Lower grades, higher costs weigh on Guyana Goldfields’ Q2 performance

Despite lower grades dragging down production at its Aurora mine, in Guyana, in the second quarter of this year, TSX-listed Guyana Goldfields has maintained its production guidance for the full-year, albeit at the lower end of the range of 160 000 oz to 180 000 oz of gold. The mine produced 29 700 oz of gold in the second quarter, compared with 40 900 oz in the first quarter of the year.