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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
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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Technical Study Jun 24, 2026 · 07:02

Omai Gold advances its 50,000m Wenot drilling program with high-grade intercepts ahead of the Q3 preliminary economic assessment.

Drill Results