National mining syndicate urges small miners to sell to GGB

first_imgThe National Mining Syndicate (NMS) of Guyana is urging small miners that it is imperative for them to sell their gold production to the Guyana Gold Board (GGB).The NMS in a statement reiterated that in so doing, they are contributing directly to Guyana’s economy.The release added that while that National Mining Syndicate is aware that some small miners have over the years grown accustom to selling their gold production to authorised dealers who in turn sell to the Gold Board, there is significant financial returns and other benefits which small miners can enjoy if they engage the Gold Board directly.“Further, we stand firmly being small miners who seek to do business with the Guyana Gold Board,” the statement added.In addition, the small miners are reminded that one of the requirements for working on syndicate mining properties is that production should be sold to the GGB.“We also seek to remind all small miners to take their obligation to the State’s tax authority, namely the Guyana Revenue Authority, very seriously”.This obligation, the release posited, allows for several benefits, including but not limited to them accessing their duty-free concessions.last_img read more

Continue reading