the mine as it scaled back plans.
In a statement yesterday, the company announced that its Aurora Gold project will cost US$205 million to build, less than half an earlier estimate of US$525 million for a mine with a life of 22 years and total production of nearly 4.4 million ounces of gold.
The new mine plan calls for production of 3.29 million ounces of gold over
