Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

Omai Gold Provides 2025 Highlights and Outlook for 2026

Omai Gold Caps "Spectacular" 2025 with $57M War Chest; Eyes Tier-1 Status in Guyana

By The Northwire Desk — AI Analysis Jan 08, 2026 · 08:37 OMG · 1.44 OMAI Gold Mines Corp.
Executive Summary

The most recent release (January 8, 2026) summarizes a transformative 2025 and sets milestones for 2026. Omai completed approximately 39,000m of diamond drilling—significantly exceeding its original 15,000m plan. The company ended the year with a robust cash position of $57 million CAD. Key resource metrics remain steady following the August 2025 update, with 2.12 million ounces Indicated (2.07 g/t Au) and 4.38 million ounces Inferred (1.95 g/t Au). The release highlights a "proof of concept" deep hole (25ODD-122W) that intersected the Wenot Shear at 700m depth, proving vertical continuity. Looking forward, the company expects an updated Mineral Resource Estimate (MRE) in Q1 2026 and a new Preliminary Economic Assessment (PEA) in Q2 2026.

Material Impact
  • Resource Confidence: The transition from a "Wenot-only" open pit focus to a combined Wenot (open pit/underground) and Gilt Creek (underground) model significantly expands the potential mine life. The 92% increase in Inferred resources reported in late 2025 is now being validated by deep-drilling "sixes" (Management's term for home runs).
  • Financial De-risking: Raising $65.3 million CAD across two financings in 2025 ($25.3M in Feb and $40M in Oct) has removed immediate "going concern" risks. The $57M year-end balance provides a massive runway for the planned 2026 Feasibility Study work.
  • Execution: Management consistently exceeded drilling targets throughout 2025. The shift in pricing assumptions ($2,500/oz gold in the August MRE) captured more ounces but lowered the average grade slightly; however, recent high-grade hits (e.g., 11.07 g/t over 14.7m) suggest the grade profile may improve in the Q1 2026 update.
  • Permitting: The engagement of ERM and the submission of the EIA application move the project toward a Mining License, a critical hurdle for any "Material" rating.
OMG · Price
Company Overview

Omai Gold Mines Corp. is focused on the redevelopment of the past-producing Omai Gold Mine in Guyana. The Omai project produced over 3.7 million ounces between 1993 and 2005 and was closed only due to sub-$400/oz gold prices. The flagship project consists of the Wenot Shear-hosted deposit and the Gilt Creek intrusion-hosted deposit. The project benefits from brownfield infrastructure, including road access and an airstrip.

Read the original news release →

More from OMAI Gold Mines Corp.

Nov 12, 2026 · 06:31

Omai confirms grade in Wenot infill drilling, with mineral resource conversion remaining the key catalyst for the project.

Drill Results Oct 08, 2026 · 07:01

Omai mobilizes its sixth drill for the BBH target following the filing of a $4 billion NPV pre-feasibility study.

Drill Results Oct 05, 2026 · 08:31

Omai’s Guyana Gold Project PEA confirms a $4 billion net present value, 24% internal rate of return, and a 351,000 ounces per year production target.

Technical Study Sep 14, 2026 · 06:01

Omai’s 6.3 million ounce Guyana project gains liquidity following ETF inclusion after its preliminary economic assessment.

Technical Study Sep 01, 2026 · 06:46

Omai’s broad Wenot infill drilling confirms a PEA-scale system without delivering a new step-change in resource definition.

Drill Results Aug 19, 2026 · 07:04

Omai’s preliminary economic assessment outlines a 6.3 million ounce, 18-year mine with a $4.0 billion net present value at $3,600 gold.

Technical Study