The board of the International Finance Corporation (IFC) is expected to vote on February 28, 2014 on a US$200 million debt package for Guyana Goldfields’ Aurora gold mine project.
Last month, the company had announced that the US$238 million in capital costs needed to take the Aurora project towards the commercial production phase was approved. The company hopes to be able to produce gold by early 2015. Guyana Goldfields Inc. is a Canada-based company focused on the exploration and development of gold deposits in Guyana.
The overall cost needed to bring the long-awaited large-scale operations to commercial production is US$249 million