Toroparu mine

Last updated
Toroparu mine
Location
Guyana location map.svg
Schlaegel und Eisen nach DIN 21800.svg
Toroparu mine
Region Cuyuni-Mazaruni
Country Guyana
Coordinates 6°27′02″N60°03′11″W / 6.45051°N 60.05317°W / 6.45051; -60.05317
Production
Products Gold
Owner
CompanyGold X Mining
Website https://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. 1 2 "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.


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