Guyana Goldfields Inc’s (GGI) gold output for the first quarter of this year was 23% less than the corresponding period last year and it has also announced the demobilisation of its open pit contractor, Stracon of Peru.
In a filing in Canada on April 29 in relation to its annual disclosure documents for 2019 and for the first quarter of 2020, GGI said that gold output at the Company’s Aurora mine in Cuyuni/Mazaruni totalled 28,100 ounces in the first quarter of 2020, in line with the fourth quarter of 2019 (28,300 ounces) but down 23% from 36,600 ounces in the first quarter of 2019.
GGI’s filing came just days after the disclosure on April 26 that Canadian silver miner Silvercorp Metals Inc is buying the company in a CDN$105m deal.
