Guyana breaks record on gold declaration


gold[] – Guyana has recorded the highest ever gold declaration of 458,105 ounces of December 16, surpassing the previous highest level of 455, 918 ounces in 20o1; which included the declarations of both Omai and small scale operators.

This announcement was made by the Minister of Natural Resources and the Environment Robert Persaud.

The Minister said “this is a proud moment for all those who work in the sector,” adding that “It shows dedication and commitment of the miners and also addresses the concerns about under declaration of gold or the claims of gold smuggling.”

Minister Persaud was advised by the Guyana Gold Board that in 2011 that gold declaration was about 363,083 ounces, while in 2012, it increased to 438,645 ounces and finally as of December 16 declaration is at 458, 105 ounces. This Minister Persaud said is expected to further increase within coming days.

The Natural Resources and Environment Minister also added that the continuous increase speaks of the commitment and conformity of the sector to the laws and regulations.

Persaud further stated that his Ministry has been focusing on green development within the extractive sectors which is within the country’s framework for a low carbon economy which will be intensified in 2014.



This site uses Akismet to reduce spam. Learn how your comment data is processed.