Gold Board saw 6.22% decrease in declarations last year

—2019 projection pegged at 651,000 ozs

Despite the Guyana Gold Board (GGB) recording a 6.22% decrease in declarations last year, after 613,073 ounces of gold were declared at the end of December 2018, the company has projected an output of 651,000 oz. in 2019.

The pronouncements were made by the GGB yesterday, through a press release which pointed out that on behalf of dealers and the Gold Board itself, the declarations amounted to US$443,961,666.

“Among the factors responsible for the marginal differences between the 2017 and 2018 figures, as advanced by mining bodies and dealers are: inclement weather, unnavigable roads, and depressed metal prices in the first three quarters of 2018,” the statement said, while adding that declarations from dealers showed “some strength” in the latter part of the year…..

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