OMGGFOMAI GOLD MINES CORP.
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About OMAI GOLD MINES CORP. (OMGGF)
OMAI GOLD MINES CORP. (OMGGF) is a Gold company headquartered in Toronto, ON, Canada whose shares trade over-the-counter on the OTCQB tier.
Omai Gold is a mineral exploration company, focused on the large past-producing Omai Gold Project in Guyana, South America. With a very experienced management and exploration team, the Company has been drilling since 2021, quickly identifying and rapidly expanding gold resources. The objectives are to continue to expand the known gold deposits and advance the project towards re-development. Guyana has emerged as a top-tier jurisdiction with favourable geology for large gold deposits and a pro-mining government.
Products and services
Omai Gold Mines Corp. holds a 100% interest in the Omai Prospecting License that includes the past producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company announced a Preliminary Economic Assessment (“PEA”) on its Wenot Deposit at Omai in April 2024, showing an open pit operation to produce 1.84 million ounces of gold over a 13-year period, with an NPV5% of US$556 million at a US$1,950/oz gold price. This baseline PEA incorporates only 45% of the property’s MRE and management believes that with additional work the mine plan can be significantly expanded, the economics enhanced, and the open pit resources further increased. An updated NI 43-101 Mineral Resource Estimate (“MRE”) of 2.0 million ounces of gold (Indicated) and 2.3 million ounces (Inferred) was announced in February 2024. . Once South America’s largest producing gold mine, Omai produced over 3.7 million ounces of gold between 1993 and 2005. Mining ceased at a time when the average gold price was less than US$400 per ounce. As a brownfields project, Omai benefits from good road access and a wealth of historical data that provides knowledge of the geology and gold mineralization on the Property, as well as metallurgy, historical process recoveries and many other relevant mining parameters.
OMGGF key facts
- Ticker symbol
- OMGGF
- Market tier
- OTCQB
- Sector
- Basic Materials
- Industry
- Gold
- Headquarters
- Toronto, ON, Canada
- Country of incorporation
- CA
- Year of incorporation
- 1962
- Employees
- 6
- Estimated market cap
- $144.72M (as of Apr 10, 2025)
- Shares outstanding
- 539,486,417
- Reporting standard
- International Reporting: TSX Venture Exchange
- Audit status
- Audited
- Fiscal year end
- 12/31
- Latest filing
- Interim Financial Report (Sep 30, 2024)
OMAI GOLD MINES CORP. leadership
- Elaine Ellingham — President, CEO
- Donna Ruth McLean — Interim CFO
- David Stewart — VP, Corp. Dev., VP, Investor Rel.
- Jason Brewster — Vice President
- Namrata Malhotra — Company Secretary
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