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The Toroparu mine is estimated to be one of the largest gold mining projects in Guyana. The mine is located in the north-west of the country in Cuyuni-Mazaruni. The mine has estimated reserves of 6 million oz of gold.
Gold X Mining, (formerly Sandspring Resources) has plans develop three open-pit mines with a mine life of 22 years (per 2019 estimate) with possible mining of copper and silver. The company has invested more than US$150 million to discover and delineate its gold mineral resources, as well as to complete engineering and environmental studies, including a 225 km road from Georgetown to make the mine accessible completed in 2003. The company has a Memorandum of Understanding with the government of Guyana for plans to develop a hydropower plant at the Kumarau Falls on the Kurupung River.
The company anticipates the government of Guyana will issue their mining license in 2021 after a final feasibility study.
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