GUYANA Goldfields Inc. on Wednesday announced that one of its directors, Peter Dey has resigned.

The Canadian gold mining firm stated in a press release that it “reluctantly” accepted Dey’s resignation, noting that he resigned for health reasons. Dey, who resigned with immediate effect, joined the Company as an independent director on March 6, 2019 and the Board said that it will initiate a search for a successor to replace him immediately.

René Marion, Non-Executive Chairman, stated, “Although Mr. Dey’s tenure on the Board was brief, he actively participated, among other things, in the refreshment of the Board’s governance system. We would like to thank him for his significant contributions and wish him all the best in the future.”

Guyana Goldfields through its Aurora Gold Mines project has been working to boost its annual gold production here in Guyana.

In April, it was reported that from the third quarter of 2019 to 2021, the company intends to conduct both open-pit along with exploration and underground development activities in preparation for production in 2022 and onwards.

The exploration development phase will cost an estimated US$25M with an estimated US$100M to be spent on the production phase.

For a safe transition, during the first year of exploration development, an Underground Development and Mining Methods Training Centre will be established for workers and government stakeholders to be trained in underground mining.

Chief Executive Officer (CEO) of Guyana Goldfields, Scott Caldwell, told media operatives in April that in the next three years, some 300 additional workers will be needed for the functionality of the underground mining area. The company currently has some 700 workers.

He stated that Guyana Goldfields’ staff consists of 96 per cent Guyanese and the company is working to eventually transform into a 100 per cent Guyanese company.