Aug 23, 2026 Editorial, News

(Kaieteur News) – If there is one thing to be said about the Canadians, it is they have an incredible appetite for Guyana’s gold lands. At one time, the Chinese held that honour. Today the Canadians have muscled in and shoved the Chinese to the role of secondary players in Guyana’s lucrative gold sector.

There is now a total of 13 Canadian gold companies operating in Guyana’s rich gold belt. G Mining Ventures (GMIN), Aris Mining, G2 Goldfields, and Omai Gold Mines are among the bigger, more well-known names. More recently, XAU Resources and Fortuna Mining Corp joined the great Guyana gold rush. From acquisitions of other foreign gold companies or secret partnerships with local holders of large tracts of gold lands, the Canadians have extended their footprint, and are now the force to reckon with in Guyana’s gold sector. To put it bluntly, the Canadians seem to have the Government of Guyana in a vice, and a stranglehold over gold operations in Region Seven (Cuyuni-Mazaruni) and Region One in Guyana’s Northwest. The Canadians are not fixated on gold alone. Another Canadian firm, U92 Energy Corp, just closed out its acquisition of a Singaporean firm, to explore for uranium in the Kurupung area.