Selling to the Guyana Gold Board and paying of the relevant royalties and taxes ensure that the Government and more so the Guyana Geology and Mines Commission that is mandated with the role of oversight of the mining sector have the finances necessary to ensure that roads and other infrastructural works are put in place to foster safe mining and boost the mining sector 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

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The problem with artisanal-scale gold mining is that it requires no heavy machinery and thus involves minimal outlay Moreover small-scale gold mining has provided a revolving-door opportunity for poor workers from the Andean highlands to seek their fortune in illegal mining

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-Provision of mining equipment -Large-scale investors for the mining industry especially in the areas of gold and bauxite for exploration purposes and to improve the efficiency and productivity of operations -On the services end there is the need for processing labs and drilling companies Web Resources Guyana Office for Investment

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Machinery Corporation of Guyana Limited (MACORP) was founded in 1994 by GECOLSA a well known dealer in South America with operations in Colombia Bahamas and some other countries with related businesses MACORP was established by being awarded by as the only Authorized Dealer in Guyana

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Guyana

The main economic activities in Guyana are agriculture (production of rice and Demerara sugar) bauxite and gold mining timber shrimp fishing and minerals The sugar industry which accounts for 28% of all export earnings is largely run by the company GuySuCo which employs more people than any other industry

Find your recreational gold mining equipment and panning supplies here Gold pans sluice boxes metal detectors digging tools gold vials snuffer bottles and a bunch of other must have small equipment for placer gold mining are offered here You can even view and list your used mining equipment here as well See all of prospecting equipment

Mining Guyana is among the world's largest bauxite producers The sector accounted for about 10% of the nations GDP in 2014 The sector contributed 40% of the nation's exports in the same year Other major mineral resources in the country include diamonds gold

See our interactive gold mining map for gold production per country in 2016 Overall levels of mine production have grown significantly over the last decade although substantial new discoveries are increasingly rare and production levels are increasingly constrained Gold mining and mine production does not respond quickly to prices

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