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Omai Gold MinesTSXV:OMG

Gold explorer, with a project stated to be in paved highway within 8-10 km of project.

NoneGuyana — as stated on the recordings

explorer gold NoneGuyana
Nov 2025 → Jun 2026Covered
9 of 10Topics on record
6Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 3 interviews with the company · 2 independent recordings
Stage
Explorer
Primary commodity
Gold
Jurisdiction
paved highway within 8-10 km of project
Latest appearance
26 Jun 2026
On record
3 interviews · 51 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
8 million oz
Management-stated Elaine Ellingham Jun 2026
Grade
Winip deposit running a gram and a half
Management-stated Elaine Ellingham Jun 2026
Capital needed
hydropower transmission line planned within 20-22 km, LNG plant planned 165 km away
Management-stated Elaine Ellingham Jun 2026
What happens next
about 4 or 6 weeks out
Management-stated Elaine Ellingham Jun 2026
The main open question
The PEA is the first economic test and due in 4–6 weeks; until then, no mineable ounce count, strip ratio, or capex exists.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
2 independent voices on record — 2 constructive
Jamie Keech, Samuel Pelaez
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Capex ● Lower 2 statements on record
27 Nov 2025
12,000 to 15,000 ton per day mill operation
“we're probably looking at something that's maybe a 12,000 15,000 ton per day mill which is quite a large operation”
26 Jun 2026
hydropower transmission line planned within 20-22 km, LNG plant planned 165 km away
“a hydropower project...would bring a grid like a transmission line within 20 22 km of of the Omai site...they have an LNG plant, a liquefied natural gas plant planned for just about 165 km away”
Study due ? Wording changed No comparable date in one of the two statements 2 statements on record
27 Nov 2025
Updated PEA in 2026
“our next process is doing our community consultation... we're still we still don't have that updated pea”
26 Jun 2026
about 4 or 6 weeks out
“we're just in the process of doing that PEA. So, you know, the great reveal is about 4 or 6 weeks out.”
Permitting ? Wording changed No comparable date in one of the two statements 3 statements on record
27 Nov 2025
Environmental permit obtained November prior year, EIA in process
“our permitting application we got our environmental permit last November”
26 Jun 2026
single permit directly from government, following precedent of recently permitted large-scale mine
“the land tenure super simple for us because it was a past producer. It's just a single uh permit directly from the government...There's a recently uh permitted uh large-scale mine uh that went through…”
Grade ? Wording changed One statement carries no figure to compare 3 statements on record
27 Nov 2025
one and a half grams for Winot open pit
“you know, when not averages over one and a half grams, you know, for an open pit mine”
26 Jun 2026
Winip deposit running a gram and a half
“open pit mines are the Winip deposit running a gram and a half”
Resource size ? Stated at several levels 4 statements on record — these are the earliest and the latest, not a trend 4 statements on record
27 Nov 2025
6.5 million ounces
“we went from 4.3 million ounces for the for the OMI project to 6.5 uh million ounces”
26 Jun 2026
grew from approximately 4.3 million oz to 8 million oz
“going from 4.3 to 8 million oz, a big jump up”
Shares outstanding ? Wording changed One statement carries no figure to compare 2 statements on record
29 Apr 2026
Listed on TSX Venture Exchange under symbol OMG
“We're, uh, listed on the TSX Venture Exchange under the OMG symbol.”
26 Jun 2026
traded on TSX Venture Exchange under symbol OMG
“We're traded on the TSX Venture Exchange under that great symbol OMG”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Omai Gold Mines's own claims across 3 interviews — most-covered theme first.

What outside voices pick up on

2 independent voices — people who do not speak for the company — across 2 mentions.

2 constructive
  • Jamie Keech “Cited as a successful advanced-stage exploration investment.”
  • Samuel Pelaez “Cited as an early junior-miner position that later became a major winner; described as up 100% at the time and far higher later.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the company has doubled its resource to 8 million ounces in under two years, with high-grade zones (1.59–3.33 g/t) across two deposits in a past-producer jurisdiction with cleared site, grid power within 20 km, and a single…

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

Management says the company has doubled its resource to 8 million ounces in under two years, with high-grade zones (1.59–3.33 g/t) across two deposits in a past-producer jurisdiction with cleared site, grid power within 20 km, and a single permit following recent precedent. An early-stage junior-miner investor cited this as a position that later became a major winner, up over 100% at the time.

