Toroparu mine

Toroparu mine
Location
Toroparu mine is located in Guyana
Toroparu mine
Toroparu mine
RegionCuyuni-Mazaruni
CountryGuyana
Coordinates6°27′02″N 60°03′11″W / 6.45051°N 60.05317°W / 6.45051; -60.05317
Production
ProductsGold
Owner
CompanyGold X Mining
Websitehttps://goldxmining.com/

The Toroparu mine is estimated to be one of the largest gold mining projects in Guyana. The mine is located in the north-west of the country in Cuyuni-Mazaruni.[1][2] The mine has estimated reserves of 6 million oz of gold.[2]

Gold X Mining, (formerly Sandspring Resources[3]) has plans develop three open-pit mines with a mine life of 22 years (per 2019 estimate) with possible mining of copper and silver. The company has invested more than US$150 million to discover and delineate its gold mineral resources,[4] as well as to complete engineering and environmental studies, including a 225 km road from Georgetown to make the mine accessible completed in 2003.[5] The company has a Memorandum of Understanding with the government of Guyana for plans to develop a hydropower plant at the Kumarau Falls on the Kurupung River.[6][7]

The company anticipates the government of Guyana will issue their mining license in 2021 after a final feasibility study.[8]

See also

References

  1. ^ "Toroparu Project (Sona Hill), Pomeroon-Supenaam Region, Guyana".
  2. ^ a b "Toroparu Gold Mine" (PDF). sandspringresources.com. 2013. Retrieved 2013-06-24.
  3. ^ "Ministers inspect Canadian gold explorer's site at Toroparu". Stabroek News. 2015-11-12. Retrieved 2020-12-06.
  4. ^ "Canadian company on fast track to begin gold mining here". Stabroek News. 2020-05-06. Retrieved 2020-12-06.
  5. ^ Saywell, Trish (2019-06-10). "Sandspring fine-tunes strategy at Toroparu in Guyana". The Northern Miner. Retrieved 2020-12-05.
  6. ^ "Canadian mining company finalising preliminary assessment for Toroparu gold mining project". Stabroek News. 2019-04-28. Retrieved 2020-12-06.
  7. ^ GTIMES (2018-03-11). "Int'l mining companies promise large investments in Guyana". Guyana Times. Retrieved 2020-12-06.
  8. ^ "Gold X Mining Commences Definition Drilling and Resource Expansion Program at the Toroparu Gold Project". MarketWatch. Retrieved 2020-12-05.