With the local gold industry already having predicted that production is likely to top 300,000 ounces for the third time in successive years, miners are anticipating another good year in the face of successive forecasts of continued price rises through 2011 and up to the end of next year.
Earlier this month, the Japanese financial company Nomura Group with metals and other subsidiaries projected that gold prices could rise by more than 10 per cent to US$2,000 by the end of 2012. The projection, made earlier this month is based on low interest rates in the United States and the easing of monetary policy by the European Central Bank.
Earlier this year the Guyana Gold and Diamond Miners Association (GGDMA) said it expected gold prices would continue to rise through 2011 and the price levels offered every incentive for
