Guyana Goldfields in big ticket purchases for mine

Canadian gold mining company Guyana Goldfields has begun purchasing equipment for its Aurora gold mine and expects to award construction contracts for several key facilities within the next 30 days.

In a statement yesterday, the company said that it has entered into an agreement to purchase one 5.5 MW SAG mill as its primary grinding solution for the initial milling facility. “The purchase of this key long lead time item is a significant milestone in the development of the Project. The mill is designed for an initial throughput of 5,000 tpd (tonnes per day) expanding to 10,000 tpd in the third year after the commencement of underground production. A ball mill will be added in order to facilitate the expansion and the additional throughput. The purchase price of the SAG mill including motors and spares is approx. US$ 6.3 Million (including freight) and the anticipated delivery time to Guyana is approx. 46 weeks,” the company said.

The statement said that the company has also purchased a fully-equipped and self-contained camp which meets near term requirements for construction. The camp was purchased for approximately US$3 million (including freight) and the anticipated delivery time to Guyana is approximately six weeks. “The company is currently evaluating options fo