Guyana Gold Board2018-06-13T16:05:30+00:00

Guyana Gold Board

The Guyana Gold Board was established on May 15, 1982 to manage the business of trading gold in Guyana. The Board purchases and sells gold within Guyana and abroad, at a standard price which is fixed twice daily. It also secures adequate supplies of gold ensuring equitable distribution at fair prices and engages in other commercial and industrial activities. The GGB has issued dealers’ licences to 9 entities and individuals who help to facilitate the purchase of gold from sellers across Guyana. In addition to its office in Georgetown, the GGB has offices in Bartica and Charity.

For more information about the Guyana Gold Board please call:   Georgetown:  (592) 225-3173

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Press Release – Minister Trotman discusses Guyana Gold Board (Amendment) Bill 2019 with GGB, gold dealers and natural resources sector stakeholders

The Minister of Natural Resources Hon. Raphael Trotman today met with the Guyana Gold Board (GGB) along with gold dealers and mining organizations to discuss the amendments to the Guyana Gold Board Act. During the meeting, the Minister made a presentation of the Guyana Gold Board (Amendment) Bill 2019 which seeks to amend the Guyana Gold Board Act, Cap. 66:01 and certain provisions of the Tax Act, Cap 80:01 in an effort to strengthen the regulating regime of the gold trade. This would, as a result, allow the successful execution of the provisions of the Act and therefore improve transparency, accountability and the efficiency of the GGB in carrying out its business in relation to the purchase and sale of gold. After making his presentation, the Minister opened the floor to the gold dealers, stakeholders, and the GGB to have discussions on the bill for them to raise concerns and [...]

Press Release – CDC/NIOSH Visiting Team submits findings to PAHO/WHO

        Following a request made to the Pan American Health Organization/World Health Organization Representative’s office in Guyana by the Minister of Natural Resources for further technical support, the United States Department of Health and Human Services of the Centers for Disease Control and Prevention has submitted a preliminary summary of their findings and recommendations following a visit to Guyana from September 11 to 14, 2018. The visit was facilitated through ongoing collaboration with the PAHO/WHO Guyana Country Office and the National Institute for Occupational Safety and Health (NIOSH) following reports of concerns raised earlier in the year about overexposure to mercury emissions. The team consisted of two engineers: Duane R. Hammond MS, PE and Kevin H. Dunn Sc. D., CIH from the Engineering and Physical Hazards Branch, Division of Field Studies and Engineering. During the visit the team met with Ministers Trotman, Lawrence, and Scott, as well [...]

Guyana Gold Board Art Competition Guidelines

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Guyana Gold Board’s response to Guyana Times article

DPI, Guyana, Ministry of Natural Resources, Press Release, September 9, 2019 With reference to the Guyana Times article of September 6, 2018 headlined ‘Lost $47B Gold Board revenues could have cushioned sugar industry – Jagdeo’, the Guyana Gold Board has no record of realizing a loss of $47 billion to any company during any recent financial period as was reported in said article. The Guyana Gold Board reduced its deficit at the Central Bank from $18.9 billion which was incurred in the year 2012 to $4.7 billion at the end of 2017. This deficit was incurred when the world market price for gold plummeted, without any hedging strategy being in place to cushion the effects of falling prices that affected the large inventory of precious metal on hand – that was most unfortunate but the Guyana Gold Board learned over time and has implemented strategies to cushion the effects of [...]

Ministry of Natural Resources Mourns Death of Anthony Shields

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Gold Board and Mining Associations Executives forge new processing fee structure; Minister’s promise honoured

In keeping with a commitment made by Minister of Natural Resources, Hon. Raphael Trotman, during a discussion with miners’ representatives and others on September 7, 2017 at Cara Lodge, chairman of the Guyana Gold Board (GGB) GHK Lall, held a meeting yesterday September 14, 2017, with executives of the various mining associations operating under the umbrella body Miners United Movement.  The purpose of the meeting was to reexamine the existing processing fee of $2,500 per ounce for gold sold to the GGB. Present at yesterday’s meeting were, Mr. Terrence Adams and Mr. Andron Alphonso, President and Vice President, respectively of the Guyana Gold and Diamond Miners Association (GWMO), Ms. Urica Primus, President of the Guyana Womens Miners Organization (GWMO) and Mr. Renwick Solomon, Chairman, National Mining Syndicate (NMS). Communications initiated by the Mr.  Lall prior to the meeting laid the groundwork for thoughtful constructive exchanges on how to address the [...]

Team from the Royal Canadian Mint visits Guyana Gold Board to assess the agency’s oversight processes

GEORGETOWN, Guyana - The Guyana Gold Board (GGB) recently hosted a visit by a team from its refining partners, the Royal Canadian Mint (RCM).  Mr. Steve Higgins, Director, Storage and Refining Solutions led the team which included Mr. Derek Hall, Manager of Compliance.  The scope and focus weighed heavily on GGB’s policies and procedures relative to anti-money laundering supervision and the source of gold purchased.  The principal objective was to foster a level of assurance on the robustness of oversight processes of all gold declared from mine to market. RCM’s team reviewed GGB’s files, interviewed employees, visited a gold dealer, and met with members of the agency’s board of directors.  In a subsequent meeting with Minister of Natural Resources, Hon. Raphael Trotman, Mr. Higgins indicated that he was pleased with some of the due diligence efforts implemented at the GGB, and the other strides embarked upon to tighten existing GGB [...]