Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in Guyana, South America. The project hosts two adjacent orogenic gold deposits. An updated NI43-101 Mineral Resource Estimate of 4.4 million oz (Inferred) at 1.95 g/t Au (in 69.6Mt) plus 2.1 million oz (Indicated) at 2.07 g/t Au (in 31.9Mt) was announced August 25, 2025.
https://www.stockwatch.com/Quote/Detail?C:OMG
The Omai Gold Mine produced over 3.7 million ounces of gold from 1993 to 2005, ceasing operations when gold was below US$400 per ounce. The Omai site benefits from much existing infrastructure and will soon be connected to the two largest cities in Guyana, Georgetown and Linden, via paved road.
Globe says new coverage rates Omai Gold Mines “buy”
2025-08-20 04:03 ET – In the News
“The Globe and Mail reports in its Friday, Aug. 29, edition that Stifel analyst Cole McGill commenced coverage on Omai Gold Mines with a “buy” recommendation and a $1.40 share target. The Globe’s David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.82. Mr. McGill says in a note: “Our investment thesis on Omai is underpinned by a rare combination of scale, grade and infrastructure in an emerging jurisdiction (Guyana now ninth, up from 22nd in 2022 on Fraser Institute rankings for mining investment attractiveness) with one of the best gold discovery rates in the Americas. Omai Gold’s 100-per-cent owned, brownfield Omai gold project already hosts 6.5 MMoz Au at 1.99 g/t Au, placing Omai in a select group of plus-5MMoz, 2g/t Au gold deposits not already owned by a producer (just two in the Americas) with plus-300kozpa Au, +15 year life of mine potential. With the Guiana Shield receiving renewed interest in recent years, we think Omai’s combination of rapid ounce growth and healthy in country acquisition multiples support increased asset value.”