Omai Gold Mines Corp. (V:OMG)
Business Focus: Gold (NEC)
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for OMG within the last 6 months
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Company News
Apr 04, 2024 10:44 ET
Canadian Investment Regulatory Organization Trade Resumption - OMG
VANCOUVER, BC, April 4, 2024 /CNW/ - Trading resumes in:
Apr 04, 2024 10:26 ET
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
Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce positive results from its first Preliminary Economic Assessment ("PEA") for the Wenot Project, one of the two gold deposits located on its 100%-owned Omai Property, in Guyana. The PEA supports an initial open pit mining scenario for production averaging 142,000 ounces of gold per year over a 13-year mine life, with peak year production of 184,000 ounces. Total Wenot production is estimated at 1,840,000 ounces of payable gold. A spot gold price sensitivity of $2,200/oz supports an after-tax Net Present Value5% ("NPV") of $777 million, a 24.7% Internal Rate of Return ("IRR"), and a payback period of 3.5 years.
Valuation Ratios
Industry
Sector
Beta
2.78
--
--
Price to Sales - TTM
--
7.00
4.51
Price to Book - most recent quarter
8.28
1.94
1.98
Price to Cash Flow per share - TTM
--
16.50
9.58
Price to Free Cash Flow per share - TTM
--
45.08
20.17
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 22,736 | -23,269 |
| Mar 31, 2024 | 46,005 | -385,615 |
| Mar 15, 2024 | 431,620 | 389,392 |
Business Summary
| Sector: Basic Materials | Industry: Gold |
Omai Gold Mines Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the acquisition, exploration, evaluation, and development of mineral properties. The Company, through its wholly owned subsidiary, Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company is focused on the exploration of the past producing Omai Gold Mine in the Potaro Mining District of Guyana. The Omai property is located 165 km south-southwest of the capital city of Georgetown, Guyana. The Company also has a 100% ownership interest in the Grenfell Gold property in Kirkland Lake, Ontario.
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