Gold miners warned not to pay for goods or services with gold

SEE BELOW FULL STATEMENT FROM THE COMMISSIONER OF THE GUYANA GEOLOGY & MINES COMMISSION, NEWELL DENNISON:

This public notice reminds all mine operators, claim holders, permit holders, and lessees that paying wages or compensating goods and service providers with gold in any form is strictly prohibited. This is in accordance with the governing regulations regarding the conveyance of gold, which forbids such transactions without the proper permits or licenses from the relevant authorities.

All mine operators and claim/permit holders and licensees are also reminded that gold obtained from mining activities must be sold only to the Guyana Gold Board and/or authorised dealers and their agents, or traders licensed by the GGMC. Failure to comply as stated above could result in the seizure of the gold by the proper authority and legal action against the involved parties. Please ensure strict adherence to these guidelines at all times.