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It appears that gold sector, which regained its lead as the country’s biggest foreign currency earner, is well on track to meet its target of a record breaking 550,000 ounces this year.Guyana Goldfields has sold gold, generating over US$26M for this year,David Desharnais Canadiens Jersey, the company said yesterday.Yesterday,Sergei Nemchinov Rangers Jersey, Canadian-owned, Guyana Goldfields Inc., announced that it has produced over 21,000 ounces for this year. This is on top of the 35,Tyler Johnson Lightning Jersey,000-plus ounces it produced for the last three months of last year when that large-scale producer operationalised its Aurora mines in Region Seven.Guyana Goldfields’ announcements would follow news that Aussie gold mining outfit, Troy Resources, has so far produced over 11,000 ounces for this year, on top of the 2,500 ounces it declared last year.According to Guyana Goldfields yesterday, production for the year to date totaled 21,855 ounces at its Aurora Gold Mine.“Since reaching commercial production on January 1, 2016, the company has produced 21,855 ounces of gold, and sold 22,551 ounces at an average realized price of $1,155 per ounce generating approximately US$26.1 million in pre-royalty, pre-tax revenue.”For the year to date, the mill processed an average of 5,083 tonnes of ore per day, of which 74% of the ore processed was composed of hard rock, at an average head grade of 2.83 grams per tonne gold,David Perron Penguins Jersey, with gold recoveries averaged 89%.“All required mill maintenance,Braydon Coburn Lightning Jersey, including a 36-hour planned maintenance interval,Pierre Turgeon Canadiens Jersey, took place during this period.”Total overall gold production since September 2015 is 57,757 ounces.“The company has mined a total of 875,523 tonnes of ore grading 2.87 g/t Au and a total of 725,Andrew Shaw Canadiens Jersey,117 tonnes of ore has been fed to the mill and the remaining tonnes of ore were stored in the stockpile located near the mill.  In addition, 2,Serge Savard Canadiens Jersey,207,929 tonnes of waste has been mined.”The company, which Guyana is banking on to raise declarations to unprecedented levels, said that mining is going well with total material mined for the year exceeding the plan by 27% or 261,Marcus Johansson Capitals Jersey,749 tonnes.“Drilling and blasting of ore and waste is ongoing. Open pit mining at Rory’s Knoll has reached approximately – 25m below the river level elevation with minimal surface subsidence, as expected.”Scott A. Caldwell, President & CEO states, “With commercial production having been achieved and mining and milling throughputs performing above expectations, we will turn our focus to optimizing gold recovery, reducing reagent consumption rates, reducing freight and equipment rental costs, and other continuous improvement initiatives designed to further improve operating efficiencies and reduce costs.”The company currently has approximately US$44M in cash, of which, US$27M consists of restricted cash.