Scaling back likely in gold production figures

- but prices not at ‘tipping point’, Sparman says

Amid concerns about significantly reduced gold production in the face of falling world market prices, Stabroek Business has learnt that the sector will almost certainly have to effect a downward adjustment in its projection for gold production this year.

“Unless we start hitting sixes and hitting quite a few of them there is every chance that the sector will not accomplish what we had hoped it would this year,” Administrative Coordinator of the Guyana Gold and Diamond Miners Association (GGDMA) Colin Sparman said earlier this week.

And while the mining sector official was unable to say whether and to what extent the decline in gold production  …..To continue reading, login or subscribe now.

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