Latest update November 23rd, 2024 1:00 AM
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Gold surpasses targeted amount
Guyana has surpassed its targeted production for 2013. Minister of Natural Resources and the Environment, Robert Persaud, made the declaration on Wednesday during the launch of a major venture to take local gold mining to a new horizon. That major venture is being pursued by Guyana Goldfields at Aurora Mines.
The Minister during his presentation said that as at Wednesday morning, Guyana‘s gold production was 452,000 ounces, surpassing the predicted 451,000 ounces. Gold prices had experienced a significant decline around April.
Last year’s production was 314,000 ounces, a 23 percent increase over the previous year and also surpassing its declared amount. Despite Government’s declared amount, with a little over 45,000 ounces shy of 500,000 ounces, and given the regular end of year rush to sell off the mineral, miners are optimistically looking to reach the latter amount.
Photo in Friday as bar
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