– according to Guyana Gold Board
THROUGH effective servicing of the gold mining sector, the Guyana Gold Board has allowed for a steady increase in the levels of gold declaration over the last ten years.A press statement released by the Guyana Gold Board made this disclosure and further emphasised that the full services of the trading of gold for the local mining industry have been continuously enhanced by the Guyana Gold Board (GGB).
The statement added that with assistance of the licensed gold dealers, miners have been able to sell their gold to legal entities located in the various mining districts across the country for ease of doing business. As such, the operations of the licensed dealers are complimentary to the undertakings of the GGB.
It was also noted that according to the GGB, granting of licences to private firms was done to ensure that better levels of declaration can be achieved in the geographic areas where the GGB does not have an office.
Moreover, the GGB assured that the level of operations in the gold mining industry in Guyana has not slowed down, as there is an improved level of mine site tasks.
The statement elaborated on the fact that the Guyana Gold Board and all relevant stakeholders of the local gold mining industry have been paying close attention to the current trends of the gold trade on the world economy, and the factors that have been causing the fall in prices.
“Whilst prices have fallen tremendously over the last two weeks, it is still expected that lower prices will prevail on the world market,” the board said.
However, the Guyana Gold Board expects a great recovery in the price of gold in the third quarter of 2014, as it says the gold market will continue to thrive under these current pressures.
“Therefore, through the operations of the Guyana Gold Board’s offices in Georgetown and Charity, all of our clients can ensure that their transactions are handled in an efficient manner. However, despite the temporary closure of the Bartica Sub-Office; the management and Board of Directors of the GGB have ensured that all clients continue to receive the benefits of the services provided at both the regional and national levels.
“It must be emphasised that the closure of the sub-office in Bartica should not be seen as the main reason for the lower levels of declarations that have been reported for Guyana for the comparative periods in 2013 and 2014. The closure of the Region 7 sub-office was necessary to facilitate a transparent investigation by the Guyana Police Force,” the GGB release has said.
The gold mining community is accordingly being encouraged to utilise the services of all licensed dealers to ensure that they can receive payments for their sales as effectively as possible.
The GGB is therefore appealing to all licensed dealers to provide to the gold mining community the services for which they have been granted, so that the level of gold trade can be improved for the overall benefit of the local economy, the statement concluded.