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According to a report in 2011"In recent years, the Guyanese government has shown initiatives to increase the revenue from gold mining and attract foreign investment, as well as better regulate an unruly industry. The last underground mine in Guyana was Canadian-owned Cambior’s Omai mine, which was closed in 2005 after the collapse of a toxic tailings dam, but once again international companies have been exploring the country for viable operations...

"The growing global demand is attracting a number of foreign gold exploration companies to Guyana. Guyana Frontier Mining (TSE: GYG) began acquiring interests in the country in 2007, and has begun reporting drilling results for their projects. GMV Minerals Inc. (CVE:GMV) is another company which picked up a very large property position from the largest surface miner in Guyana and is now in its early stage but a very extensive property position with numerous surface mining projects under way." [1]

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  1. goldinvestingnews The Recent Growth of Gold Mining in Guyana, organizational web page, accessed October 20, 2012.