Guyana’s mining and quarrying sector is estimated to have expanded by 21 per cent in 2025, according to Minister of Finance, Dr Ashni Singh.
During his presentation of Budget 2026 to the National Assembly on Monday, Dr Singh reported that expansion in the oil and gas and support services industry remained strong during the year, alongside continued gains across the other mining subsectors.
The oil and gas subsector is estimated to have grown by 21 per cent in 2025, with total crude oil production reaching 261.1 million barrels. Growth was driven by higher output from the Liza Unity and Prosperity Floating Production Storage and Offloading (FPSO) vessels, as well as the startup of the One Guyana FPSO in August 2025.
Average crude oil production from the Stabroek Block was just under 830,000 barrels per day (bpd). During the year, the Liza Destiny FPSO produced an average of approximately 134,300 bpd, the Liza Unity FPSO averaged 249,500 bpd, the Prosperity FPSO averaged 255,200 bpd, and the One Guyana FPSO produced just under 191,000 bpd.
Gold mining output expands
The gold mining industry is estimated to have expanded by 11.6 per cent in 2025, with total gold declarations amounting to 484,321 ounces.
While declarations from licensed dealerships declined by 21.5 per cent to 121,883 ounces, output from the lone large-scale operator increased by 15.5 per cent to 167,005 ounces. Declarations to the Guyana Gold Board (GGB) also rose by 45.6 per cent to 195,432 ounces. Dr Singh noted that strengthened compliance and enforcement measures within the sector supported improved declarations.
Significant growth in bauxite production
Led by the ramp-up in metallurgical grade (MAZ) production, the bauxite mining industry is estimated to have grown by 53.4 per cent in 2025, with total production reaching 3.9 million tonnes.
With a full year of ramped-up output from the MAZ project in Region 10, production from the larger operator in the sector increased by 138.4 per cent to nearly 3.7 million tonnes. Output from the smaller operator also expanded, rising from 173,970 tonnes in 2024 to 253,875 tonnes in 2025. Further growth in the industry was moderated by operational and weather-related challenges experienced during the year.
The other mining subsector, which includes sand, stone, diamonds, and manganese, recorded an estimated expansion of 28.9 per cent in 2025.
Sand extraction and stone declarations are estimated to have grown by 20 per cent and 68.3 per cent, respectively, driven by sustained demand from public and private sector construction activity. Manganese production is estimated to have increased by 13.5 per cent to 331,402 tonnes.
Dr Singh noted that these gains more than offset an estimated 24.2 per cent decline in diamond declarations recorded during the year.