Concerned about falling gold prices, government and mining industry representatives on Monday agreed to a series of measures to reduce operational costs and will consider other areas such as tax incentives.
According to a press release from the Ministry of Natural Resources and the Environment, the meeting was chaired by Minister Robert Persaud, who highlighted that since the beginning of 2013, the price of gold had been marginally declining but since Friday it has now fallen below the US$1,400 level – a new two-year low.
The release stated that stakeholders pointed out that the price of gold is sometimes very unpredictable
