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by Lindsay Davidson in Toronto There was a high level of optimism Sunday evening in a full room of investors as senior executives of three Canadian gold mining companies in Guyana talked about their production, progress and the vast miningLeft, Clayton Hall, Technical Advisor to Minister of Natural Resources Raphael Trotman, delivering remarks at the Guyana Night reception. CEO Scott Cadwell, Guyana Goldfields Administrative Manager Peter Benny and CSR Leon Roberts. (Photo by Akini Davidson)potential in Guyana.They were meeting at a reception themed ‘Guyana Night‘at the Prospectors and Developers Association of Canada (PDAC) International Convention, Trade Show and Investors Exchange in Toronto.Guyana Goldfields Chief Executive Officer, Scott Cadwell; Goldsource Mines Inc President, Ioannis Tsitos,Cheap NBA Jerseys China, and Rich Munson,Wholesale Jerseys, Chief Executive Officer of Sandsprings ETK; were all upbeat and positive about gold mining prospects in Guyana as they made short presentations to the investors present.“This is one of the top three (projects) that I‘ve ever had the privilege of working with. Number two is this one. It is a sweet one with great deposit, great metallurgy,Cheap Jerseys Free Shipping, a great country and a great address to work in, the Guyana Goldfields CEO told the audience in referring to the company‘s Aurora mine.He said that the mine cost the company US$250 million to build and was completed within scheduled timelines. Before the end of last month commercial gold production stood at 60,000 ounces.“We are shipping gold every week and we are cash flow positive and things are going pretty well,” he concluded.Sandsprings Rich Munson said that Guyana is very fortunate to have two very strong projects in production with Guyana Goldfields and Troy Resources.“It is very rare in this market to have two such high grade operations that are able to garner financing and provide such strong value to their shareholders and Guyana,” he saidSandsprings is developing the Toroparu Gold Project in western Guyana, a four million-ounce reserve that is expected to produce 227 000 ounces of gold annually over a 16-year mine life.Rich Munson,Wholesale NFL Jerseys China, Sandsprings Chief Executive Officer said that the core of the deposit consists of high grade gold and high grade copper with significant potential for additional discoveries on the property.“I think you can look at Toroparu and at Aurora (mines) and you`ll see there is going to be a lot of continuous activity and discoveries in Guyana.”Goldsource Mines President, Ioannis Tsitos, reported that his company completed construction of its Eagle Mountain mine in January under budget and almost near schedule. It is now about to pour its first gold bar.The plan, he said,Cheap Jerseys From China Online, is to grow this operation to produce about 29,000 ounces of gold in its fourth year of operation.Tsitos said that in doing risk analysis globally prior to investing in the country, Guyana came out as one of the top three countries in South America for investment in mining for many years because it has an exceptionally friendly mining regime.There are no serious environmental or social issues and people are very willing to engage and discuss project proposals.“Guyana is a great place to do mining business and I‘d like to invite anybody to come and do business here, ‘‘ he said.Earlier, Clayton Hall, Technical Advisor to Natural Resources Minister Rafael Trotman, said that Guyana is open for business and welcomes all investors in the mining industry provided they respect the country‘s laws and people and restore lands to maintain a “green land of Guyana.”Hall is part of a five-person delegation from Guyana led by Minister within the Ministry of Natural Resources, Simona Broomes, attending the PDAC convention which runs from March 6 to March 9 at the Convention Centre in Downtown Toronto.The convention held annually is considered the world leader for people, companies and organizations in mineral exploration. It attracts about 1,000 exhibitors and over 23,000 attendees from over 100 countries and Guyana‘s participation offers significant potential for increased investment in the mining industry.Guyanese Canadian mining expert on Bay Street, Dr. Andrew Ramcharran,Cheap Jerseys For Sale, said that the attendance of a government delegation to this year’s PDAC convention is a good start in helping to expand Guyana’s mining industry and suggests that next year government invests in establishing a booth at the Trade Show to promote the industry and give small miners more international exposure.The ‘Guyana Night` reception was organized by Guyana Goldfields and attracted potential investors from several countries, Canadians and Toronto-based Guyanese.
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