Investments in Gold Mining On The Rise

During 2011 the price of gold has continued to rise, and so far this year has recorded growth of 16%, which has encouraged mergers and acquisitions in this mining sector.

Wednesday, October 26, 2011

In the eleventh year of rising prices, gold reached the record value of $1,923.70 an ounce on September 6.

"BlackRock Inc., which manages natural resource funds for $35.750 million, estimated there could be more mergers and acquisitions in the gold mining sector after the price of gold rose to unprecedented levels", reported Bloomberg News.

In the case of Nicaragua, exports of gold come second only to coffee and beef which generate the most foreign exchange for the country.



More on this topic

Outlook for Gold in Nicaragua

May 2013

Falling gold prices in the international market are worrying the mining sector, but are not a reason to stop investing in the country.

In an interview in Laprensa.com.ni by Lucia Navas with Pablo Venturo, B2Gold's country manager, the official explains how the company's operations are in Nicaragua and their expectations for the future.

Nicaraguan Gold Amid Falling Prices

April 2013

While the outlook is expected to improve at the international level, the mining industry in Nicaragua has announced that it is prepared to withstand the collapse of gold prices.

According to Pablo Venturo, B2Gold mining manager, the investments of about $400 million which have been implemented over the past four years has allowed them to be ready today for the collapse of gold prices in the international market.

Unease over Guatemalan gold rush

August 2008

With gold prices skyrocketing, the Mayans of Guatemala find themselves caught up in a new rush for the precious metal.

Mario Tema sits across from me, a Mayan with a mission.

We are in the town of Sipacapa in the Western Highlands of Guatemala, washing down a breakfast of tamale and beans with a cup of freshly brewed coffee.

Nicaragua could be missing out on the gold boom

May 2008

Nicaragua has a long tradition of gold-mining but is failing to cash in on the current boom in the price of the metal.

Until 60 years ago, Nicaragua was one of the world's leading gold producers but years of social conflict put the mining industry into the shade.
Now geologists and independent companies say the government should do much more to promote gold mining as a major plank for the development of the nation's economy.

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