Project Overview
Aris Mining’s Toroparu Gold Deposit 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 metavolcanic 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-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 (formerly 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-km 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 |
| Delivery Payment Per Ounce |
$3.90 Ag and $400 Au (annual 1% inflation adjustment starting in the 4th year after satisfaction of the completion test) |
| Cost Quartile |
Third |
For more information on the Toroparu Project, please visit: www.aris-mining.com (opens in new tab)