Omai Gold Mines Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Elaine Ellingham
- Full Time Employees
- 6
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 82 Richmond Street East Toronto ON Canada M5C 1P1
- IPO Date
- Aug 11, 2021
- Website
- omaigoldmines.com
- Similar Companies
- Business
- Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in mining-friendly Guyana, South America; the project hosts two adjacent orogenic gold deposits, the Wenot shear-hosted open pit deposit and the Gilt Creek intrusion-hosted underground deposit. The company holds a 4,590-acre prospecting license in the Potaro mining district and adjoining Eastern Flats mining permits totaling 1,519 acres, through its wholly owned subsidiary Avalon Gold Exploration Inc. (Guyana); it conducts advanced diamond drilling programs, mineral resource estimation under NI 43-101 standards, and preliminary economic assessments for redevelopment of the brownfields site, which historically produced over 3.7 million ounces of gold from 1993 to 2005. Founded in 1962 and headquartered in Toronto, Ontario, Omai Gold Mines targets primary gold mineralization across multiple subparallel zones, leveraging existing infrastructure such as roads connecting to Georgetown and Linden, a skilled local workforce, and proven metallurgical processes including semi-autogenous grinding, gravity recovery, and leaching. In August 2025, the company announced a significantly expanded NI 43-101 mineral resource estimate totaling 6.5 million ounces indicated and inferred resources, incorporating both Wenot and Gilt Creek deposits; it is preparing an updated preliminary economic assessment expected in early 2026 to reflect these resources, building on the April 2024 baseline PEA that outlined 1.84 million ounces production over 13 years with after-tax NPV5% of US$556 million at US$1,950 per ounce gold. Recent financing includes an upsized $40 million bought deal private placement in October 2025 led by Paradigm Capital Inc., following a $15 million offering in January 2025; ongoing 2025 drilling with four rigs expands Wenot boundaries, upgrades inferred resources to indicated, and tests near-surface higher-grade satellite deposits.
Omai Gold Drills 8.54 g/t Au over 20.6m at Northeast Wenot and Commences Deep Hole on Gilt Deposit
Omai Gold Intersects 3.86 g/t Au over 23.8m and 3.49 g/t Au over 16.9m at Wenot and Plans Drill Hole to Test Depth Potential of Gilt Deposit
Omai Gold Increases Indicated Mineral Resources to 2.5 Moz Au at 2.04 g/t Au (38.1 Mt) and Inferred to 5.5 Moz Au at 1.59 g/t Au (106.6 Mt) with Expansion of Wenot and Gilt Deposits
Omai Gold Intersects 7.74 g/t Au over 13.5m and 6.30 g/t Au over 9.8m at Wenot and Commences Drilling Exploration Target
Omai Gold Intersects 4.18 g/t Au over 14.6m and 3.73 g/t Au over 17.3m and Commences 50,000m Drill Program
Omai Gold Mines Ranks 6th on the TSX Venture Exchange 2026 Top 50
Omai Gold Drills Multiple Gold Zones at Wenot Including 12.34 g/t Au over 17.5m and 3.09 g/t Au over 24.6m
Why Smart Capital Is Rotating Into High-Grade Gold Assets
Omai Gold Engages SLR Consulting to Deliver an Updated Mineral Resource Estimate and Updated Preliminary Economic Assessment
Omai Gold Drills High-Grade Zones at Wenot: 11.48 g/t Au over 10.2m, 23.79 g/t Au over 3.8m and 4.79 g/t Au over 14.5m
Omai Gold Grants Incentive Stock Options
Omai Gold Provides 2025 Highlights and Outlook for 2026
Omai Gold Drills 708m Averaging 1.06 g/t Au from 365m at Gilt Creek Deposit Including Multiple Higher Grade Intervals
Omai Gold Drills High-Grade Zone at East Wenot, Intersecting 11.07 g/t Au over 14.7m, Including 34.31 g/t Au over 4.3m
The Gold Miners Crushing Bullion
Omai Gold's Deep Hole Intersects 2.57 g/t Au over 8.6m and 5.12 g/t Au over 3.6m, 700m Below Wenot Gold Deposit
Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au over 16.3m from Exploration Targets and Drilling Continues at Wenot with 5 Rigs
Omai Gold Mines Corp. Announces Closing of C$40 Million Bought Deal Private Placement of Common Shares
Omai Gold Files NI 43-101 Technical Report Supporting an Updated Mineral Resource Estimate on Its Omai Gold Property in Guyana
Omai Gold Mines Corp. Announces Upsize of Previously Announced Bought Deal Private Placement to $40 Million