Gold will top last year’s 301,000 ounces – Shields

Gold mining is likely to face major challenges in the new year.

Executive Director of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields has told Stabroek Business that the gold mining sector is very likely to better last year’s yield of 301,000 ounces though the industry was likely to end 2010 in a condition of concern and uncertainty.

Up to just over a week ago the total declaration was 296,000 ounces and with overall returns for December 2010 expected to exceed the 51,000 ounces mined during the same period last year. Shields said he expected the industry to top