In excess of 630,000 ounces of gold have been declared for the year 2019 according to the Ministry of Natural Resources (MNR).
In a statement last evening the Ministry said that the actual declaration for the year totals 634,905 ounces, an amount which is 18,682 ounces above the 616,223 ounces which was declared in 2018.
The Ministry explained that while declarations from small and medium scale gold miners, contributed approximately 57.69% of actual declarations both Guyana Goldfields and Troy Resources despite severe challenges and constraints managed to have reasonably good production.
Notably the revenue earned by the Guyana Gold Board, on behalf of the Government of Guyana, has also increased. For 2019, this has amounted to US$ 111,971,234.84, equivalent to 79,702.849 ounces exceeding the revenue earned in 2018 (US$ 100,143,596.40) by US$11,827,638.44 (11.81%).
In the statement the Ministry commended those miners who made declarations despite the many challenges and constraints faced in the industry including a prolonged wet season and labour unrest.
The MNR also acknowledged the efforts and responsible conduct of the declarants and praised the Board of Directors and staff of the Guyana Gold Board who have been key facilitators of this process.
