Minister with responsibility for Natural Resources, Raphael Trotman and Minister of Public Infra-structure David Patterson on Tuesday visited Sand-spring Resources Limited’s proposed mine at Toroparu, Region Seven and pronounced themselves pleased with the company.
Earlier this year, the Canadian mining company announced that it had put off completing a feasibility study for its proposed large-scale gold mine at Toroparu, Upper Puruni River as a result of uncertainty in the gold market. The company’s Toroparu Gold Project in Region Seven was one of three large-scale mines including Troy Resources Limited and Guyana Goldfields who were set to open mines and begin gold production this year. Troy Resources and Guyana Goldfields have moved ahead with their plans and have begun production while Sandspring cited the uncertainty in the gold market and challenges in raising capital for the deferral of its feasibility study.
In a statement in February, the company had said that it is undertaking a series of steps to enhance its ability to
