Canadian mining company Guyana Goldfields remains on track to start gold production at its Aurora Gold Project by mid-year and expects to produce between 30,000 to 50,000 ounces of gold in 2015.
“Construction activities at Aurora are in full gear and progressing on schedule and on budget with first gold production on track for mid-2015,” the company said in a statement while noting that as of December 31 last year, it had incurred US$172 million of the approved budget of US$249 million, with US$77 million remaining in capital expenditures in order to reach commercial production.
The company is currently spending approximately US$10 million on a monthly basis. According to the