▼ Bear case

The PEA is the first economic test and due in 4–6 weeks; until then, no mineable ounce count, strip ratio, or capex exists.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The PEA is the first economic test and due in 4–6 weeks; until then, no mineable ounce count, strip ratio, or capex exists. Management expects strip ratio to improve from historical 7.8 to below analyst consensus (9–10), but this is confidence without final numbers. No outside voice has assessed technical feasibility, permitting risk, or jurisdiction stability beyond the recent election.

◆ Watch next

PEA release in 4–6 weeks will show mineable ounce count, strip ratio, and capex for the combined Winnot–Guilt Creek operation.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

PEA release in 4–6 weeks will show mineable ounce count, strip ratio, and capex for the combined Winnot–Guilt Creek operation. Follow the start of underground decline construction (scheduled 6 months–1 year after open pit production) and any further resource expansion, particularly the inferred zones at Guilt Creek and beneath the Winnot shear.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 36 statements

The deposit 20

Key takeaway. According to management, Omai Gold Mines hosts two orogenic deposits: the Winot open-pit deposit and the Guilt Creek underground deposit (Jun 2026, Apr 2026).

Read the full summary

The company reports that the Winot deposit runs about one and a half grams per tonne in the open pit, with indicated grades of 1.59 grams/tonne and inferred averaging 1.36 grams/tonne, while Guilt Creek underground averages 3.33 grams/tonne (Apr 2026). Management states the total resource has grown from approximately 4.3 million ounces to about 8 million ounces as of June 2026, after previously reporting 6.5 million ounces in November 2025.

What was actually said
deposit type
Wenatchee hosted open pit deposit and Gold Creek underground deposit, orogenic deposits
“the Wenatchee hosted, which would be open pit mining, and then the Gold Creek deposit, which is an underground deposit...they're orogenic deposits”
Elaine Ellingham· 26 Jun 2026·
exploration upside
open pit deposit goes down another 700 m with seven gold zones hit in proof of concept drill hole
“we've actually demonstrated that the the open pit deposit goes down another further 700 m. We put one drill hole down there to proof of concept, it's there, and we hit seven gold zones.”
Elaine Ellingham· 26 Jun 2026·
grade
Winip deposit running a gram and a half
“open pit mines are the Winip deposit running a gram and a half”
Elaine Ellingham· 26 Jun 2026·
Show the other 17 statements
resource size
8 million oz
“There aren't that many undeveloped 8 million ounce deposits”
Elaine Ellingham· 26 Jun 2026·
resource size
grew from approximately 4.3 million oz to 8 million oz
“going from 4.3 to 8 million oz, a big jump up”
Elaine Ellingham· 26 Jun 2026·
deposit type
two deposits: Winnot (open pit) and Guilt Creek (underground)
“And this one uh you know with 8 million ounces we have two deposits.”
Elaine Ellingham· 29 Apr 2026·
deposit type
Guilt Creek deposit has 25 separate zones with horizontal geometry
“guilt is now about 25 separate zones.”
Elaine Ellingham· 29 Apr 2026·
exploration upside
480,000 ounces converted from inferred to indicated; additional sediment zone mineralization added as inferred
“We actually added 480,000 ounces uh that we converted from inferred to indicated”
Elaine Ellingham· 29 Apr 2026·
grade
Winnot indicated: 1.59 grams/tonne; inferred average: 1.36 grams/tonne; Guilt Creek underground: 3.33 grams/tonne average
“they increased the grade of that indicated from 1.46 up to 1.59 and I forget what the average grade of the inferred is now. It's like 1.36 or something like that. Average grade is about 3.33.”
Elaine Ellingham· 29 Apr 2026·
resource size
about 8 million ounces
“we're sitting there with a about an 8 million ounce resource a gold resource right now”
Elaine Ellingham· 29 Apr 2026·
deposit type
shear hosted deposit
“the W not is is a shear hosted deposit. It's a very broad shear.”
Elaine Ellingham· 27 Nov 2025·
deposit type
Two and a half kilometers long Winot shear hosted deposit
“a nice long sheer hosted deposit 2 and a half kilometers long”
Elaine Ellingham· 27 Nov 2025·
exploration upside
2.7 grams over 12 meters at Camp zone
“I think we have 2.7 grams over 12 meters or something like that”
Elaine Ellingham· 27 Nov 2025·
exploration upside
260 meters of shear drilled beneath Winot
“we drilled through about I think 260 meters of the shear”
Elaine Ellingham· 27 Nov 2025·
exploration upside
779 meters at one gram average in Guild Creek deposit
“I think it ran I think 779 meters ran average one gram”
Elaine Ellingham· 27 Nov 2025·
exploration upside
20.3 grams over 5.3 meters at shallow depth
“we actually intersected 20.3 grams over 5.3 mters... that's only maybe 50 mters below surface”
Elaine Ellingham· 27 Nov 2025·
exploration upside
Four and a half grams over 57 meters, 3.2 grams over 68 meters at Winot
“intervals like four and a half grams over 57 meters and 3.2 grams over 68 meters”
Elaine Ellingham· 27 Nov 2025·
exploration upside
drilling at east end of Winot, continues to expand
“we're kind of drilling the east end of a knot too because it keeps going”
Elaine Ellingham· 27 Nov 2025·
grade
one and a half grams for Winot open pit
“you know, when not averages over one and a half grams, you know, for an open pit mine”
Elaine Ellingham· 27 Nov 2025·
resource size
6.5 million ounces
“we went from 4.3 million ounces for the for the OMI project to 6.5 uh million ounces”
Elaine Ellingham· 27 Nov 2025·

