El Dorado Trading denies illegal Venezuela gold link

The Guyana Gold Board (GGB) is currently investigating allegations made to the Minerals Grievance Platform (MGP) that  local large-scale gold trader, El Dorado Trading is connected to illegally sourced Venezuelan gold, a claim the company denied vehemently yesterday.

Meanwhile, following the allegation, the Royal Canadian Mint (RCM) has suspended the intake of  El Dorado gold from the GGB until further notice.

El Dorado yesterday rejected the allegations which were filed with the MGP, saying that there is not “an iota or ounce of truth to the claims” and that the investigations will not only vindicate it, but show how easy it is for not only a company’s name to be tarnished, but a country’s entire sector put in fear of blacklisting because of “haters or fear of competition”.