Gold production hits new high

Gold production hits new high

The Ministry of Natural Resources is reporting that Guyana has recorded the highest ever gold declaration of 458,105 ounces as at December 16, 2013.

That declaration surpasses the previous highest level of 455, 918 ounces in 2001; which included the declarations of both Omai and small scale operators, according to the Natural Resources Minister.

Minister of Natural Resources and the Environment, Robert M. Persaud  declaration is testament to growth in the mining sector adding that “this is a proud moment for all those who work in the sector”.

He said “it shows dedication and commitment of the miners and also addresses the concerns about under declaration of gold or the claims of gold smuggling”.

By the end of 2013, the gold declarations figure is expected to climb even more.

Although the mining sector was hit with a number of tragedies in 2013 and an increase in criminal activity in the mining areas, Persaud said the increase in gold production speaks of the commitment and conformity of the sector to the laws and regulations.

The gold mining sector has been showing significant growth over the past few years and is expected to climb even more. Last week, the Guyana Goldfields Inc. announced major investment in its Aurora gold mining operations which will get on stream in 2015. That new mining operation is expected to create employment for over 1000 Guyanese.

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