Jurisdiction 9

Key takeaway. Omai Gold Mines is developing a project in Guyana, South America, on a highly disturbed former mining site that already has a cleared site and airstrip, not a greenfield location, according to management.

Read the full summary

The company reports that the site lies within 8–10 km of a paved highway and that its environmental permit was obtained in November of the prior year, with the EIA in process. Management states the project requires a single permit directly from government, following the precedent of a recently permitted large-scale mine, and notes that the country saw a presidential re-election with a 55–57% vote share and parliamentary majority, which they point to as a political-stability indicator.

What was actually said
community agreement
past producer with cleared site and airstrip on site
“Omai is a past producer...We an airstrip on site. It's a cleared site.”
Elaine Ellingham· 26 Jun 2026·
country
Guyana
“we have two uh large uh gold projects in Guyana”
Elaine Ellingham· 26 Jun 2026·
permit status
single permit directly from government, following precedent of recently permitted large-scale mine
“the land tenure super simple for us because it was a past producer. It's just a single uh permit directly from the government...There's a recently uh permitted uh large-scale mine uh that went through the system fairly quickly.”
Elaine Ellingham· 26 Jun 2026·
Show the other 6 statements
region
paved highway within 8-10 km of project
“we've got a paved highway that goes within 8 10 km uh of the project”
Elaine Ellingham· 26 Jun 2026·
country
Guyana, South America
“We're uh exploring a a large project down in Guyana in South America.”
Elaine Ellingham· 29 Apr 2026·
permit status
Site is highly disturbed former mining site; not a greenfield site
“this is not a a beautiful site. Uh it's it's definitely a highly disturbed site that was a mining site. There aren't any, you know, forests or anything that we need to take care of from that perspective.”
Elaine Ellingham· 29 Apr 2026·
country
Guyana
“we have a large gold project in Guyana, which is in South America”
Elaine Ellingham· 27 Nov 2025·
permit status
Environmental permit obtained November prior year, EIA in process
“our permitting application we got our environmental permit last November”
Elaine Ellingham· 27 Nov 2025·
political risk
Presidential re-election with 55-57% vote share and parliamentary majority
“the incumbent uh got in uh you very strong I think it was a 55 or 57% of the vote exceeded expectations also additional seats in parliament”
Elaine Ellingham· 27 Nov 2025·

Technical risk 7

Key takeaway. Management points to several steps that reduce technical risk at the Winnot deposit.

Read the full summary

The company reports that 72 samples are in for metallurgical testing and says extensive testing has already been conducted (June 2026). On grade sensitivity, the CEO stated in April 2026 that Winnot is "not particularly sensitive to grade," noting that doubling the cutoff reduces ounces by only 10%, and that the current cutoff of 0.3 grams per tonne could potentially be lowered to 0.22 at today's gold price. A single large pit is planned with minimal dilution (approximately 15% standard mine dilution), and management expects the strip ratio to come down from 7.8 rather than rise as analyst consensus suggests (June 2026). The company also acknowledges that some mineralization at the tail end of Winnot falls outside the constraining pit and is not minable (April 2026), and that underground economics would require depths between three and 600 meters (November 2025).

