GGMC reminds stakeholders of documentation requirements, lawful gold sales & compliance with mining laws 

See full sttaement from the Guyana Geology and Mines Commission: 

The Guyana Geology & Mines Commission (GGMC) wishes to remind all miners, shop operators, licence holders, permit holders and other mining stakeholders of their obligation to comply with the laws and regulations governing mining operations in Guyana.

The Commission emphasizes that compliance with these requirements is mandatory and that enforcement action will be taken against persons found to be in breach of the applicable legislation.

𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗟𝗶𝗰𝗲𝗻𝗰𝗲𝘀, 𝗣𝗲𝗿𝗺𝗶𝘁𝘀 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀.
All mining stakeholders are reminded that copies of all relevant licences, permits, permissions, authorizations and other applicable documentation must be readily available at their respective mining operations and associated establishments, including mining shops, where applicable.

These documents must be presented to authorized officers of the GGMC and/or the Ministry of Natural Resources (MNR) upon request to facilitate inspection and verification.

Failure to produce the relevant documentation when requested will result in the immediate suspension of the affected operations, whether mining activities or shop operations, until the required documents are presented and verified by the Commission.

Stakeholders are therefore urged to ensure that all required documents are valid, current and readily accessible at their respective operations at all times.

𝗠𝗮𝗻𝗱𝗮𝘁𝗼𝗿𝘆 𝗦𝗮𝗹𝗲 𝗼𝗳 𝗚𝗼𝗹𝗱 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘇𝗲𝗱 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀

The GGMC further reminds all miners that gold produced from their operations must be sold through legally authorized channels, namely the Guyana Gold Board (GGB), licensed Gold Traders or licensed Gold Dealers, in accordance with the applicable laws and regulations.
Selling gold through these authorized channels is not only a legal obligation but also an essential part of maintaining transparency and accountability within the mining sector. It ensures that applicable taxes and statutory deductions are made and that accurate records of gold production and sales are maintained by the relevant authorities, including the GGMC and the GGB.

The Commission particularly underscores the importance of maintaining verifiable production records and evidence of gold sales. These records are essential for monitoring production, strengthening regulatory oversight and assessing compliance with the conditions attached to mining licences and permits.

As the licence renewal period approaches in January 2027, all miners are strongly advised to ensure that their production records and gold sales documentation are complete, accurate and up to date. Failure to satisfy the applicable requirements may affect the processing and renewal of licences and other authorizations.

𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘄𝗶𝘁𝗵 𝗠𝗶𝗻𝗶𝗻𝗴 𝗟𝗮𝘄𝘀 𝗮𝗻𝗱 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀

The GGMC also reiterates that all mining operations must be conducted in strict accordance with the Mining Act, the applicable Mining Regulations, all relevant legislation, licence conditions, permits and lawful directives.

The Commission will not condone breaches of the law, unauthorized activities or disregard for the regulatory requirements governing the sector. Any breaches or infractions identified during inspections or enforcement exercises will attract appropriate and firm enforcement action, which may include the suspension of operations and other sanctions provided for under the applicable legislation.

All miners, shop operators and other stakeholders are therefore urged to review their operations, ensure that their documentation is in order, maintain accurate production and sales records, and comply fully with all applicable legal and regulatory requirements.

The GGMC remains committed to promoting a transparent, accountable, responsible and law-abiding mining sector. Stakeholders are reminded that compliance is a shared responsibility and that sustained adherence to the law is essential to the effective management and development of Guyana’s mineral resources.

The Commission expects the full cooperation of all mining stakeholders and will continue to exercise its regulatory and enforcement responsibilities in the interest of the sector and the people of Guyana.