President Dr. Irfaan Ali has announced that by 2027, Guyana will see the return of two large-scale gold mines to full production, pushing national output to more than one million ounces annually.
Speaking at a recent public engagement, the President said the revival of the two major operations will signal another phase of Guyana’s economic expansion beyond oil and gas, as part of his government’s wider diversification drive.
“By 2027, many people do not realize we’ll have two large gold mines moving to production again, seeing gold production more than a million ounces annually,” the President stated, adding that the projects will come at a time when global gold prices continue to strengthen.
President Ali noted that the renewed investments in the mining sector will complement ongoing exploration and new discoveries expected to come on stream between 2029 and 2030. He stressed that these ventures are part of a broader plan to build what he described as “the most imaginative, diversified, forward-looking economy the world has ever seen.”
The Head of State reaffirmed that Guyana’s development is not confined to oil wealth but rests on the strategic advancement of multiple productive sectors, including mining, agriculture, tourism, technology, and infrastructure.
“These developments,” he said, “reflect our vision to leapfrog Guyana into an economy that is resilient, diversified, and globally competitive.”
