Guyana Goldfields awarded Sedgman Ltd. a $134 million engineering, procurement and construction (EPC) contract for its flagship Aurora gold project in Guyana. The contract will be delivered through the GSJV joint venture that Sedgman has established with Graña y Montero (GyM), a leading South American constructor. The Aurora project win comes on the back of Sedgman’s successful delivery of the Mungari gold project in Western Australia, which achieved first gold pour earlier this month.
CEO and Managing Director Nick Jukes said this was a significant contract win for Sedgman given current market conditions and further strengthened the company’s reputation as a gold processing specialist.
“This is the first major project to be delivered via the GSJV, which combines Sedgman’s process knowledge and operational experience with GyM’s local construction knowledge,” Jukes said. “Sedgman is experienced in delivering reliable and efficient processing plants across a range of commodities in some of the world’s most remote regions including Mongolia, Mozambique and Botswana. The GSJV will use proven technology together with local experience to deliver the Aurora project in Guyana on time, on budget and safely for Guyana Goldfields.”
Early site work commenced in January of this year with the project scheduled to reach commercial production by mid-2015. The mine plan for Aurora is designed to produce 3.29 million oz of gold, averaging 194,000 oz/yr, over an initial 17-year mine life. The scope of works includes a 1.75-million-metric-ton-per-year processing plant, power station and integration management.
