Confronting falling prices for gold which briefly dipped below US$1200 per ounce yesterday, the Guyana Gold and Diamond Miners Association (GGDMA) is seeking government’s intervention to mitigate the effect of the tumbling price.
“It is our opinion….that the burden must now be shared,” Head of the GGDMA, Patrick Harding told the Annual General Meeting of the GGDMA to which he was returned unopposed as president yesterday. He also called on those businesses that profited from the industry when the price was higher to offer concessions to the industry.
Reuters reported yesterday that gold briefly sank to below $1,200 per ounce for the
