# Omai values Guyana gold project at $4B Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/omai-values-guyana-gold-project-at-4b--383030e1-7ec8-4e06-88db-f297446bc5ea Original source: https://www.canadianminingjournal.com/news/omai-values-guyana-gold-project-at-4b/ Publisher: canadianminingjournal Original announcement: 2026-08-19T16:40:38.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Omai Gold Mines - Ticker: OMG - Exchange: Unavailable - Region: Guyana - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 02:30:27 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Omai Gold Mines has released a Preliminary Economic Assessment \(PEA\) for its Omai project in Guyana, valuing the gold project at $4 billion NPV. The study assumes a gold price of $3,600/oz and outlines a potential 18-year mine life producing 6.3 million ounces of gold. Reasoning: The Preliminary Economic Assessment \(PEA\) significantly upgrades the project's valuation and scale compared to previous studies, though capital intensity remains a factor. - Positive factor: Significant NPV increase to $4B - Positive factor: Large scale resource \(6.3 million oz gold\) - Positive factor: Long life of mine \(18 years\) - Positive factor: Past producer benefits \(infrastructure, known metallurgy\) - Negative factor: High initial capital costs \($1.42 billion\) - Negative factor: Relatively long payback period \(4.1 years\) Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The article discusses a new PEA and references a recent resource update for the project. Evidence · text > The PEA comes just four months after Omai released a resource update ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/omai-values-guyana-gold-project-at-4b--383030e1-7ec8-4e06-88db-f297446bc5ea#fact-resource-facts-0) Omai · gold #### Identity - Project: Omai - Commodity: gold - Region: guyana - Reported Region: Guyana - Ticker: OMG #### Resource scope - Estimate type: resource - Resource group id: resource:5d0de2f00e8247797ba3 - Deposit or zone: Omai - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 38100000 - Grade: 2.04 - Grade Unit: g/t - Contained Metal: 2.5 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-19T00:00:00.000Z Reasoning: Indicated resource component of the project. - Positive factor: Large indicated resource base Evidence · text > Omai hosts 38.1 million indicated tonnes grading 2.04 grams gold per tonne for 2.5 million oz. contained metal #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/omai-values-guyana-gold-project-at-4b--383030e1-7ec8-4e06-88db-f297446bc5ea#fact-resource-facts-1) Omai · gold #### Identity - Project: Omai - Commodity: gold - Region: guyana - Reported Region: Guyana - Ticker: OMG #### Resource scope - Estimate type: resource - Resource group id: resource:f5aa3ad65e9fd8a33c5c - Deposit or zone: Omai - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 106600000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 5.5 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-19T00:00:00.000Z Reasoning: Inferred resource component of the project. - Positive factor: Significant inferred resource volume - Negative factor: Inferred category carries higher geological risk Evidence · text > 106.6 million inferred tonnes at 1.59 grams for 5.5 million ounces #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.