| Toroparu mine | |
| Pushpin Map: | Guyana |
| Subdivision Type: | Region |
| State/Province: | Cuyuni-Mazaruni |
| Country: | Guyana |
| Owner: | Gold X Mining |
| Official Website: | https://goldxmining.com/ |
| Products: | Gold |
The Toroparu mine is estimated to be one of the largest gold mining projects in Guyana. The mine is located in the north-west of the country in Cuyuni-Mazaruni.[1] [2] The mine has estimated reserves of 6 million oz of gold.[2]
Gold X Mining, (formerly Sandspring Resources[3]) has plans develop three open-pit mines with a mine life of 22 years (per 2019 estimate) with possible mining of copper and silver. The company has invested more than US$150 million to discover and delineate its gold mineral resources,[4] as well as to complete engineering and environmental studies, including a 225 km road from Georgetown to make the mine accessible completed in 2003.[5] The company has a Memorandum of Understanding with the government of Guyana for plans to develop a hydropower plant at the Kumarau Falls on the Kurupung River.[6] [7]
The company anticipates the government of Guyana will issue their mining license in 2021 after a final feasibility study.[8]