Tag Archives: guyana- gold mining

Gold roars past 300,000 ounces – production projected beyond 600,000 ounces for 2016

Jun 28, 2016  – Kaieteur News 

 Government is aiming to top the 600,000 ounces mark for gold declaration this year with the first half showing encouraging signs.
As of June 22, last, around 315,000 ounces have been declared for the year so far, with Minister of Natural Resources, Raphael Trotman, stressing yesterday that contributions from the small and medium scale miners have been significant.

Of course, the two large players have been strong with Canadian-owned Guyana Goldfields Inc. targeting 75,000 ounces for the first half.
“Things are looking very positive. As you know, oil prices are going up. Gold has gone up significantly and we are looking to crest that 600,000 annual mark.”

Minister Raphael Trotman

Minister Raphael Trotman

That revised target will be significant, by any means. Last year, Guyana surged to 451,000 ounces despite a four-year low in gold prices.
An ambitious 550,000 ounces was set for this year but it looks this will be easily surpassed.   Continue reading

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