Omai Gold Mines

Omai Gold Mines offers a compelling investment opportunity with its advanced-stage Omai Gold Project, which represents one of the largest gold resource packages in Guyana. The project benefits from a 2024 baseline preliminary economic assessment supporting a 13-year mine life with average annual production of 142,000 ounces of gold, generating an after-tax NPV of US$556 million at US$1,950 per ounce gold. 

The upcoming updated study will incorporate an expanded Wenot "superpit" plus Gilt Creek underground, targeting 15-20 year mine life with 14,000-15,000 tonnes per day throughput. With an estimated all-in sustaining cost of US$1,009 per ounce, Omai stands out for its cost efficiency and low discovery costs of less than US$4 per ounce. 

The company's inherited infrastructure, including two tailings facilities with over 100 million tonnes capacity and a 1-kilometer on-site airstrip, significantly reduces capital intensity. Located in Guyana, a top-10 global mining jurisdiction with strong governmental support and streamlined permitting, Omai is poised to deliver long-term value with significant leverage to rising gold prices and a de-risked path to production.

Omai Gold Mines Corp. is led by a seasoned management team with deep expertise across mining, capital markets, and project development. At the helm is President & CEO Elaine Ellingham, who brings over 30 years of mining leadership spanning exploration, production, and corporate development, including serving as Lead Director and interim CEO at Richmont Mines through its approximately C$1 billion acquisition by Alamos Gold. 

The company's operations are guided by Vice President Jason Brewster, a mining engineer with 25+ years of international experience in exploration, operations, and development across Cuba, Morocco, Brazil, and Spain. Financial strategy is managed by CFO Petra Decher, a finance executive with 25+ years in mining, previously CFO of Marimaca Copper and senior roles at Franco-Nevada. 

Technical oversight is provided by Lead Director Derek Macpherson, who brings 10 years of capital markets and mining experience as a former Mining Analyst and Investment Banker. The board is further strengthened by Directors Lon Shaver, Drew Anwyll, Don Dudek, and Nadine Miller, combining expertise in corporate finance, mine construction, geology, and project management. 

This executive team is complemented by a Board of Directors comprising industry veterans with extensive mining, finance, and sustainability expertise, positioning Omai Gold strongly for achieving its strategic objectives while maintaining strong community relationships and stakeholder engagement.

Omai Gold Mines is executing a comprehensive growth plan focused on advancing its flagship Omai Gold Project to production while emphasizing operational excellence and resource expansion. The company is moving through critical engineering and permitting stages, targeting an updated preliminary economic assessment in Q1 2026 that will incorporate both the expanded Wenot superpit and Gilt Creek underground mine. 

This development timeline supports a significantly expanded mine life, establishing Omai as Guyana's next major gold operation. Environmental stewardship is central to Omai's strategy, with the company having received its interim environmental permit in November 2024 and actively engaging with local communities and government agencies. 

While the project already contains substantial mineral resources, the company continues aggressive exploration with five drill rigs turning and 35,300 meters drilled to date in 2025, targeting East and West Wenot extensions, depth potential below 700 meters, and near-surface satellite targets. 

A key advantage in Omai's growth plan is its access to existing infrastructure from the former Omai mine, including tailings facilities and paved road access, which significantly reduces capital requirements. The company remains fully funded with approximately US$41 million in cash, allowing it to advance permitting, metallurgical testing, and engineering studies while continuing resource expansion drilling.

As of 2025, Omai Gold Mines Corp. is well-positioned financially, with a strong asset base and a strategic focus on advancing its flagship Omai Gold Project. The company benefits from significant inherited infrastructure, including two tailings facilities with over 100 million tonnes capacity and paved road access within 30 kilometers, which reduces the capital expenditure required for mine development. 

The 2024 baseline preliminary economic assessment for the Wenot open pit estimated initial capital costs at US$375 million, with sustaining capital of US$172 million over the life of the mine. The project is expected to generate average annual gold production of 141,000 ounces over 13 years, with total recovered gold of 1.84 million ounces and after-tax cash flow of US$1.07 billion. 

The Omai Gold Project is projected to deliver robust financial returns with an after-tax net present value of US$556 million at a 5% discount rate and an internal rate of return of 19.8% at US$1,950 per ounce gold. On an after-tax basis, the project's payback period is 4.3 years with all-in sustaining costs of US$1,009 per ounce. Omai Gold remains fully funded with approximately US$41 million in cash, positioning it to advance the updated preliminary economic assessment, expand resources, and continue permitting without immediate financing pressure.

Omai Gold Mines Corp. is positioned to become Guyana's next major gold producer, with its flagship Omai Gold Project representing one of the largest gold resource packages in the Guiana Shield. With 6.5 million ounces of total gold resources, significant expansion potential, and a commitment to responsible mining practices, Omai offers a unique investment opportunity in a top-tier jurisdiction. 

The company's strong management team, capital-efficient strategy leveraging inherited infrastructure valued at over US$500 million, and dedication to environmental and social standards position it for long-term success. As Omai advances through key project milestones—ranging from the updated preliminary economic assessment in Q1 2026 to permitting and eventual construction—the company is well-positioned to deliver robust returns, benefiting from favorable commodity prices and growing global demand for gold. 

For investors seeking exposure to a large-scale, de-risked mining project with significant growth potential and an accelerated path to production, Omai Gold Mines presents an attractive opportunity. The company's disciplined approach to development, backed by strong community partnership and government support, ensures that Omai is not only a sound investment today but a responsible operator for the future.