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Omai rooted for Ali’s re-election
– backs PPP/C as gold mining boom accelerates
(Kaieteur News) – President and Chief Executive Officer of Omai Gold Mines Corp., Elaine Ellingham, has said the company was confident President Irfaan Ali would be re-elected at the September 1, 2025 General and Regional Elections.
During an interview with Crux Investor, Ellingham also praised the People’s Progressive Party/Civic (PPP/C) administration for its strong support of large-scale gold mining projects in Guyana.
President Irfaan Ali
She said the outcome of the recent presidential election was a critical turning point for investors, noting that political stability was key to long-term planning in the mining sector. “…So, the incumbent got in very strong I think it was a 55 or 57% of the vote exceeded expectations also additional seats in parliament. Again, that was a big win. So now they have they basically have a five-year runway and for them that was really important,” Ellingham said.
President of Chief Executive Officer of Omai Gold Mines, Elaine Ellingham
She acknowledged that elections often create uncertainty for investors but said she remained confident President Ali would retain office, pointing to his international visibility. “I was very confident because I mean, I think you’ve probably noticed President Irfaan Ali gets quite a bit of profile on the international stage because of the oil and gas business, but he’s a very impressive guy,” Ellingham stated.
To this end, she described as strong enthusiasm from the government for large-scale gold developments, particularly in Guyana’s interior regions.
There are several gold operations across Guyana that are expected to start production before the end of the decade, joining the only large-scale gold producer in Guyana, Zijin Mining Group Co. Ltd, a Chinese state-owned mining giant operating locally through its subsidiary AGM Inc.
Kaieteur News had reported that there are five Canadian mining companies including Omai collectively controlling an estimated 15.5 million ounces of gold across various stages of development. These projects, spanning across Guyana’s mining regions, are progressing through exploration, feasibility studies, and permitting. Many of the companies have praised Guyana’s mining-friendly policies and are banking on these projects to drive substantial growth for their shareholders.
Omai holds 100% interest in the past-producing Omai gold project, which hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit. The project is in Region Seven (Cuyuni-Mazaruni).
The company said it has completed a total of 79 drill holes totalling 35,300 metres on the Omai project so far this year. Omai previously announced an updated combined Mineral Resource Estimate (MRE) of 2.1 million ounces of gold (indicated), a 7% increase, and 4.3 million ounces of gold (inferred), a 92% increase from the previous MRE.
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