Guyana Goldfields’ Shareholders launch Website on plans to rectify company

A group of concerned shareholders who have a 5.4 percent stake in Guyana Goldfields Inc. have launched a website, FixGUYGold.com. This initiative is said to be one to keep others informed about their plan to rectify performance issues at the company, lead a share price recovery and seek a value-maximizing transaction. The concerned shareholders include Northfield Capital […]

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Guyana Goldfields’ share price tumbles by 70 percent

According to the Toronto Stock Exchange, the share price for Guyana Goldfields Inc. has tumbled by 70 percent. It is now trading at CDN$1.66. Shareholders are now worried that the drastic fall in share price may make the company an easy target for “takeover”. Specifically making this comment is Patrick Sheridan, founder and former Executive […]

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Ticketing system outage hampers CAL operation

Caribbean Airlines earlier today announced that its ticketing capacity up to a few hours ago was unavailable owing to an outage of Amadeus. However, CAL a few moments ago advised that the problem with the Amadeus Passenger Service system, which affected its reservations and online services, has been resolved. As such all services at CAL […]

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Guyana Goldfields Board sets date to address concerns of shareholders

On May 22, the Executive Board of Guyana Goldfields Inc. will meet to address some of the key concerns raised by some of its shareholders which have a five percent stake in the company. The shareholders are Northfield Capital Corporation’s Robert Cudney, Donald Ross, Gretchen Ross, and Patrick Sheridan. Two weeks ago, the group accused […]

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Exxon’s partner takes billion dollar blow in market trade value after Venezuelan incursion

One of ExxonMobil’s partners in the oil rich-Stabroek Block, Hess Corporation, took a huge blow to its market value after a Venezuelan military ship intercepted civilian vessels which were hired by Exxon to conduct seismic work within its licensed blocks. After the calculations were done, it was noted that the incident which took place on […]

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Concerned Shareholders report Guyana Goldfields to Toronto Stock Exchange

The Toronto Stock Exchange (TSX) has been asked by a group of concerned shareholders to monitor any proposal made by Guyana Goldfields Inc. for signs of entrenchment, shareholder dilution or attempts to structure around regulatory shareholder approval requirements. Making the request are Northfield Capital Corporation’s Robert Cudney, Donald Ross, Gretchen Ross, and Patrick Sheridan. Together, […]

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Gold Sector revenues to reach US$101M in 2020 — UNDP Rep

Revenues from large scale gold mines in Guyana are expected to be at their highest in 2020 reaching some US$101M. This is according to a study conducted by the United Nations Development Programme (UNDP). Specifically making this known from the report was UNDP Resident Representative, Ms. Mikiko Tanaka. The official noted however that this money […]

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Guyana Goldfields Board left investors in the dark-Concerned Shareholders

Not only did the current Board of Directors of the Guyana Goldfields Inc. lose over CDN$1B (US$733M) in shareholder value due to a series of reckless decision making, but much of what they have been doing was hidden from shareholders. Raising these concerns to the Canadian headquarters and several local industry regulators are Northfield Capital Corporation’s Robert […]

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Guyana Goldfields Board loses over US$733M in shareholder value

The Board of Directors for Guyana Goldfields Inc. is being accused of losing over CDN$1B which is around US$733M in shareholder value accumulating since 2016. As a result of this, a group of concerned shareholders is calling on the local office to have the Board be replaced immediately by competent individuals. Specifically, Northfield Capital Corporation’s Robert […]

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95 percent of GWI customers metered

More than 95 percent of Guyana Water Incorporated (GWI) customers are currently metered. This development, GWI announced today, has allowed for the removal of the disparity in revenue collection between metered and unmetered customers. The water company has also announced an increase in infrastructure capital investment. These notable accomplishments are part of a five-year strategic […]

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