Canadian-based company to invest US$238 million in Guyana’s mining sector.

Prime Minister Samuel Hinds addressing signing ceremony (GINA Photo)

GEORGETOWN, Guyana, Thursday December 12, 2013, CMC – The Canada-based Guyana Goldfields says it is investing US$238 million in the Aurora Gold Project as the government said it was looking forward to large scale gold production by the company during the first quarter of 2015.

Prime Minister Samuel Hinds, welcoming the second largest investment in the mining sector, said as a country, “we have to open to the world.…we have to partner with the world,” particularly given the potential size of the multimillion-dollar investment.

Guyana Goldfields Inc. focuses on the exploration and development of gold deposits here and Hinds said that the experience, expertise and technologies which the investors were bringing into the country would have been difficult source locally. Read more: