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Guyana Goldfields Inc (GUY.TO)

GUY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Guyana Goldfields sees 2017 gold production 160,000 -180,000 ounces
Monday, 9 Jan 2017 07:30am EST 

Guyana Goldfields Inc : Guyana Goldfields -well positioned to grow near-term production, ramp up exploration with unaudited cash balance of about US$70mln at end of year . Guyana Goldfields Inc sees 2017 gold production 160,000 ounces -180,000 ounces . Sees all-in sustaining cost $775-$825 per ounce for 2017 .Guyana Goldfields Inc - due to mine sequencing gold production is expected to be slightly higher in second half of 2017 relative to first half.  Full Article

Guyana Goldfields Inc successfully completes debt restructuring
Wednesday, 21 Dec 2016 07:30am EST 

Guyana Goldfields Inc : Guyana Goldfields Inc successfully completes debt restructuring . Guyana Goldfields Inc says reduced its debt by 50% to $80 million over course of 2016 and is expected to end year with a cash balance of $64 million . Guyana Goldfields says estimates annual cost savings of new operating facility will amount to approximately $4.5 million per year over course of new facility . Guyana Goldfields says upon completion of restructuring, one-time, non-cash charge of $8 million will be applied to fully expense deferred financing costs in Q4 .Charge expected to adversely affect that quarters earnings per share with no effect on cash flow.  Full Article

Guyana Goldfields reports Q3 earnings per share $0.05
Thursday, 10 Nov 2016 05:54pm EST 

Guyana Goldfields Inc - : Remains well on track to meet its 2016 production and cash cost (before royalty) guidance . Guyana Goldfields Inc quarterly earnings per share $0.05 . Q3 revenue $44.4 million . Maintaining its 2016 production guidance of 140,000 to 160,000 ounces of gold . Q3 earnings per share view c$0.09 -- Thomson Reuters I/B/E/S . Expects to expand Aurora gold mine in 2017 to increase milling capacity from 5,000 tpd to 8,000 tpd . In negotiation with its lenders regarding level of debt reduction in conjunction with restructuring of current project facility .Guyana Goldfields Inc reports third quarter 2016 results; produced 34,400 ounces of gold with cash costs of $499/OZ.  Full Article

Guyana goldfields reports Q2 EPS of $0.05
Thursday, 11 Aug 2016 04:15pm EDT 

Guyana Goldfields Inc : Guyana Goldfields inc. Reports second quarter 2016 results; sold 36,585 ounces of gold generating $11.6m in free cash flow and net earnings of $0.05 per share . Q2 earnings per share $0.05 . 2016 production guidance increased to 140,000 to 160,000 ounces of gold . For quarter sold 36,585 ounces of gold at average realized gold price of $1,269/ounce, generating gross Q2 revenues of $46.4 million . Q2 earnings per share view C$0.08, revenue view c$51.6 million -- Thomson Reuters I/B/E/S .Says all-in sustaining cost guidance for 2016 was increased from $637 to $687 per ounce to $670 to $720 per ounce.  Full Article

Guyana Goldfields announces C$110 million bought deal financing
Monday, 27 Jun 2016 07:36am EDT 

Guyana Goldfields Inc : Guyana Goldfields Inc announces C$110 million bought deal financing . Guyana Goldfields Inc says company estimates that gold production through June 30, 2016 will total approximately 75,000 ounces at its Aurora Mine . Net proceeds of offering to be used to fund expansion of Aurora gold mine to increase capacity to 8,000 tonnes per day . Guyana Goldfields Inc says company is increasing its 2016 production guidance to 140,000 to 160,000 ounces . Says underwriters to buy on a bought deal basis by way of a short form prospectus, 10.7 million common shares from co . Guyana Goldfields says underwriters to buy on bought deal basis by way of a short form prospectus, 1 million common shares from Patrick Sheridan, founder . Guyana Goldfields Inc says entered into agreement with syndicate of underwriters led by BMO Capital Markets, Scotiabank and RBC Capital Markets .All-In sustaining cost (AISC) guidance for 2016 has been increased from US$637 to US$687 per ounce to US$670 to US$720 per ounce.  Full Article

Guyana Goldfields Inc Q1 shr $0.04
Monday, 9 May 2016 07:00pm EDT 

Guyana Goldfields Inc : Qtrly net earnings per share of $0.04 . Says believes it will achieve its production guidance for 2016 of approximately 130,000 to 150,000 ounces of gold .Guyana Goldfields Inc. Reports first quarter 2016 results; sold 40,568 ounces of gold generating $18m in free cash flow.  Full Article

Guyana Goldfields Inc reaffirms FY 2015, 2016 guidance
Tuesday, 4 Aug 2015 07:30am EDT 

Guyana Goldfields Inc:Says that it expects to produce between 30,000 ounces to 50,000 ounces of gold in FY 2015 depending on how quickly full ramp-up is achieved, and about 120,000 ounces to 140,000 ounces of gold in 2016.  Full Article

Guyana Goldfields Inc gives FY 2015, 2016 gold production guidance
Wednesday, 27 May 2015 07:30am EDT 

Guyana Goldfields Inc:Expects to produce between 30,000 ounces to 50,000 ounces of gold in FY 2015 and about 120,000 ounces to 140,000 ounces of gold in FY 2016.  Full Article

BRIEF-Guyana Goldfields sees 2017 gold production 160,000 -180,000 ounces

* Guyana Goldfields -well positioned to grow near-term production, ramp up exploration with unaudited cash balance of about US$70mln at end of year