Guyana’s gold production for 2012 has surpassed 400,000 ounces, amounting to earnings of over US$.5 billion.
“This morning [yesterday] gold declaration passed 403,000 ounces,” Minister of Natural Resources and the Environment Robert Persaud said during a press briefing at his office. This, he said, translated into US$658 million in earnings from gold. The gold produced and declared surpasses targets set by government and the Guyana Gold and Diamond Miners Association (GGDMA) and is an increase over last years’ declaration of 360,000 ounces.
Favourable prices have seen increased mining operations but small and medium scale gold miners – those responsible solely for the
