Sacking of 80 Guyana Goldfields employees to take effect from September

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President and CEO of Guyana Goldfields, Scott Caldwell

Canadian mining company Guyana Goldfields has taken a decision to lay off approximately 80 local workers in a bid to consolidate its operations; with rehiring contingent on their skill sets.

This position was explained to this news group by Aurora Gold Mines Public Relations Officer Leon Roberts.

According to Roberts, the company will be focusing its operations at Aurora, located in Region seven.

This means that they will be pulling back operations from its Greenfield prospect, also located in Region Seven.

It is understood that the mining company would make an effort to rehire the redundant workers.

But according to Roberts, this will be done on a case by case basis that will assess whether they have transferable skills.

The layoffs are meanwhile expected to take effect from next month.

Gold prices are currently $1,206 per ounce. A recent spat between US President Donald Trump and Iran saw prices jump to $1,234 as demand for the metal increased.

Last year, Goldfields produced a record-breaking performance of 160,500 ounces at its Aurora Gold mine.

The Aurora mines achieved commercial production in January 1, 2016 which saw output of 151,600 ounces of gold, in line with the company’s revised guidance of 140,000 to 160,000 ounces.

The initial mine plan for the Aurora Gold Project indicated that the site was designed to produce 3.29 million ounces of gold, averaging 194,000 ounces per year, over an initial 17-year mine life.

The Aurora Gold Project has total, proven and probable reserves of 3.48 million ounces of gold.

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