Per unit cost/price of gold
As we saw last week, despite Guyana’s long historical association with gold discovery and exploration it is ironic to name as an upside potential/achievement that is facing the economy over the near-to-medium term, the prospects of large-scale gold production coming on-stream by 2014. I had mentioned in last week’s article the crucial roles of advances in techniques in gold discovery, exploration, recovery and processing methods in this outcome. Additionally, I had also drawn attention to similar innovations in the financing of gold mining operations and the marketing of gold. All these considerations have the effect of lowering per unit cost.
Accompanying this potential for lowering