{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Omai Gold Mines (TSXV:OMG) - Fast-Track to Production on 4.3Moz Gold Resource Project in Guyana","html":"","width":"100%","height":180,"duration":952,"description":"Interview with Elaine Ellingham, President & CEO of Omai Gold Mines Corp.Our previous interview: https://www.cruxinvestor.com/posts/omai-gold-mines-tsxvomg-restarting-high-grade-gold-mine-in-guayana-5015Recording date: 14th May 2024Omai Gold Mines Corp. (TSXV:OMG) presents a compelling investment opportunity as it advances the past-producing Omai gold mine in Guyana towards renewed production. With a substantial 4.3 million ounce resource, a positive preliminary economic assessment (PEA), and significant exploration upside, Omai is well-positioned to create value in a rising gold price environment.The company's flagship asset is the Omai gold project, a past-producing mine with existing infrastructure and a large resource base. The project hosts 4.3 million ounces of gold across two deposits – the open-pittable Wenot deposit and the Fennell underground deposit. Omai's recent exploration efforts have focused on the Wenot deposit, which contains 2.4 million ounces and forms the basis for the recent PEA.The PEA demonstrates the Omai project's robust economics and provides a blueprint for restarting production. The study outlines a 13-year open pit operation producing an average of 142,000 ounces of gold per year at all-in sustaining costs of US$1,009 per ounce. At a gold price of $1950, the project generates an after-tax NPV5% of US$556 million and an IRR of 19.8%. Importantly, the PEA only considers the Wenot open pit deposit, with the Fennell underground deposit and other exploration targets providing additional upside.Omai's large resource base provides the foundation for a long-life mining operation, with significant potential to expand the resource through exploration. Infill drilling below the Wenot PEA pit is expected to upgrade a further 500,000 ounces for inclusion in future economic studies, while step-out drilling aims to extend mineralization to the south. The Fennell underground deposit adds a further 1.8 million ounces not considered in the PEA, with...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}