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OMAI GOLD MINES CORP - $OMGGF STOCK NEWS

Welcome to our dedicated page for OMAI GOLD MINES news (Ticker: $OMGGF), a resource for investors and traders seeking the latest updates and insights on OMAI GOLD MINES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OMAI GOLD MINES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OMAI GOLD MINES's position in the market.

News
Omai Gold Appoints Guyana Country Manager and Announces Approval of a New 3-Year Permit for Omai
Rhea-AI Summary

Omai Gold Mines Corp. appoints Marcel Cameron P.Eng. as Country Manager, Guyana, who brings 25 years of experience in mine planning. The company aims to advance operations at the Omai gold project, incorporating additional resources to boost economic returns. The approval of a new 3-year Prospecting Licence by the Guyana Geology & Mines Commission further strengthens the Company's position for future mining activities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
management
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News
Omai Gold Delivers PEA with After-Tax NPV5% of $556 Million and 19.8% IRR at a $1,950/oz Gold Price for Wenot Open Pit Project in Guyana
Rhea-AI Summary
Omai Gold Mines Corp. announces positive results from the Wenot Project's Preliminary Economic Assessment, projecting 1.84 million ounces of gold production over a 13-year mine life. The after-tax NPV5% is $777 million, with an IRR of 24.7% and a 3.5-year payback period at a spot gold price of $2,200/oz.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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none
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News
Omai Gold Increases Indicated Mineral Resources to 2.0 Million Oz Au and Inferred Mineral Resources to 2.3 Million Oz Au with Expansion of Wenot Deposit
Rhea-AI Summary
Omai Gold Mines Corp. reports an updated Mineral Resource Estimate on its Omai Gold Property in Guyana, with an expansion to the Wenot Deposit and incorporation of the Gilt Creek Deposit. The Wenot MRE increased the Indicated MRE to 834,000 oz (10% increase) @ 1.48 g/t Au and the Inferred MRE to 1,614,000 oz (45% increase) @1.99 g/t Au. The Omai Property hosts two gold deposits, with a combined updated MRE of 1,985,000 ounces of gold (Indicated MRE) and 2,279,000 ounces of gold (Inferred MRE). The Wenot Deposit saw a 10% increase in Indicated MRE and a 45% increase in Inferred MRE, while the Gilt Creek Deposit experienced a 4% increase in Indicated MRE and a 28% increase in Inferred MRE. The preliminary Economic Assessment based on the updated MRE is expected to be announced in Q1 2024.
Rhea-AI Impact
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End-of-Day
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News
Omai Gold Retains Velocity Trade Capital Ltd. for Market Stabilization and Liquidity Services
Rhea-AI Summary
Omai Gold Mines Corp. has engaged Velocity Trade Capital Ltd. to provide market stabilization and liquidity services to the Company, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Services Agreement has a minimum set term of sixty days, after which either party may terminate the Services Agreement by providing the other with not less than 30 days prior written notice of termination. Velocity Trade will manage trading of the Company's securities listed on the Exchange from time to time for the purposes of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's securities. In consideration for the provision of the services by Velocity Trade under the Services Agreement, Omai Gold has agreed to pay Velocity Trade a monthly fee of $6,000 per month. Velocity Trade and Omai Gold are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release.
Rhea-AI Impact
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End-of-Day
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News
Omai Gold Announces New Director Derek Macpherson and AGM Results
Rhea-AI Summary
Omai Gold Mines Corp. (OMG) announces the election of Mr. Derek Macpherson to the Board of Directors, the results of the Annual General and Special Meeting (AGSM), and the granting of incentive stock options to a director of the Company. Mr. Macpherson brings over ten years of capital markets experience in mining and technical expertise as a metallurgist. The AGSM saw the re-election of existing directors and the addition of Mr. Macpherson to the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.53%
Tags
management
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News
Omai Gold Announces 7.69 g/t Au over 9.5m and 3.4 g/t over 15.0m from Exploration Target and Commences Updated Mineral Resource Estimate for Wenot
Rhea-AI Summary
Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) announces the completion of its 2023 Omai drill program, releasing strong drilling results from the Wenot gold deposit and extension in Guyana. The company is engaged in preparing an updated Mineral Resource Estimate and expects to proceed with a Preliminary Economic Assessment (PEA) immediately thereafter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
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none
News
Omai Gold Drills 5.89 g/t Au over 12.0m and 8.7 g/t Au over 4.6m at the West Wenot Target
Rhea-AI Summary
Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) announces further strong drill results from the Company's Omai gold project in Guyana. The new assays for diamond drill holes 23ODD-066, -067, and -068 extend the multiple gold-zones of the Wenot deposit and are expected to impact the upcoming Mineral Resource update positively. The company anticipates accelerated timelines and lower capital costs for the project, given its brownfields nature and existing infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
none
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News
Omai Gold Drills 2.26 g/t Au over 70.0m, Including 4.6 g/t Au over 19.2m at Wenot West Extension
Rhea-AI Summary
Omai Gold Mines announces excellent drill results from the Omai gold project in Guyana, including a 70.0m wide intercept with gold grades well above the current resource estimate grade. An updated Mineral Resource Estimate will commence soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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Omai Gold Drills 4.54 g/t Au over 27.5 m, 1.83 g/t over 25.5 m and 2.37 g/t over 12.5 m in Hole 23ODD-065 at Wenot
Rhea-AI Summary
Omai Gold Mines Corp. announces excellent drill results from the Omai gold project in Guyana, with wide zones of gold mineralization and visible gold identified. The drilling is expected to positively impact the resources and a preliminary economic assessment is planned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.25%
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none
News
Omai Gold Drills 5.18 g/t Au over 20.2 m (including 12.7 g/t Au over 7.9 m) and 5.86 g/t over 13.0 m at Wenot
Rhea-AI Summary
Omai Gold Mines Corp. announces additional drill results from the Omai gold project in Guyana. Hole 23ODD-064 confirms continuity of gold bearing structures with impressive intersections. Results expected to positively impact resources and mineral resource estimate.
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End-of-Day
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OMAI GOLD MINES CORP

OTC:OMGGF

OMGGF Rankings

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OMGGF Stock Data

40.73M
338.56M
3.08%
7.75%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Toronto