Sandspring Resources Limit-ed is holding to its projected 2015 deadline for production of an estimated 228,000 ounces of gold per annum from its Cuyuni-Mazaruni operations, a release from the Ministry of Natural Resources said yesterday.
Its projection comes amid the recent downturn in the international price for gold.
A statement from the Ministry of Natural Re-sources yesterday said that Chief Executive Officer (CEO) of Sandspring Resources Ltd; Richard A. Munson and a team of his senior managerial directors including Sir Shridath Ramphal yesterday presented the results of the updated pre-feasibility study