Gold processing fee to be reviewed

-miners told at meeting with Trotman

A gold processing fee on miners of $2,500 per ounce which came into effect from September 1st will be reviewed.

This was told to members of the Guyana Gold and Diamond Miners’ Association (GGDMA), the Guyana Women Miners’ Organisation (GMWO) and members of various mining syndicates under the National Mining Syndicate at a meeting with government officials on Thursday.

The $2,500 fee had been agreed on July 18th this year after two rounds of consultations with the GGDMA, which also involved representatives of the Ministry of Natural Resources (MNR) and members of the Board of Directors of the Guyana Gold Board (GGB). It was agreed that a processing fee of $2,500 per ounce would be charged on all gold sold to the GGB, effective September 1, 2017.  Prior to the agreement on July 18th, a fee of $4,000 per ounce had been mooted by the GGB.

A release on Friday from the MNR said that a decision ….

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