The high gold price on the international market has pumped vigour into the mining sector and driving export earnings past sugar’s for last year as a result of new investments and financing for small and medium scale miners.
In the last few days, gold on the world market topped US$1,033 an ounce. Secretary of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields said that because of the high gold price, many people were either getting into gold mining or getting back into it after a lull.