What was actually said
key assumption
strip ratio expected to come down from 7.8, not go up as analyst consensus suggests
“the analyst consensus on our strip ratio is like nine or 10. And and it was historically 7.8 and, you know, we don't have the final numbers but we're pretty confident it's actually coming down not going up.”
Elaine Ellingham· 26 Jun 2026·
metallurgy
72 samples in for metallurgical testing, extensive testing conducted
“we did a quite extensive we had 72 samples in for metallurgical testing”
Elaine Ellingham· 26 Jun 2026·
key assumption
cutoff grade of 0.3 grams/tonne; could potentially lower to 0.22 with current gold price
“the cutoff grade. It remained like.3 of gram. Right. Um we we we looked at it. We always do sensitivity or our consultants we run sensitivity analyses. Um with the gold price where it is now we probably could take that down to a point. 22.”
Elaine Ellingham· 29 Apr 2026·
Show the other 4 statements
key assumption
Single large pit planned for Winnot with minimal dilution (~15% standard mine dilution)
“this looks like uh from the constraining pit that it's going to be a single large pit. So, we probably won't lose a lot. Um, the usual mine dilution is usually uh 15% or something you might lose.”
Elaine Ellingham· 29 Apr 2026·
stated risk
Some mineralization at Winnot tail end falls outside constraining pit and is not minable
“That's not going to that that is you asked like is it all minable? this end down here that that stuff that's you see that's well outside your constraining pit.”
Elaine Ellingham· 29 Apr 2026·
stated risk
Winnot deposit not particularly sensitive to grade; doubling cutoff reduces ounces by only 10%
“we know that oh my the not deposit isn't particularly sensitive to the grade. you could essentially double uh, the cut off. In other words, only take the higher grade material. were not and um and it hit something like a 10% it reduced the number of ounces by 10%.”
Elaine Ellingham· 29 Apr 2026·
key assumption
between three and 600 meters depth to hold up the economics for underground
“we believe we do between three and 600 meters depth uh to hold up the economics”
Elaine Ellingham· 27 Nov 2025·

Economics 3 statements

Economics 3

Key takeaway. Management says a feasibility study is due about four or six weeks out (as of June 2026).

Read the full summary

For project economics, the company reports a planned hydropower transmission line within 20 to 22 kilometres and an LNG plant planned 165 kilometres away (June 2026). Additionally, Omai previously described a 12,000 to 15,000 ton-per-day mill operation (November 2025).

What was actually said
capex
hydropower transmission line planned within 20-22 km, LNG plant planned 165 km away
“a hydropower project...would bring a grid like a transmission line within 20 22 km of of the Omai site...they have an LNG plant, a liquefied natural gas plant planned for just about 165 km away”
Elaine Ellingham· 26 Jun 2026·
study due
about 4 or 6 weeks out
“we're just in the process of doing that PEA. So, you know, the great reveal is about 4 or 6 weeks out.”
Elaine Ellingham· 26 Jun 2026·
capex
12,000 to 15,000 ton per day mill operation
“we're probably looking at something that's maybe a 12,000 15,000 ton per day mill which is quite a large operation”
Elaine Ellingham· 27 Nov 2025·

Timeline 8 statements

Timeline 7

Key takeaway. Management reports that a new resource estimate was released two months ago (June 2026), doubling the project from 4.3 to about 8 million ounces in less than two years.

Read the full summary

The company said in April 2026 that a preliminary economic assessment (PEA) is in development, with a feasibility study as the next step, and had stated in November 2025 that an updated PEA is due in 2026. On the timeline, management noted in November 2025 that an underground decline would start six months to a year after open-pit production begins, with underground production following two to three years after the open pit, and that an EIA application had been submitted with community consultation underway.

