Omai Gold Mines

What Omai Gold Mines does

Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in central Guyana, South America. The company holds two adjacent orogenic gold deposits: the Wenot shear-hosted open-pit deposit and the Gilt intrusion-hosted underground deposit. As of April 14, 2026 the updated NI 43-101 Mineral Resource Estimate totals 8 million ounces of contained gold (2.5 million oz Indicated at 2.04 g/t Au plus 5.5 million oz Inferred at 1.59 g/t Au), making Omai the largest gold project in Guyana. Five diamond drill rigs are executing a 50,000-metre program to convert inferred to indicated resources and test satellite targets on this prolific past-producing gold camp.

The project is a brownfields site on the historic Omai Gold Mine, which produced over 3.7 million ounces from 1993 to 2005 before closing when gold was below US$400 per ounce. Existing infrastructure and paved highway connectivity to Georgetown and Linden materially reduce development capex. Phase 1 metallurgical testwork by SGS Canada (Lakefield) confirmed gold recoveries of 93-95% using conventional bottle roll leach and CIL processing at a 32-hour retention time. The combined open-pit and underground Preliminary Economic Assessment is targeting 250,000-300,000 oz/year at 20,000-25,000 tonnes per day, more than doubling the prior 142,000 oz/year open-pit-only plan.

The company is pre-revenue and funds exploration and development through equity financings. It is listed on the TSX Venture Exchange (TSX-V: OMG) and OTC markets (OTC: OMGGF), with a C$40 million bought deal private placement closed in October 2025 and further raises through 2024-2025. SLR Consulting was engaged in early 2026 to deliver the updated Mineral Resource Estimate and PEA, the latter expected in Q2 2026. Go-to-market is structured around traditional mining-sector investor relations (news wires, webcasts, industry conferences, TSX-V visibility) targeting institutional mining funds and gold-sector acquirers. Headcount is reported at 1-10 employees, with operations coordinated from Toronto and project sites in Georgetown and Linden, Guyana. CEO Elaine Ellingham leads the company.

Name

Omai Gold Mines

Legal name

Omai Gold Mines Corp.

Website

https://omaigoldmines.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Omai Gold Mines Corp. is a Canadian gold exploration and development company advancing its 100%-owned Omai Gold Project in Guyana, hosting two adjacent deposits (Wenot open-pit and Gilt underground) with an 8 million-ounce resource and a PEA in progress.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold exploration
• Mineral resource development
• Mining project development
• Orogenic gold deposits
• Open-pit underground mining

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Others

Revenue model

1. Gold Production (Future): Omai Gold Mines is a pre-revenue exploration and development stage company. The company is advancing its Omai Gold Project in Guyana toward production. Future revenue will be derived from gold mining operations and sale of extracted gold. The company completed a C$40 million bought deal private placement in October 2025 to fund exploration and development activities.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Omai Gold Mines Corp. is a Canadian gold exploration and development company advancing its 100%-owned Omai Gold Project in central Guyana, South America. The project comprises two adjacent orogenic gold deposits — the Wenot shear-hosted open-pit deposit and the Gilt intrusion-hosted underground deposit — with combined resources of approximately 8 million ounces of gold. The company is conducting aggressive diamond drilling campaigns and metallurgical testwork to advance the project toward production, with a Preliminary Economic Assessment expected in Q2-2026.

Product overview

Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in Guyana, South America. The project hosts two adjacent orogenic gold deposits: the Wenot shear-hosted open pit deposit and the adjacent Gilt intrusion-hosted underground deposit. As of April 2026, the updated Mineral Resource Estimate shows 2.5 million oz (Indicated) at 2.04 g/t Au plus 5.5 million oz (Inferred) at 1.59 g/t Au. The company is preparing a Preliminary Economic Assessment expected Q2-2026. This is a mining asset development company, not a software or technology products company.

Differentiator

Problem solved

Functional benefit

Products and services

• Omai Gold Project A large-scale gold exploration and development project comprising two adjacent orogenic gold deposits (Wenot shear-hosted open-pit and Gilt intrusion-hosted underground) with an updated Mineral Resource Estimate of 8 million oz (2.5M oz Indicated + 5.5M oz Inferred) announced April 14, 2026. Targeted for future gold production of 250,000-300,000 oz per year via combined open-pit and underground operations.

Quantifiable outcome

• 22% increase in contained gold resources to 8 million oz announced April 2026
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• SGS CanadacoreTechnology or Integration · 22 June 2026SGS Canada at its Lakefield, Ontario facility conducted Phase 1 metallurgical testwork evaluating 72 composite samples totaling 558 kilograms using conventional bottle roll leach and CIL processing. The testing confirmed gold recoveries of 93-95% and rapid gold dissolution kinetics with 32-hour retention time as optimal. This testing supports the upcoming Preliminary Economic Assessment and feasibility study planned for 2027.
• SLR ConsultingcoreImplementation/ SI/ Consulting Partner · 22 January 2026SLR Consulting was engaged to complete an updated Mineral Resource Estimate (MRE) expected in Q1 2026 followed by an updated Preliminary Economic Assessment (PEA) in Q2 2026. The company is providing technical consulting services for the Omai Gold Project's resource estimation and economic evaluation.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Probe Gold Inc. Canadian gold developer focused on the Novador Project in Quebec. Comparable as a Canadian-listed, multi-million-ounce advanced gold developer pursuing PEA-to-DFS progression.
• Aris Mining Corporation: Mid-tier gold producer with operating mines in Guyana (and Colombia), making it the closest operating peer to Omai in the same Guiana Shield jurisdiction. Directly comparable on jurisdiction, commodity, and stage benchmarking.
• G Mining Ventures Corp. Canadian gold developer advancing the Tocantinzinho Gold Project in Brazil from construction into production. Closely comparable as a near-term Canadian-listed gold developer with brownfield-style development economics.
• Canagold Resources Ltd. Canadian gold developer advancing the New Polaris project in British Columbia. Comparable as a Canadian-listed single-asset gold developer in the feasibility/PEA stage.
• O3 Mining Inc. Canadian gold developer advancing the Marban Alliance project in Quebec toward production. Comparable on stage, listing, and multi-million-ounce resource development profile.

Broad incumbents

• IAMGOLD Corporation: Mid-tier gold producer with operating assets across the Guiana Shield (Rosebel in Suriname) and West Africa. Comparable as a larger incumbent with direct Guiana Shield exposure and a pathway for benchmarking production economics and regional M&A.
• Alamos Gold Inc. Established mid-tier gold producer with operations in North America and Turkey. Comparable as a benchmark for what a multi-asset, mid-tier gold producer's valuation profile looks like once Omai reaches production.
• Endeavour Mining plc: Largest senior gold producer in West Africa with a multi-asset portfolio. Comparable as a benchmark for the regional mid-tier gold producer profile and as a potential M&A consolidator.

Emerging players

• Cabral Gold Inc. Junior gold explorer with assets in Brazil, also focused on Guiana Shield / South American orogenic gold systems. Comparable as an emerging exploration-stage peer with similar geological targeting.
• Newcore Gold Ltd. Junior gold developer advancing the Enchi Gold Project in Ghana through resource expansion and PEA. Comparable as an emerging single-jurisdiction gold developer at a similar stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AnconiaResource
• Facebookfacebook.com/OmaiGoldMines
• LinkedInlinkedin.com/company/omaigoldmines

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Omai Gold Mines