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Mining in Guyana is a significant contributor to the economy owing to sizable reserves of bauxite, gold, and diamonds. [1] Much of these resources are found in Guyana's Hilly Sand and Clay belt, a region that makes up 20% of the country.
The Guyana Stock Exchange is operated by the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI) and is regulated by the Guyana Securities Council. Market capitalisation of local stocks in November 2021 stood at 568,639,217,573 GYD (US$2.72 billion). [3]
Gold mining at Omai is known from at least the 1880s, and when it was developed as a large scale mine in 1992 by Cambior, the mine was the largest gold mine in the Guiana Shield and a major source of income and employment in Guyana. During the period from 1992 – 2005, Omai produced 3.7 Moz of gold at an average grade of 1.5 g/t Au from the ...
Linden is the second largest city in Guyana after Georgetown, and capital of the Upper Demerara-Berbice region, [2] located at , altitude 48 m (160 ft). It was declared a town in 1970, and includes the communities of MacKenzie, Christianburg, and Wismar.
Guyana Goldfields Inc. (TSE:GUY) shareholders should be happy to see the share price up 24% in the last month. But...
Ituni is a village in the interior of Guyana, at an altitude of 100 metres (331 feet).The area grew as a result of bauxite mining in the area. [3]Ituni is closely affiliated with Linden, its closest neighbours are Kwakwani, Aroaima, Maple Town and Laddern's Ville on the Berbice River.
As of Oct. 23, the stock was up over 50% in the past year compared to a 34.3% increase in the price of gold. Newmont had a huge surge in October before the recent sell-off.
The economy of Guyana is one of the fastest growing economies in the world, with a gross domestic product (GDP) growth of 19.9% in 2021. [9] In 2024, Guyana had a per capita gross domestic product (purchasing power parity) of Int$80,137 and an average GDP growth of 4.2% over the previous decade. [4]