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Guyana Goldfields to invest US$120M in Aurora gold project underground mine

Guyana Goldfields Inc. plans to inject US$120 million in investments into the Aurora gold mine in Guyana to conduct underground mining activities, a first in the country's history, Mining.com reported Feb. 5.

President and CEO Scott Caldwell said at an event in Guyana that the company is set to complete an updated mining plan at the Aurora project, which aims to extract over 2 million ounces of gold.

The project achieved commercial production in January 2016 and produced 160,500 ounces of gold in full-year 2017, meeting the lower end of its guidance.