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Guyana Goldfields Inc (GUY.TO)

GUY.TO on Toronto Stock Exchange

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22 May 2019
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Latest Key Developments (Source: Significant Developments)

Guyana Goldfields Inc Says Board Reviewed Patrick Sheridan's Latest Allegations
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC - ADDRESSED ALLEGATIONS AND ACTIONS BY PATRICK SHERIDAN.GUYANA GOLDFIELDS INC - PATRICK SHERIDAN WAS TERMINATED AS CO'S EXECUTIVE CHAIRMAN IN JULY 2018.GUYANA GOLDFIELDS - CO WILL CONTEST ANY LITIGATION COMMENCED BY SHERIDAN.GUYANA GOLDFIELDS - SPECIAL COMMITTEE MADE RECOMMENDATIONS FOR IMPROVEMENTS IN CO POLICIES & PROCEDURES.GUYANA GOLDFIELDS INC - BOARD REVIEWED SHERIDAN'S LATEST ALLEGATIONS.  Full Article

Patrick Sheridan Intends To Seek Leave To Commence Derivative Action Relating To Guyana Goldfields
Monday, 22 Apr 2019 

April 22 (Reuters) - Patrick Sheridan::PATRICK SHERIDAN - URGED GUYANA GOLDFIELDS TO COMMENCE CLAIM AGAINST CEO FOR ALLEGATIONS OF MISCONDUCT AT CO'S HEAD OFFICE, AURORA GOLD MINE.PATRICK SHERIDAN - INTENDS TO SEEK LEAVE TO COMMENCE A DERIVATIVE ACTION IN RELATION TO GUYANA GOLDFIELDS INC.  Full Article

Guyana Goldfields Inc. Receives Notice Of An Additional Dissident Director Nominee
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC. RECEIVES NOTICE OF AN ADDITIONAL DISSIDENT DIRECTOR NOMINEE.GUYANA GOLDFIELDS INC - RECEIVED A NEW NOTICE FROM ITS FORMER EXECUTIVE CHAIRMAN PATRICK SHERIDAN.GUYANA GOLDFIELDS - NOTICE INFORMED CO THAT SHERIDAN INTENDS TO NOMINATE AN ADDITIONAL, SEVENTH DISSIDENT NOMINEE TO SLATE OF 6 DISSIDENT NOMINEES.GUYANA GOLDFIELDS - REVIEWING PATRICK SHERIDAN'S NOTICE TO EVALUATE IF IT COMPLIES WITH ITS BY-LAW REGARDING ADVANCE NOTICE OF DIRECTOR NOMINATIONS.  Full Article

Guyana Goldfields Inc Says Q1 Mining Rate Averaged 61,542 Tonnes Per Day
Monday, 15 Apr 2019 

April 15 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC. ANNOUNCES FIRST QUARTER 2019 OPERATING RESULTS AND COMMENTS ON POTENTIAL MINE PLAN OPTIMIZATION.GUYANA GOLDFIELDS INC - Q1 MINING RATE AVERAGED 61,542 TONNES PER DAY.GUYANA GOLDFIELDS INC QTRLY GOLD PRODUCTION OF 36,600 OUNCES, ON TRACK TO ACHIEVE PREVIOUSLY STATED 2019 GUIDANCE RANGE OF 145,000 TO 160,000 OUNCES.GUYANA GOLDFIELDS INC - QUARTERLY MILL PERFORMANCE OF 7,213 TONNES PER DAY.  Full Article

Concerned Shareholders Of Guyana Goldfields, Analysts, And Market Pan Company's 2018 Results
Friday, 29 Mar 2019 

