Canadian company eyes $300B investment, 6.3M ounces of gold, 2,000 jobs
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Finance
August 20, 2026
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…pursues large-scale mining operations at Omai
With a projected production of over 6 million ounces of gold, Avalon Gold Exploration Inc is touting a large-scale operation at the OMAI Gold Project in Region Seven (Cuyuni-Mazaruni) – a potential $300 billion investment that would create of thousands of jobs for Guyanese.
This is according to a Preliminary Economic Assessment (PEA) announced on Wednesday by Avalon – the wholly owned Guyanese subsidiary of Canada-based Omai Gold Mines Corp.
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