The Guyana Geology and Mines Commission (GGMC) has sent the first definitive official signal that gold production could be heading for another record year in 2012, announcing that first quarter declaration had reached 88,873 ounces, exceeding the first quarter of 2011 by 10,864 ounces or 14 %.
The GGMC has already confidently declared that local gold production could be heading for “another record”, a view endorsed by the Guyana Gold Board, with an industry source telling Stabroek Business, “the early increase in returns could have been predicted since late last year given