Canadian-owned Guyana Goldfields Inc (GGI) says it has produced over 28,000 ounces of gold for the first quarter of 2020 with a net earnings of over US$2 million compared to an equivalent loss for the first quarter of 2019, a gain which was driven by higher gold prices.
This information formed part of the company’s financial results for the first quarter ended March 31 which was filed yesterday in Toronto according to a GGI release yesterday. The company also provided corporate updates, including updates on its temporary care and maintenance plan and on its proposed arrangement transaction with Silvercorp Metals Inc.