Two major gold mining operations set to boost industry, economy

Two major gold operations are set to come on stream within the next year with combined gold production by Guyana Goldfields Inc and Troy Resources Limited pegged to be about 341,000 ounces per year which would add to the 481,087 ounces declared by small and medium-scale miners last year.

“It is good to know that after Omai, there are other major players coming on board,” Patrick Harding, the President of the Guy-ana Gold and Diamond Miners Association (GGDMA) told Stabroek News. He said that the projects by the Canadian and Australian companies represent direct investments in the economy of Guyana and while others are still prospecting, these firms are moving to the production stage.

“It is good for Guyana,” Harding said, adding that he hopes that the companies overcome obstacles  …..To continue reading, login or subscribe now.

Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.