Latest update March 26th, 2026 12:30 AM
Guyana exported 195,486 of 208,756 ounces of gold declared in first half of 2025 – BOG
…export price pegged at US$2800 per oz.
(Kaieteur News) – Of the 208,756.8 troy ounces of gold declared in Guyana for the first six months of 2025, the total volume of gold exported was 195,486 ounces. This is according to the Bank of Guyana’s 2025 Half-Year Report.
Central bank reported that gold export receipts amounted to US$556.3 million, a 36.1 percent or US$147.5 million increase compared to the end-June 2024 level of US$408.9 million. This performance was attributed to higher export volumes as well as a significant rise in global prices, with the average export price per ounce climbing by 35.6 percent or US$746.91 to US$2,845.95, up from US$2,099.04 one year earlier.
An aerial view of the Aurora Gold Mine located in Region Seven (Cuyuni-Mazaruni)
This revelation comes on the heels of comments made by President Irfaan Ali, in relation to gold being refined here.
With five Canadian mining companies collectively controlling an estimated 15.5 million ounces of gold across various stages of development in Guyana and these projects expected to come onstream before the end of the decade, President Irfaan Ali is hoping that the future entails less gold leaving Guyana’s shore unrefined.
During an event held back in October, President Ali urged Canadian investors to partner with Guyana in advancing value-added production in the gold industry, noting his vision for a future where the country exports less unrefined gold and more refined, branded luxury products.
“You must look towards a future in where less gold leaves our shores unrefined, and more leaves as refined gold crafted jewelry and branded luxury goods. And we can do this together, especially given the fact that the next two developments are heavily influenced by Canadian investment,” President Ali stated.
Moreover, Guyana recorded a 14.9% increase in gold declarations within the first half of 2025, driven by small and medium-scale miners, who declared 137,440.6 ounces.
Central Bank attributed this performance to recent government relief measures, including a 10% reduction in tributors’ tax and the removal of the 14% VAT on mining equipment and lubricating oil. The bank also credited an increase in the distribution of concessions to small and medium scale miners, leading to a reduction in illegal mining practices, thus positively affecting the sector.
Further, it stated that the sole foreign company, Aurora Gold Mines (AGM) declaration grew by 4 percent to 71,316.2 troy ounces, as the company’s underground mining operations remain favourable.
AGM is owned by Chinese state-run Zijin Mining Group and is the only foreign company operating a large-scale gold mine in Guyana. The Aurora Gold Project, located in Region Seven (Cuyuni-Mazaruni), is wholly owned by AGM. It holds estimated reserves of 184 tonnes (approximately six million ounces) of gold.
In August, this publication reported that AGM earned RMB1.4789 billion (over US$200 million) from the Aurora Gold Mine during the first half of 2025. The company’s interim report valued the mine’s total assets at RMB4.5287 billion and disclosed that it produced 2,039 kilograms (over 71,000 ounces) of gold between January and June.
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
