Canadian exploration company Sacre-Coeur Minerals (SCM) is producing “some low-cost gold” from its alluvial operation in Guyana, with annual proceeds in the millions of dollars, according to a report by Prime Equity Research.
The Vancouver, Canada-based company is looking to produce between 6,000 to 8,000 ounces of gold this year from its Cuyuni/Mazaruni operation, which would be worth between US$8 to $10 million. It also hopes to start a mine in the third quarter of next year. SCM had reported last year that for September 2012, it had produced and sold almost 597 troy ounces of gold, yielding US$986,373 in gross sales from its alluvial gold operations in Guyana. In March 2011, the company had said that it had started
