THE National Mining Syndicate of Guyana is urging all small miners to sell their gold to the Guyana Gold Board (GGB).
The syndicate believes that in doing so, those miners would be contributing directly to the local economy.
It says that while it is aware that some small miners have over the years grown accustomed to selling their gold to authorised dealers, who in turn sell to the Board, there are significant financial returns and other benefits, which small miners could enjoy if they engage the board directly.
“Further, we stand firmly behind small miners who seek to do business with the GGB,” the syndicate said Wednesday in a press statement.
They have also reminded fellow miners that one of the requirements for working on syndicate mining properties is that production should be sold to the GGB, and to take their obligation to the State’s tax authority, the Guyana Revenue Authority (GRA), very seriously.
According to the syndicate, being tax- compliant allows miners to access their duty-free concessions.