Gold declaration up to last week was 230,000 ounces for the first half of this year with miners on-track to meet their target of 460,000 ounces for 2013.
President of the Guyana Gold and Diamond Miners Association (GGDMA) Patrick Harding made the disclosure at the organisation’s Annual General Meeting last Thursday. He, however, warned of a “crisis” as the price of gold dropped precipitously last week.
Yesterday, however, the price rallied. Reuters reported that gold started the third quarter on a strong footing to jump over 2 per cent yesterday as technical buying and speculative short covering offset concerns that the US Federal Reserve will rein in