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'Ugly summer' in Guyana as big oil detracts from mining

Massive discoveries of oil offshore Guyana has markets giddy with excitement – taking some of the limelight from the small domestic mining industry.

'Ugly summer' in Guyana as big oil detracts from mining 'Ugly summer' in Guyana as big oil detracts from mining 'Ugly summer' in Guyana as big oil detracts from mining 'Ugly summer' in Guyana as big oil detracts from mining 'Ugly summer' in Guyana as big oil detracts from mining

The Toroparu project represents a world-class asset, holding about 10.42 million ounces of gold grading on average 0.85gpt, contained in 382 million tonnes

Since early 2017, Exxon Mobil Corp (NYSE:XOM) has announced giant discoveries of crude oil near the Guyana coast line, outlining about five billion barrels of oil reserves in a very short time frame.