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23 Sept 2026

Guyana’s Mining Pipeline Grows as Major Gold Projects Advance Toward Production

Guyana’s Mining Pipeline Grows as Major Gold Projects Advance Toward Production
Guyana’s mining and quarrying sector expanded by an estimated 40.7% in the first half of 2026, according to the government, with growth recorded across oil and gas, gold, bauxite and other mining activities. Within the non-oil mining sector, bauxite production increased 7.3% to 1,763,222 tons, gold mining grew by 11.3% and other mining and quarrying activities expanded by 40%.

The performance comes as a pipeline of gold and bauxite developments advances across the country, creating opportunities for investors, project developers and suppliers across the mining value chain. These opportunities will form part of the wider investment agenda at Caribbean Energy Week (CEW) 2027, which will take place in Georgetown from July 13–15, bringing together governments, investors, energy companies and industry stakeholders.

The government expects the momentum to continue through the remainder of the year. Bauxite mining is projected to grow by 10.2% in 2026, while gold mining is forecast to expand by 5.4% and other mining and quarrying activities by 14.9%.

Several major gold projects are moving forward at different stages of development. The Eagle Mountain Gold Project reached a new milestone in September when the Government of Guyana, the Guyana Geology and Mines Commission and Mako Mining signed a Mineral Agreement covering the project. Preparatory activities have already commenced, with construction expected to begin in the third quarter of 2027 and gold production currently estimated to start by the end of 2028, subject to regulatory and environmental approvals.

At Oko West, G Mining Ventures is advancing construction of what is expected to be a large-scale gold operation. Guyana’s 2026 Budget documents put average annual production at approximately 350,000 ounces, with total production estimated at 4.3 million ounces over a 12.3-year mine life and production expected to begin in 2027.

Omai Gold Mines is also advancing its redevelopment plans following the release of a new Preliminary Economic Assessment in August 2026. The study estimates initial capital of $1.426 billion and average annual production of 351,488 ounces over an 18-year mine life, with the company now advancing toward a feasibility study and potential construction and production decision.

Meanwhile, Aris Mining is progressing the Toroparu Gold Project in western Guyana. Its latest project information puts initial construction capital at approximately $830 million, with measured and indicated resources of 5.3 million ounces and projected average life-of-mine production of 235,000 ounces per year. A prefeasibility study is underway, with completion targeted for 2026 and a construction decision expected in early 2027.

Guyana’s bauxite industry is also preparing for renewed activity. The government announced in January that the Cabinet had approved the resumption of bauxite mining along the Berbice River, with preparation and restoration work scheduled for 2026 and full production targeted to restart by the end of 2027. The government has separately highlighted the potential for an alumina refinery as part of wider industrial development in Berbice.

These developments are creating opportunities across mining services, engineering, equipment supply, logistics, infrastructure, processing, technology and project finance. CEW 2027 will bring these stakeholders together alongside the wider Caribbean energy and investment community, creating a platform to advance partnerships, project development and investment across Guyana’s expanding natural-resources economy.

 

 

 

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