Sprott Global Resource Investments

Site Visits

Guyana Goldfields - Aurora, Guyana - Oct 2017

Andrew Jackson made a site visit to Guyana Gold's Aurora gold mine in N central Guyana on October 24, 2017.

Aurora is Guyana Gold's main asset.  It began production at the beginning of 2016.  Current reserves are 8.54 Moz at an average grade of 2.99 g/t Au.  There are an additional 2.71 Moz of Measured & Indicated resources. Production is expected to average 220 Koz over the 15 year life of mine and ore is expected to come in roughly equal portions from open pit and underground. All production is currently drawn from open pits.

The mineralization is hosted in an early Proterozoic greenstone belt, the South American equivalent of West Africa's Birimian rocks.  Metallurgy is non-refractory with gold recoveries hovering just above 90%.

Aurora's AISC was $861/oz for Q3 2017, slightly higher than in the 2 preceding quarters.

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The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

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