March 29 (Reuters) - Guyana Goldfields Inc ::CONCERNED SHAREHOLDERS OF GUYANA GOLDFIELDS, ANALYSTS, AND MARKET PAN COMPANY'S 2018 RESULTS AND NEW LIFE OF MINE PLAN.SOME SHAREHOLDERS OF GUYANA GOLDFIELDS SAYS ARE DISAPPOINTED WITH GUYANA'S 2018 FINANCIAL RESULTS & THEIR NEW LIFE OF MINE PLAN FOR AURORA GOLD MINE.SOME SHAREHOLDERS OF GUYANA GOLDFIELDS SAYS CONTINUE TO EVALUATE GUYANA'S RESOURCE MODEL.  Full Article

Guyana Goldfields Inc. Reports Financial Results, Sets 2019 Production And Cost Guidance
Wednesday, 27 Mar 2019 

March 26 (Reuters) - Guyana Goldfields Inc ::REPORTS FINANCIAL RESULTS, SETS 2019 PRODUCTION AND COST GUIDANCE.Q4 PRODUCTION OF 42,750 OUNCES WAS HIGHEST OF 2018.EXPECTS GOLD PRODUCTION TO BE BETWEEN 145,000-160,000 OUNCES IN 2019.GUYANA GOLDFIELDS- DAILY AVERAGE MINING RATE CONTINUED TO INCREASE THROUGH Q4, AVERAGING 69,200 TPD, REPRESENTING AN INCREASE OF 176%.IN Q4, A TOTAL OF 37,450 OUNCES OF GOLD WERE SOLD WITH AN AVERAGE REALIZED GOLD PRICE OF $1,244 PER OUNCE.COMPANY FINISHED YEAR WITH A CASH BALANCE OF $82 MILLION AND TOTAL DEBT REDUCED TO $40 MILLION.QTRLY REVENUE $46.5 MILLION VERSUS $61.4 MILLION.COMPANY EXPECTS PRODUCTION WILL BE EVENLY WEIGHTED IN FIRST AND SECOND HALF OF YEAR.SEES COST OF SALES $1,175-$1,225 PER OUNCE IN 2019.MINING RATE IS EXPECTED TO AVERAGE 70,000 TPD THROUGH THE YEAR.Q4 EARNINGS PER SHARE VIEW $0.01 -- REFINITIV IBES DATA.BOARD HAS APPROVED AN EXPLORATION PROGRAM BUDGET OF $6.8 MILLION COVERING ADDITIONAL SURFACE BROWNFIELD DRILLING.QTRLY NET LOSS EARNINGS PER DILUTED SHARE $0.01.  Full Article

Guyana Goldfields says Restructuring Guyana Country Office
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC. STRENGTHENS PRESENCE IN GUYANA, RESTRUCTURES COUNTRY OFFICE.GUYANA GOLDFIELDS INC - AS PART OF RESTRUCTURING, COMPANY HAS REDUCED ITS EXPATRIATE WORKFORCE BY 14, REPRESENTING APPROXIMATELY 30% OF TOTAL EXPATRIATE STAFF.GUYANA GOLDFIELDS INC - ALL OF GUYANA GOLDFIELDS' AND AURORA GOLD MINE'S ACTIVITIES IN GEORGETOWN WILL BE MANAGED OUT OF A SINGLE OFFICE IN COUNTRY.GUYANA GOLDFIELDS INC - GUYANA COUNTRY MANAGER VIOLET SMITH IS LEAVING COMPANY, AS HER POSITION HAS BECOME REDUNDANT.GUYANA GOLDFIELDS INC - INTENDS TO RESUME ITS GREENFIELDS EXPLORATION IN FIRST HALF OF 2019.GUYANA GOLDFIELDS INC - SECOND OFFICE IN GUYANA LOCATED AT NORTH ROAD WILL BE CLOSED EFFECTIVE IMMEDIATELY.GUYANA GOLDFIELDS INC - H2 2018 DECISION TO REFOCUS EXPLORATION EFFORTS RESULTED IN NET REDUCTION IN TOTAL EXPLORATION TEAM OF 45 EMPLOYEES.  Full Article

