Project Overview
Aris Mining’s Toroparu Gold Deposit is is located in the Cuyuni-Mazaruni Region of Guyana, approximately 215 km southwest of the capital city of Georgetown.
The Toroparu and Sona Hill deposits are located in the Amazonian Craton of the Guiana Shield, within the northwest trending Puruni volcano-sedimentary belt, in a sequence of metasedimentary and meta-volcanic rocks along the contact of a small intra-belt pluton. Mineralization is characterized by three different vein assemblages that include gold mineralized quartz and chalcopyrite or bornite veinlets, gold mineralized chalcopyrite only veinlets and gold mineralized quartz and molybdenite veins.
The project has its Environmental Authorization, Mineral Agreement and Fiscal Stability Agreement in place. GCM Mining (formally Gold X Mining) has signed a Memorandum of Understanding with the Guyana Government giving Gran Colombia exclusive rights to develop the Kurupung Hydro Project, approximately 50 kilometres south of the Toroparu Project. Optimizing the project’s power supply by building the proposed run-of-river hydroelectric facility could significantly reduce the estimated operating cash cost.
Stream Details
| Date of Contract |
11-Nov-13 |
| Term |
Life of Mine |
| Stream |
10% of gold
50% of silver |
| Upfront Consideration |
$154M |
| Per Unit Production Payment |
$3.90 Ag and $400 Au (annual 1% inflation adjustment starting in the 4th year after satisfaction of the completion test) |
For more information on the Toroparu Project, please visit: www.aris-mining.com (opens in new tab)