What was actually said
milestone
resource estimate doubled from 4.3 to 8 million oz in less than 2 years
“We actually doubled the size of our oz of our resource estimate in in less than 2 years...going from 4.3 to 8 million oz”
Elaine Ellingham· 26 Jun 2026·
milestone
new resource estimate released 2 months ago
“we only put out that new resource 2 months ago”
Elaine Ellingham· 26 Jun 2026·
milestone
preliminary economic assessment (PEA) in development; feasibility study as next step
“working towards a pea preliminary economic assessment. And this one uh you know with 8 million ounces we have two deposits. Uh we need to uh get a realistic mind plan wrapped around that and uh work our way towards the next steps which would be you know really setting our sights on a feasibility study.”
Elaine Ellingham· 29 Apr 2026·
Show the other 4 statements
milestone
Underground decline start six months to one year after open pit production
“you would start the decline into the underground at at Guil Creek, you know, six months, eight months, a year after you're you're starting your underground operation”
Elaine Ellingham· 27 Nov 2025·
milestone
Underground production two to three years after open pit
“the production from the underground is probably two to three years late later than uh the open pit production”
Elaine Ellingham· 27 Nov 2025·
permit timing
EIA application submitted, community consultation underway
“we've applied for an EIA... I have community consultation meetings uh ne two weeks from now”
Elaine Ellingham· 27 Nov 2025·
study due
Updated PEA in 2026
“our next process is doing our community consultation... we're still we still don't have that updated pea”
Elaine Ellingham· 27 Nov 2025·

Catalysts 1

What was actually said
upcoming result
PEA due in about 4 to 6 weeks
“we're just in the process of doing that PEA. So, you know, the great reveal is about 4 or 6 weeks out.”
Elaine Ellingham· 26 Jun 2026·

Corporate 4 statements

Management 1

What was actually said
track record
CEO is Elaine Allenham
“I'm Elaine Allenham, CEO of Omai Gold Mines”
Elaine Ellingham· 26 Jun 2026·

Share structure 2

Key takeaway. Management states that the company’s shares trade on the TSX Venture Exchange under the symbol OMG.

Read the full summary

Two different claims are made about the shares outstanding: one from June 2026 and another from April 2026, but neither provides a specific number.

What was actually said
shares outstanding
traded on TSX Venture Exchange under symbol OMG
“We're traded on the TSX Venture Exchange under that great symbol OMG”
Elaine Ellingham· 26 Jun 2026·
shares outstanding
Listed on TSX Venture Exchange under symbol OMG
“We're, uh, listed on the TSX Venture Exchange under the OMG symbol.”
Elaine Ellingham· 29 Apr 2026·

Market 1

What was actually said
cost curve position
high-grade ounces, fairly high-grade
“Omai was a past producer, they're fairly high-grade ounces”
Elaine Ellingham· 26 Jun 2026·

Outside views 2 mentions

2 mentions by people who do not speak for the company — 2 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Jamie Keech
bullish
Cited as a successful advanced-stage exploration investment.
MiningStockEducation.com· 09 Apr 2026·
Samuel Pelaez
bullish
Cited as an early junior-miner position that later became a major winner; described as up 100% at the time and far higher later.
Crux Investor· 03 Jan 2026·

Sources 3 interviews

Every interview 3

DateChannelInterviewStatements
26 Jun 2026 Crux Investor Omai Gold Mines (TSXV:OMG) – 'Undervalued?' Investment Series, with Elaine Ellingham 19
29 Apr 2026 Crux Investor Omai Gold Mines (TSXV:OMG) - 8Moz Gold Project Advancing Rapidly 13
27 Nov 2025 Crux Investor Omai Gold Mines (TSXV:OMG) - Heavy Newsflow Coming to Support Updated PEA in 2026 19

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 2
aurora mine (guyana) 1
eagle mountain (guyana) 1
exxonmobil 1
g mining ventures 1
gilt creek 1
guyana 1

Questions people ask

What is Omai Gold Mines's project and where is it?

Omai Gold Mines is a explorer gold company, with a project stated to be in Guyana. Everything here is drawn from its executives' own interviews.

Which interviews mention Omai Gold Mines?

We track 3 interviews mentioning Omai Gold Mines, across 1 channel (Crux Investor).

What are investors saying about Omai Gold Mines?

2 independent voices — people who do not speak for the company — are on record discussing it (2 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Omai Gold Mines cover?

The most-discussed topics on record are the deposit, jurisdiction, timeline, technical risk — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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