Today we review Guyana Goldfields for you. What is Guyana Goldfields? What do they offer to you (the investor)? Are there better alternatives out there? This is just a few of the main questions we help you answer in this short review!
Name of the company:Guyana Gold Fields
Official Website URL: https://www.guygold.com/Home/default.aspx
CEO: Allen Palmiere (Interim)
Products: Gold, mining stocks
In this review, we shall be looking at Guyana Goldfields, as we seek to establish the reliability of the investment products that it offers to investors. Some of the main elements that will guide us through the review include:
– What is Guyana Goldfields about?
– How does it go about its operations?
– Which are the main products offered by this company?
– Is it genuine?
– Which investment opportunities can investors pick with this company?
– What are the alternatives to those investment opportunities?
– What are the pros and cons of Guyana Goldfields?
What is Guyana Goldfields about?
Guyana Goldfields exists a Canadian-based mid-tier producer of Gold. This company’s production activities are primarily based in Guyana, a sovereign nation located in South America. Guyana Goldfields has an agreement with the Government of Guyana, in which it reaps from the following terms in the Mining Licence that was accorded in November 2011:
– 5% mining royalty on gold sold at (US) $1000 per ounce or less
– 8% mining royalty on gold sold at (US) $1000 per ounce
– 25% corporate income tax. There is also no withholding tax on all the interest payments to this company’s lenders.
– Duty and VAT exemptions on imported materials and equipment.
The Aurora Gold Mine project is this company’s primary production activity, bearing in mind that it has 100% interest in the project. Guyana Goldfields is currently pumping in large amounts of cash into this mining project as well as the Sulphur Rose Project, with the expectation of reaping more revenues in the exploration, development and operation activities.
How it works
Guyana Goldfield’s main interest lies in the already stated projects, namely Aurora Gold Mine and Sulphur Rose Projects. This company achieves its success in these projects, through having a well-thought-of Corporate Social Responsibility and Sustainability strategy that addresses the following areas:
– The communities around which the mines are located.
– The proper approach to the dispensation of the duty of the Human Resources department
– The prioritization of the health and safety of the workers.
– The protection of the environment
The above-listed facets of Guyana Goldfields enable it to deliver value in terms of the growth of shareholder value, as well as the growth of this company’s mining territories and the accompanying revenues.
This company is able to bring to the market a significant amount of gold. In 2017, for instance, this company produced a total of 160, 000 ounces of gold from the Aurora Gold Mine. Guyana Goldfields has more 5 million ounces of gold in its current reserves. The company is therefore expected to continue producing gold in the foreseeable future, as it also heavily invests in its exploration projects to ensure that its tenure in the gold production industry is not cut short.
Is it a genuine company?
Guyana Goldfields is a 100% legit company. This company’s ties with the Guyana Government make it one that is obligated to maintain the highest level of professional conduct. Also being the only mining company in the sovereign republic of Guyana, it is hard to go without noticing any discrepancies in its operations. Guyana Goldfields is in fact necessitated to abide by the set regulations and rules, lest it loses its rights to mining.
This company also has a corporate management team whose members you might instantly recognise or might have already heard of. The main people in the team include:
– Allen Palmiere – Interim CEO and director
– Suresh Kalathil- Senior Vice President and COO
– Leon Binedell – CFO
– Perry Holloway – Senior VP , Strategy and Corporate Affairs
– Lisa Zangari – Chief Talent and Compliance Officer
– Rohit Tellis- Chief Information Officer
– Jacqueline Wagenaar – VP, Investor Relations and Corporate Communications
This company also gives you an opportunity to invest your money through the stocks that it offers. This company is publicly traded and offers its stocks through the Toronto Stock Exchange. If you are interested in purchasing the stocks offered by Guyana Goldfields, you can purchase them through this exchange (TSX), where they are traded under the ticker GUY. Its stocks are also an S&P/ TSC Composite component which is a more stable investment option.
Alternatives to Guyana Goldfields’ stocks
This company has been experiencing a couple of shakeups that have in one way or another minimized its efficiency. From the embittered battles between the miners and shareholders in the Aurora Gold Mine, to the halting of its operations in the same mine, you cannot help but worry about the future of this company. Which is the reason I would recommend that you invest in physical gold through a company that does not have a single negative report about it from the general public, such as GoldCo. With a gold IRA account, you will not have to worry about the effects of a mine shutdown. All you are required to do is to follow the value of your account from the comfort of your home.
Investing in mining stocks does not always have to be one that is characterized by stress. You can also invest in the deals that will give you the highest returns without having to lose your sleep over them. How can that possibly happen? With the Resource Insider, which offers you the very best deals in the market, that are mainly exclusive to those who pay for it. Pay for your annual subscription today and begin investing like a mining stocks investment doyen.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise to compare the positives against the negatives before you make any investment decisions. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– 100% legit
– Has huge gold reserves
– Experienced leaders
– Keen on furthering exploration projects
– Has a couple of negative news headlines associated with it.
– Offers stocks whose value is bound to fluctuate due to factors the company cannot control.
Do You Own or represent Guyana Goldfields?
If you are a representative, or associate of Guyana Goldfields and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of Guyana Goldfields pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Guyana Goldfields to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com