Striking it right in Guyana

Peter Berdusco

 

For Berdusco (pictured), the growing appeal of Guyana as an exploration and development jurisdiction stems from a supportive and stable government.

“We took this project on because the government support and backing for the resource development industry is significant. They want exploration companies, they want investment and they want you to succeed. Guyana is also English speaking and has English common law which makes doing business there very straightforward,” he says.

With a mining licence already in hand, should Guyana Goldstrike be successful in racking up new ounces at Marudi, it could be fast-tracked to production. “The licence has been grandfathered in at a 5% royalty that has since been raised to 8% for other companies coming in,” he adds.

Another card that could play into the project’s hand is that the government is interested in providing economic opportunities and benefits in its exterior, an area typically removed from the main economic loci that are situated closer to the coast.

“The government and communities want to see success at Marudi because they know what it can do for the local economy in the area,” he says.

While an all-season road connects the project area to the town of Lethem, it is currently permitting the construction of an airstrip that was outlined by the previous project operator.

Source link : https://www.mining-journal.com/precious-metals/resourcestocks/1309686/striking-guyana

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Publish date : 2017-12-06 03:00:00

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