Australian gold mining company, Troy Resources Guyana Inc says that by the end of its first three years, Guyana’s Gross Domestic Product (GDP) would have seen an 8.7% increase as a result of its activities.
In a project update advertisement in Thursday’s Stabroek News, Troy Resources said that its Karouni Project in Region Seven (Cuyuni/Mazaruni) will also see direct payments to the government via royalties and corporation and other taxes of over US$100m within the three years. In the past, the operations of big companies like Omai Gold Mines Limited had been severely criticized for the non-payment of corporation tax.
“The economic impact in Guyana from Troy’s project is large, and if one considers flow-on effects into the
