Fortuna Mining Corp. CEO Jorge Ganoza recently highlighted a growing trend among West African nations regarding the gold mining industry. As international gold prices continue to climb, these governments are actively exploring strategies to capture a larger portion of the sector's financial gains. The executive, whose Canadian company maintains operations in Guyana, noted that this shift in fiscal policy is becoming more prevalent in resource-rich regions. The remarks were made during a recent industry discussion, underscoring the pressure mining companies face as host countries seek to maximize their economic benefits from rising commodity values. This development reflects a broader global movement where states are re-evaluating their fiscal frameworks to ensure they receive a greater share of profits during periods of market appreciation.
Source : Kaieteur News
