Georgetown : Minister of Natural Resources and Environment, Robert Persaud said that fluctuating prices for Gold continued to be monitored closely; at present it stands at
He explained that the gold mining industry is paying keen attention to the volatile prices because it serves as a reminder that adequate preparations must be put in place. The Ministry is working closely with the Guyana Gold and Diamond Miners’ Association making adjustments in terms of managing costs.
Guyana’s gold is being exported to as far as Dubai and the United States; however, the industry is now looking to tap into growing markets such as India and China.
According to this year’s mid-year report, gold declarations increased by 26.8 percent to 234,498 ounces and export earnings amounted to US$300.8 million, an increase of 12.2 percent over the corresponding period in 2012.
