Gold production up by 23 per cent – Persaud

TIMES INT'L

There has been an overall increase in gold production, declaration and sales for the year so far, with production being recorded at 314,000 ounces, an increase of about 23 per cent over the figure for the corresponding period last year.
Natural Resources and Environment Minister Robert Persaud made this disclosure on Thursday. He said for the same period last year, just about 207,000 ounces of gold were declared.

The gold rush is on: production and exports soar

“We have seen declaration and sales going up, sales to the Guyana Gold Board as well as to the private dealers,” he noted. Gold exports are at a similar level – 314,000 ounces, which is also significantly higher than exports for the same period last year. “The sector is recording good performance… the sector has been doing well and has been creating a tremendous impact on our national growth and the economy as a whole,” Minister Persaud said.
He further stated that the sector has created jobs and lifted the living standards of the hinterland communities.
Meanwhile, the ministry continues to collaborate with other stakeholders, with regards to the setting up of the mining school, which is intended to provide the specialised skilled workers needed to support and propel the expansion taking place in the mining sector.
Persaud said progress has been made on the establishment of the schools, as the ministry has entered into a number of bilateral agreements in this regard. He disclosed that only last week, the ministry engaged in talks with a representative from the University of Texas’ Geo-Sciences Department which is looking to support the establishment of the school. “There is a lot of preparation taking place and we do hope that very soon we will be able to make available programmes at the school,” the minister said. He added that the ministry has been engaging local and international specialists to ensure that the school is up to global standards and also meets the national requirements of the local mining industry.

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