Purchases of gold by the Guyana Gold Board (GGB) declined by a whopping 20.5% last year over 2014, according to information contained in the Board’s 2015 Report. The Report says that last year the GGB purchased 146,158.3 ounces of gold compared with 186,894.1 ounces in 2014.
Smuggling and departures from the gold fields because of the low gold price are seen as the reasons behind the drop.
Earlier this month Natural Resources Minister Raphael Trotman told the media that as much as 15,000 ounces of gold is being smuggled out of the country each week, a practice which he said has attracted the attention of the
