Photo: Department of Public Information, Guyana.
Guyana has signed a Mineral Agreement with Mako Mining Corp. and its wholly owned subsidiary, Stronghold Guyana Inc., creating the legal, fiscal and operating framework for the Eagle Mountain Gold Project.
The agreement marks an important step for a project that could add to activity in Guyana’s mining sector while creating opportunities for workers, contractors, suppliers and service providers. According to the Government of Guyana’s official release, the agreement was signed by Minister of Natural Resources Vickram Bharrat, Mako Mining Chief Executive Officer Akiba Leisman and Mako Mining President Steve Parsons, with representatives of the Guyana Geology and Mines Commission present.
For investors, a mineral agreement is significant because it establishes the rules under which a project can progress. It clarifies the framework for development before a mine moves through the remaining stages of planning, approvals, construction and eventual production.
The Government said preparatory activities have already begun. Construction is expected to start in the third quarter of 2027, while first gold production is projected for the end of 2028, subject to the required environmental and regulatory approvals.
That timeline is important. It means the project remains in its development phase rather than being an immediate producing mine. Businesses looking to benefit will need to watch how the project develops and position themselves for future requirements in areas such as logistics, equipment, maintenance, engineering, accommodation, catering, safety services and skilled labour.
Mako Mining has operated in Guyana for more than a decade, according to the official release. In its corporate announcement, the company said the agreement provides a framework to advance the project.
The project also places emphasis on broader national and community benefits. Government said the agreement includes commitments related to environmental stewardship, community development and social programmes. That approach matters in extractive industries, where the long-term value of a project depends not only on production, but also on responsible operations, local participation and durable benefits for surrounding communities.
For Guyanese businesses, the opportunity will be strongest where firms can meet technical, safety and compliance standards while delivering reliably at scale. Mining projects typically require a broad network of local suppliers, but participation depends on businesses being ready with the right capabilities, documentation and delivery plans.
As the project moves toward construction, Eagle Mountain will be one to watch for companies seeking to participate in Guyana’s expanding mining value chain.
