The Guyana Geology and Mines Commission (GGMC) has implemented a series of measures to curb illicit activities and environmental degradation in the gold mining sector. The new regulations require all miners and stakeholders to maintain local bank accounts and update their personal records by January 31, 2026.
Failure to comply with these requirements may result in the suspension of licences and permits, as well as severe consequences for those who fail to adhere to the rules.
The government’s efforts to strengthen oversight and accountability in the sector are part of a broader national push to protect the environment and root out illegal practices. The GGMC’s new compliance requirements mark a significant shift towards stricter regulation and improved traceability in Guyana’s gold mining industry.
Source: newsroom.gy
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