Economy buoyed by record-breaking US$850M gold earnings
Foreign currency earnings from gold exports, despite the low prices, are expected to reach a massive US$850M, making the industry one of the most resilient for the country in recent years.
Gold exports earnings estimated at a record US$850M for the year
According to initial estimates provided by the Ministry of Natural Resources, yesterday, this would mean that taxes and royalties from gold sales would rake in at least US$60M.
Yesterday, gold declarations broke several records, including surpassing the 700,000 ounces mark.
Some 705,000 ounces was recorded as declared yesterday by the Guyana Gold Board, confirmed Natural Resources Minister, Raphael Trotman. Continue reading
