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.Company Description
- CEO
- Elaine Ellingham
- Full Time Employees
- 6
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 25 Adelaide St. East Toronto ON Canada M5C 3A1
- 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.
Company News
Omai Gold Mobilizes Sixth Drill to Advance Exploration Targets
Omai Gold Files NI 43-101 Technical Report Supporting a Preliminary Economic Assessment Indicating After-Tax NPV5% of $4.0 Billion at a $3,600/oz Gold Price for its Omai Gold Project
Omai Gold Engages Adelaide Capital for Social Media Services
Omai Gold Added to GDXJ Junior Gold Miners ETF
Omai Gold Drills 5.12 g/t Au over 40.5m and 2.68 g/t Au over 40.7m at Wenot
Omai Gold Announces Preliminary Economic Assessment for Its Omai Project, Guyana
Omai Gold to Present at the Precious Metals & Critical Minerals Virtual Investor Conference on July 23rd
Omai Gold Drills 7.26 g/t Au over 34.8m at Its Wenot Deposit in Guyana
Omai Gold Reports Positive Metallurgical Testwork at its Omai Project with Gold Recoveries from 93% to 95%
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