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Tag Archives: gold

Two held for gold heist

The son of a well-known gold miner has been robbed of a huge quantity of raw gold, and two persons have been arrested in connection with the heist, police said. Guyana Police Force investigators were told that at about 3:15 PM on Thursday, 4th February, 2016, Akeem Chase of Craig, East Bank Demerara was driving a motor vehicle along Second Street, ...

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Mining concessions must be linked to gold declaration- Trotman

Miners would be unable to cash in on concessions for equipment unless they produce above a certain amount of the precious metal and abide by other industry rules including occupational safety and health standards, Minister of Natural Resources Raphael Trotman. “You can’t be declaring 23 ounces of gold and ask for a concession for an excavator knowing that you made over ...

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GGMC to open new yielding lands to small miners

Small miners are to be given greater access to more lands with potentially good yields in another three months, Minister of Natural Resources Raphael Trotman announced Friday. He made the announcement at the opening of a meeting for Small Scale Gold Miners held at the Arthur Chung Convention Centre, Liliendaal. “I, therefore, want to ensure that these lands are given ...

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Trotman, Broomes to meet with miners over duty free concerns

There will be no more US$3,000 signatures for Duty Free Concessions, says Natural Resources Minister Raphael Trotman who said that government would now be looking to engage miners bi-monthly to address some of their concerns. The Minister at a press conference today stated that he was made aware that some persons would pay as much as US$3000, for him to sign ...

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FBI gets involved as 15,000 ounces of illegal gold leave Guyana weekly – Trotman

Some 15,000 ounces of raw gold are being transported out of Guyana weekly, says Natural Resources Minister Raphael Trotman who disclosed that the Federal Bureau of Investigation and United States (US) Homeland Security are looking into the issue. Trotman made the disclosure at a press conference on Wednesday detailing that while some of the gold comes directly from Guyana, some ...

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Guyana Goldfields Inc. Produces 35,901 Ounces of Gold in 2015, achieving commercial production effective January 1, 2016

TORONTO, Jan. 5, 2016 /CNW/ – Guyana Goldfields Inc. (TSX:GUY) announced that gold production for 2015 mining operations totalled 35,901 ounces at its Aurora Gold Mine (“Aurora”) in Guyana, South America. From October 1, 2015 to December 31, 2015, the Company produced 35,723 ounces of gold, of which, 28,850 ounces were sold at an average realized price of $1,079 per ...

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Guyana seeking US help with gold smuggling court cases

Guyana has asked the United States for assistance to help convict a man for allegedly smuggling large quantities of  gold to New York. Tuschen, East Bank Essequibo businessman, Christopher Baldeo is accused of smuggling almost US$69,142 worth of gold to the United States between February 6 and 7, 2015. Currently on GYD$100,000 court bail, he is due to re-appear before ...

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Gold Board records 451,490 ounces -declarations exceed 2015 target

Despite  a significant drop in gold prices on the world market, and challenges in the mining sector over the past year, the Guyana Gold Board (GGB) has recorded 451,490 ounces of declared gold, surpassing this year’s target of 380,000 ounces, government announced Thursday. With the declarations, the GCB has recorded export earnings of approximately US$500 million, making the mineral, once ...

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