Latest update February 24th, 2026 12:22 AM
Omai soars to TSX Top 10 …as Guyana gold play ignites investor frenzy
…share price climbed by 483%
(Kaieteur News) – Canadian-based explorer Omai Gold Mines Corp. has struck investor gold, securing the sixth position on the prestigious Toronto Stock Exchange Venture Exchange (TSXV) 2026 Top 50 list after a year of explosive market growth and major resource expansion at its flagship Guyana project.
The TSX Venture 50 is an annual ranking of the top performing companies from the past year on the TSXV based on three equally weighted criteria: market capitalisation growth, share price appreciation and trading value. It showcases the top 50 of the over 1,600 TSXV issuers.
In 2025, Omai’s share price climbed by 483 per cent compared to 2024. The company’s market capitalisation also surged from approximately C$125 million at the end of 2024 to about C$938 million by the close of 2025.
President and Chief Executive Officer Elaine Ellingham
President and Chief Executive Officer Elaine Ellingham attributed the recognition to the company’s aggressive drilling programme and expansion of its gold resources in Guyana.
She said, “We are honoured to be included on the 2026 TSX Venture 50 list…2025 was a significant year for the Company as we continued to significantly increase our gold Mineral Resource Estimate through drilling at our project in Guyana. This moved Omai forward and to be recognised in this way is a testament to the hard work and dedication of the full Omai team.”
Further, President of the TSX Venture Exchange, Andrew Creech, said the 2026 ranking reflects renewed investor confidence in early-stage companies.
Omai gold project in Guyana
“The 2026 TSX Venture 50 reflects a clear inflection point for early-stage finance, with a return of liquidity and capital that reinforces Canada’s position as a world-leading centre for resource discovery, strategic innovation, and scale. This year’s ranking underscores the vital role TSXV plays in channeling capital to the mining sector and serving as the primary growth pipeline for the next generation of global mineral supply,” Creech stated.
Omai is the 100% owner of the Omai Gold Project, located in Region Seven (Cuyuni-Mazaruni) in “mining-friendly” Guyana. The project hosts two orogenic gold deposits: Wenot and the adjacent Gilt Creek. Omai has established the project as one of the fastest-growing and well-endowed gold camps in the prolific Guiana Shield.
In August 2025, the company announced an updated Mineral Resource Estimate (MRE), reflecting a 96% increase at the Wenot Gold Deposit to 970,000 ounces of gold (Indicated) and 3,717,000 ounces (Inferred). Combined, Wenot and Gilt Creek now total 2,121,000 ounces of gold (Indicated) and 4,382,000 ounces (Inferred).
The company plans to update its resource estimate in the first quarter of 2026, followed by an updated Preliminary Economic Assessment (PEA) in the second quarter. The PEA will incorporate the Wenot open-pit deposit and the adjacent Gilt underground deposit.
Omai has commenced its 2026 drill programme with three drills. At Wenot, drilling will focus on extending the limits of the deposit to the east and west and upgrading a large portion of the Inferred MRE to Indicated. Additional drilling will explore known gold occurrences for potential near-surface, higher-grade satellite deposits.
Historically, the Omai Gold Mine produced over 3.7 million ounces of gold from 1993 to 2005, ceasing operations when gold prices fell below US$400 per ounce. The project now benefits from existing infrastructure, including an on-site airstrip and road connections to Guyana’s two largest cities, Georgetown and Linden.
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