News about Guyana

Guyana's gold export receipts reached US$826.2 million in the first half of 2026, up 48.5% (US$269.8 million) from a year earlier. The central bank says the whole gain came from price, as the average price per ounce rose 59.1% to US$4,528.20 while ounces shipped fell 6.7% to 182,451. Declared gold output rose 11.3% over the same period, yet the reports do not explain the drop in exports or where the gold was sold. Gold made up 5.1% of exports, behind crude oil at 92.9%, and its income follows the gold price, which has fallen from its January peak. The article also notes that the US Treasury sanctioned one of Guyana's largest gold exporters in June 2024, making provenance checks important for buyers.

Omai Gold Mines has mobilized a sixth diamond drill to its Guyana project to begin a 5,000 m exploration program, initially focused on the BBH target, a 600 m trend west of the Gilt Deposit where earlier trenching, drilling and historical workings indicated gold mineralization. The campaign targets saprolite-hosted ladder veins and shallow high-grade intercepts, which could clarify whether BBH supports a new near-surface gold deposit concept. The company has no revenue, a loss of $19.47m, and less than one year of cash runway, with funding from higher-risk sources. An extra drill implies higher spending, which raises financing and dilution risk, especially if the share price is used as a funding lever. The stock is down 16.6% over 30 days but still up strongly over one year.