Some Shareholders Of Guyana Goldfields Says Nominated 6 Nominees To Replace Its Board
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Some Shareholders Of Guyana Goldfields::SOME SHAREHOLDERS OF GUYANA - NOMINATED SIX NOMINEES TO REPLACE ALL OF GUYANA GOLDFIELDS' BOARD OF DIRECTORS.SOME SHAREHOLDERS OF GUYANA GOLDFIELDS SAY ARE "DISAPPOINTED" BY CO'S ANNOUNCEMENT DELAYING A SPECIAL MEETING OF SHAREHOLDERS TO MAY 22.SOME SHAREHOLDERS OF GUYANA- THEIR GROUP INCLUDES NORTHFIELD CAPITAL CORPORATION, ROBERT CUDNEY, DONALD ROSS, GRETCHEN ROSS AND PATRICK SHERIDAN.SOME SHAREHOLDERS OF GUYANA GOLDFIELDS SAY THEY TOGETHER OWN NOT LESS THAN 5% OF ISSUED AND OUTSTANDING SHARES OF GUYANA.SOME SHAREHOLDERS OF GUYANA GOLDFIELDS - GUYANA GOLDFIELDS MADE NO ATTEMPT TO REACH OUT OR ENGAGE "CONCERNED SHAREHOLDERS".  Full Article

Some Guyana Goldfields Shareholders Issue Statement On Meeting Of Shareholders
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Shareholders Of Guyana Goldfields, Together Owning Not Less Than 5% Of Co : :SHAREHOLDERS OF GUYANA GOLDFIELDS, TOGETHER OWNING NOT LESS THAN 5% OF CO, ISSUE STATEMENT ON MEETING OF SHAREHOLDERS OF CO.SHAREHOLDERS OF GUYANA GOLDFIELDS, TOGETHER OWNING NOT LESS THAN 5% OF CO SAY, "MEETING OF SHAREHOLDERS URGENTLY NEEDED".SHAREHOLDERS OF GUYANA GOLDFIELDS, TOGETHER OWNING NOT LESS THAN 5% OF CO SAY, NEW LEADERSHIP IS NEEDED AT CO.  Full Article

Guyana Goldfields Inc Reports Q3 2018 Results
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC. REPORTS THIRD QUARTER 2018 OPERATIONAL AND FINANCIAL RESULTS; REVISED 2018 GUIDANCE.GUYANA GOLDFIELDS - LOWERING PRODUCTION GUIDANCE TO 150,000 - 155,000 OUNCES OF GOLD FOR 2018.GUYANA GOLDFIELDS INC - 2018 GOLD PRODUCTION GUIDANCE REVISED DOWNWARD TO 150,000-155,000 OUNCES.GUYANA GOLDFIELDS INC - INITIATED A REVIEW OF UNDERLYING RESOURCE MODEL.GUYANA GOLDFIELDS INC - ENGAGED RPA INC TO ASSIST IN INVESTIGATION OF GEOLOGIC CONTROLS AND GRADE VARIABILITY OF DEPOSIT.GUYANA GOLDFIELDS INC SEES 2018 COST OF SALES FOR GOLD FROM $1,030 -$1,055 PER OUNCE.GUYANA GOLDFIELDS INC - EXPECTS RESULTS FROM REVIEW TO BE INCORPORATED IN 2019 GUIDANCE.GUYANA GOLDFIELDS INC - QTRLY AVERAGE MINING RATES IMPROVED BY 49% WHEN COMPARED TO PRIOR QUARTER.GUYANA GOLDFIELDS INC SEES 2018 ALL-IN SUSTAINING COSTS FOR GOLD OF $1,025 -$1,050 PER OUNCE.GUYANA GOLDFIELDS INC SEES 2018 CASH COST FOR GOLD OF $660 - $685 PER OUNCE FOR YEAR.  Full Article

PRESS DIGEST - Canada - April 30

April 30 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.