G Mining buys Metso process equipment for Guyana gold project


Staff reporter

Top image :
Oko West gold camp in Guyana

Canadian gold company G Mining Ventures has ordered about US$34 million worth of crushing and milling equipment from Metso for its circa-$1 billion Oko West gold project in Guyana.

Metso said the order also included apron feeders, a high-rate thickener and its proprietary mill wear liners.

G Mining last month delivered a definitive feasibility study on Oko West which said Oko West would average 350,000 ounces a year at an AISC of $1123/oz for more than 12 years. The project, about 95km west of Georgetown in northwest Guyana, is south of the historically significant Oko gold district.

Metso said its agreement with G Mining leaves open options for the supply of additional process equipment as the project progresses.

G Mining also has the producing Tocantinzinho gold mine in Brazil.

The Toronto-listed company has a market capitalisation of about C$4.55 billion.

 

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