GEORGETOWN, Guyana, Sept 10, CMC – Guyana is moving ahead with plans to develop a gold mining project at Eagle Mountain, with construction expected to begin in the third quarter of 2027 and gold production estimated to start by the end of 2028.
The Government of Guyana on Thursday signed a Mineral Agreement with Mako Mining Corp. and its wholly owned subsidiary,Stronghold Guyana Inc., for the Eagle Mountain Gold Project.
The agreement was signed by the Government of Guyana through the Ministry of Natural Resources, the Guyana Geology and Mines Commission (GGMC), Mako Mining Corp. and Stronghold Guyana Inc.
The government said the agreement establishes the legal, fiscal and operating framework for the project.
Mako Mining has maintained a presence in Guyana for more than 10 years and has developed a longstanding relationship with the country and its mining sector.
The company has already begun preparatory activities for the Eagle Mountain project. Gold production remains subject to the completion of the requisite regulatory and environmental approvals.
The government said it expects the project to create opportunities for employment, training and skills development, as well as increased participation by qualified Guyanese workers, contractors, suppliers and service providers.
The agreement also includes commitments related to environmental stewardship, community development and social programmes.
The Ministry of Natural Resources said it will work with the GGMC and other relevant agencies to facilitate the responsible advancement of the project while ensuring compliance with Guyana’s laws and protecting the country’s environmental, social and economic interests.
The government said the agreement represents an important milestone in advancing development of the Eagle Mountain gold resource and reflects its commitment to facilitating responsible investment in Guyana’s mining sector.
CMC/ed/2026