Guyana Goldfields Inc. reported earnings and production results for the fourth quarter and year ended December 31, 2016. For the quarter, revenues were $194,153,000. Earnings from mine operations were $20,673,000. Earnings before tax were $9,379,000. Net earnings were $3,405,000 or $0.02 per diluted share. Cash flow from operations was $23,267,000.

For the year, revenues were $194,153,000. Earnings from mine operations were $71,099,000. Earnings before tax were $44,462,000. Net earnings were $26,984,000 or $0.16 per diluted share. Cash flow from operations was $76,534,000.

For the quarter, Gold production was 43,800 ounces.

For the year, Gold production was 151,600 ounces.

For 2017, the company expects Gold production of 160,000-180,000 ounces.