By Saskia Warrick | November 6, 2024
The Oko West Gold Project, a US$1.5 billion initiative, is poised to revolutionize Guyana’s mining industry.
Set to begin operations in 2027, the project promises to reshape the country’s mining landscape and create substantial economic opportunities.
Located 95 kilometers southwest of Georgetown, the 44-square-kilometer site is expected to produce over 350,000 ounces of gold annually once it becomes operational.
The project reflects years of development within the mining sector, building upon past struggles and the nation’s growth in resource extraction.
Minister of Home Affairs, Robeson Benn, emphasized that Guyana is at a pivotal moment, leveraging synergies from the booming oil and gas sector to support the mining industry.
He highlighted that the Oko West project will generate significant job opportunities, contributing to the national economy and the livelihoods of many Guyanese citizens.
Bjorn Jueue, Country Manager of G Mining Ventures, described Oko West as a major advancement for the nation’s resource development.
He noted that the project is expected to create at least 1,500 jobs, with a strong focus on local capacity building and educational support, ensuring the long-term sustainability of the mining sector.
As Guyana moves forward, the Oko West Gold Project is positioned to play a central role in the country’s economic future, driving prosperity through its vast natural resources.