Employees of the Guyana Geology and Mines Commission (GGMC) may just have returned to work with a meagre 8 per cent salary increase following a period of industrial action, but according to information reaching this newspaper sustained high gold prices over several years had seen the entity raking in healthy sums of money.
Between 2008 and 2009i the GGMC’s earnings from the sector increased from $3.6 billion to $4.3 billion, while its takings from gold in 2010 jumped to $4.9 million. A further significant increase in the GGMC’s takings from gold occurred in 2011, when earnings jumped to $5.2 billion. The following year, 2012,
