Strong Rise in Mineral Exports

Between January and April of 2018, the Honduran mining sector generated $88 million in sales abroad, 60% more than was reported in the first four months of last year.

Wednesday, July 11, 2018

The Central Bank of Honduras (BCH) reported that between the first four months of 2017 and the same period in 2018, sales in the mining sector abroad grew from $55 million to $88 million.

See "Metalliferous minerals market in Central America"

Shipments abroad of gold -particularly to the US- added up to a value of US $41.0 million, a behavior that is explained by an improvement of 7.7% in the price and higher volumes (4.5%), the BCH explains in a report.

"... Zinc exports were worth US $22.1 million, showing an increase of US $13.5 million over what was observed up to April 2017; originated from an increase in volume of 8.6 million pounds; a mineral that is sent to Belgium and Mexico."

See full report (In Spanish).

More on this topic

Mining in Honduras: $168 million Exported in 2017

January 2018

Gold, silver, lead and zinc were some of the main materials exported during 2017, and the main buyers were the USA, Germany, Aruba, Austria and Belgium.

The authorities at the Honduran Institute of Geology and Mines (Inhgeomin) presented figures for 2017 and explained that the good performance achieved last year was mainly due to favourable international prices and to the reactivation in economies such as the United States, which led to an increase in demand for metals and minerals, especially for construction.

Honduras: Mining Exports Up 23%

June 2017

In the first quarter of the year, exports from the mining sector totaled $39 million, an increase of 23% compared to the same period in 2016.

From a report by the Central Bank of Honduras:

The products classified in the mining activity accounted for an exported value of US $39.0 million, US $7.4 million (23.3%) more than in relation to March 2016; brought about by an improvement in the price of minerals in the international market, which has encouraged the largest shipments. 

Nicaragua: Gold Exports Up 8%

May 2017

In the first four months, gold sales abroad generated $110 million, an increase of 8% compared to the same period in 2016.

The mining companies' association attributes the good results achieved between January and April to stability in the international price of gold and an increase in production. Sergio Ríos, president of the Nicaraguan Chamber of Mining (Caminic), pointed out that at the end of last April the price of gold remained at an average of US $1,255 per troy ounce.  

Honduras: Mining Exports Down 17%

October 2016

The decrease in the exports of gold, silver and lead accounted for most of the years drop of 17% in exports from the mining sector up to August 2016.

From a report entitled "Foreign Trade General Merchandise" by the Central Bank:

Mining activity was valued at $103.7 million, down US $21.4 million compared to the same period in 2015; mostly explained by lower sales of gold, silver and lead. 

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