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GGMC issues strong warning on gold trading
…reiterates commitment on enforcing regulations
(Kaieteur News) – The Guyana Geology and Mines Commission (GGMC) has reiterated its commitment to enforcing mining regulations across the country, following directives from President Irfaan Ali.
The Commission emphasises that all mining operations must comply with established legislation, particularly in areas concerning gold accounting, environmental stewardship, and the employment of undocumented persons. According to a statement issued by the Department of Public Information (DPI). GGMC Commissioner Newell Dennison noted that the mining laws and associated regulations apply uniformly across Guyana, including Amerindian Titled Lands, where communities may pursue mining as an economic activity.
GGMC Commissioner Newell Dennison
The GGMC, he said is committed to extend to those communities and villages including Amerindian Titled Lands upon which mining is being conducted, the necessary guidance towards the application for and issuance of the prescribed documentation, which permits legitimate mining operations with legally registered equipment and the use of the proper recording stationery to provide accountability for gold produced and sold.
“All gold recovered from mining activities must be sold to legitimate purchasers such as the Guyana Gold Board, Licenced Gold Dealers and Licenced Traders. Any gold sold otherwise, constitutes an illegal act for which such gold can be detained, charges made and assets seized.” Commissioner Dennison emphasised.
He warned that any gold sold outside these channels constitutes an illegal act, subject to seizure, charges, and penalties. The GGMC has expressed concern over persistently low gold declarations despite favuorable market prices and intensified mining activities across the country. Poor environmental practices continue to be reported, despite ongoing efforts by the Commission to educate, guide, and enforce compliance within the sector.
Dennison said in alignment with the President’s directives, the GGMC will intensify collaboration with other state agencies to address unlawful mining practices. Commissioner Dennison called on all operators to act responsibly and comply with the law, underscoring that failure to do so will result in full legal action. “The GGMC calls upon all throughout the mining sector to be responsible operators or be subject to the full effect of the law,” he concluded.
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