MINING REFINING

Small increase in gold production recorded – Bharrat

Wed Jan 15 2025

The Ministry of Natural Resources (MoNR) yesterday stated that Guyana recorded a small increase in gold production compared to last year – 434,067 ounces to 432,113 ounces – but does not see smuggling as an issue as the figure comes at a time when one of the largest medium-scale producers has scaled down operations by some 40 per cent.

“I believe what is produced is declared right now. The thing is, a lot of people came out of gold mining,” Minister of Natural Resources Vickram Bharrat yesterday said.

Stabroek News understands that well-known gold mining family – the Alphonsos – have scaled down their operations by 40 per cent as they “have diversified and are they are doing construction, the shorebase, building hotels,” and “using the resource to invest other places.”

Source: https://www.stabroeknews.com/