Northwire Canada EditionMonday, September 14, 2026
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GOLD 4333.40 −1.7% SILVER 63.41 −2.7% COPPER 6.42 −1.9% OIL 103.53 +3.5% PALLADIUM 1288.50 −2.7% KCC 1.10 +0.9% ZEN 0.720 +1.4% WRN 3.34 +0.6% GTC 0.960 +4.3% EDM 0.750 −3.9% DIAM 0.025 +0.0% ARG 8.28 +0.4% ONAU 0.740 −3.9% TGOL 0.185 +5.7% NCF 0.400 −1.2% PGZ 0.170 +3.0% FRED 0.730 +2.8% S 0.260 +2.0% EM 4.85 −2.0% LGO 0.930 −2.6% TNR 0.260 −5.5% GOLD 4333.40 −1.7% SILVER 63.41 −2.7% COPPER 6.42 −1.9% OIL 103.53 +3.5% PALLADIUM 1288.50 −2.7% KCC 1.10 +0.9% ZEN 0.720 +1.4% WRN 3.34 +0.6% GTC 0.960 +4.3% EDM 0.750 −3.9% DIAM 0.025 +0.0% ARG 8.28 +0.4% ONAU 0.740 −3.9% TGOL 0.185 +5.7% NCF 0.400 −1.2% PGZ 0.170 +3.0% FRED 0.730 +2.8% S 0.260 +2.0% EM 4.85 −2.0% LGO 0.930 −2.6% TNR 0.260 −5.5%
Technical Study Routine +

Omai Gold Reports Positive Metallurgical Testwork at its Omai Project with Gold Recoveries from 93% to 95%

Omai Gold’s clean metallurgy results support its upcoming Q3 preliminary economic assessment for its Guyana project.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 07:02 OMG · 2.24 OMAI Gold Mines Corp.
Executive Summary
  • Omai Gold released Phase 1 metallurgical testwork results for its Wenot and Gilt deposits.
  • Gold extraction rates range from 93% to 95% using conventional carbon-in-leach (CIL) processing.
  • Optimal processing parameters identified: 32-hour retention time and a grind size of 80% passing 75 microns.
  • Mineralogy is clean, lacking deleterious components such as organic carbon, tellurides, or antimony.
  • Results validate historical recoveries (>92%) and support a Preliminary Economic Assessment (PEA) targeting 20,000–25,000 tonnes per day throughput.
  • The PEA is expected in 4–6 weeks, incorporating conventional milling/CIL processing and updated resource estimates.
Material Impact
  • The metallurgical results are a standard, expected milestone in the pre-feasibility pathway and align with prior management guidance.
  • They confirm that the expanded resource base (2.5 Moz Indicated, 5.5 Moz Inferred as of April 2026) can be processed efficiently with conventional methods.
  • No new resource growth, financing, or operational changes were announced; the update is incremental and serves to de-risk the upcoming PEA.
  • The clean mineralogy reduces technical risk, but does not alter the fundamental valuation or timeline materially.
OMG · Price
Company Overview
  • Omai Gold Mines Corp. is developing the 100%-owned Omai Gold Project in the Potaro Mining District, Guyana.
  • The project is a past producer (1993–2005) that generated 3.8 million ounces of gold.
  • Flagship deposits: Wenot (shear-hosted, open pit potential) and Gilt Creek (intrusion-hosted, underground potential).
  • April 2026 Mineral Resource Estimate: 2.495 Moz Indicated @ 2.04 g/t Au and 5.465 Moz Inferred @ 1.59 g/t Au.
  • The company is advancing toward an updated PEA incorporating an expanded Wenot super-pit and Gilt Creek underground mine.
Read the original news release →

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Production / Operations