Why Gold X?
The Gold X management team have created billions of dollars of shareholder value, responsible for numerous successful sales.
Toroparu is one of the largest undeveloped gold deposits in the Americas with 7.35 million ounces of Measured & Indicated gold and 3.15 million ounces Inferred.
Despite Toroparu's advanced development stage with key permits in place, its size, and its top quartile project metrics, Gold X trades at a deep discount to its peers.
According to the IMF, Guyana is projected to become the fastest growing economy in the world as offshore production begins in 2020 following multi-billion-barrel offshore oil discoveries by ExxonMobil – Guyana’s production share committed to the development of economic infrastructure.
“The IMF has considered the change in the price of oil due to the price war between Saudi Arabia and Russia as well as COVID-19’s effects on the overall global demand for oil and revised Guyana’s growth projection to 52.8 %.”
– IMF World Economic Outlook, April 2020
“The Guiana shield is 50 years behind in everything related to geologic knowledge. In 2018, 12% of the gold in South America was produced out of Guyana and Suriname, but only 9% of the exploration budgets went to that area”
– Marc Bardoux, Chief Geologist Barrick, April 2020
Significant potential to upgrade inferred resources and classify additional resources in proximal targets.
10 Advanced-stage exploration targets within the 20KM x 7KM hydrothermal alteration halo surrounding Toroparu.