Nicaragua: Access to Mining Project Blocked

Artisanal miners from the municipality of Santa Rosa del Peñón are preventing the entry of machinery into La India mine, where Condor Gold is carrying out exploration activities.

Wednesday, August 9, 2017

The Chamber of Ministers of Nicaragua (Caminic) issued a statement expressing concern about "the situation in La India mine, where some members of the community are preventing the right to work of the inhabitants who are collaborators of Condor Gold, a company that generates employment and carries out exploration work there."

See also: "Mining Potential in Nicaragua"

Representatives from Condor Gold, which has been operating in Nicaragua since 2010, told Elnuevodiario.com.ni that the company  "... has been carrying out mining exploration work since 2012 and, according to Martínez, 'the project does not harm artisanal miners; we managed to make 24 agreements from 2010 to August 2017, 24 agreements with the cooperative of artisanal miners in the town to conduct studies."

See also: "Metallic Mining Figures in Central America"

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Nicaragua: Good Prospects for Mining

June 2017

This year's projections are for production of 276 thousand troy ounces of gold and 689 thousand silver, and it is expected that $355 million will be generated in export earnings.

The mining companies' association predicts that private investment this year will range from $125 million to $140 million. Sergio Ríos, president of the Mining Chamber of Nicaragua (Caminic), "... recently stated that 'gold production in 2016 amounted to 267,000 troy ounces' and that since 2011 the production of precious metal has grown at a annual average rate of 9.3%'."

Nicaragua Wants More Mining Investment

March 2017

The union of mining companies is promoting the arrival of new foreign investments in order to achieve greater development and formalization of metal mining in the country.

The president of the Mining Chamber of Nicaragua (Caminic), Sergio Rios, presented  to foreign businessmen the characteristics and conditions offered by the country's for mining investments and invited them to invest in the country and take advantage of its geological potential.

Guatemala: Marlin Gold Mine May Be Sold

August 2016

The sale of the mine is part of a marketing plan for some of the assets owned by the Canadian concessionaire Goldcorp.

In addition to the operations of the Marlin mine, Goldcorp has put on sale its gold and silver mine Los Filos in Mexico, and also is studying alternatives to offload the Alumbrera mine in Argentina.

Nicaragua Grants 25 Year Gold Mining Concession

April 2010

Canadian mining corporation Condor Resources has been granted a 25 year exploration and mining concession in Nicaragua.

The 22.5 kilometer area is located in La Libertad – Santo Domingo, and adds to Condor’s 5 existing concessions in the country.

From Proactiveinvestors.com: “According to Condor, the Cerro Quiroz vein was discovered in 2003 by Canadian explorer Chesapeake Gold Corp (TSX-V: CKG) which defined a north-south trending quartz vein grading up to 17.8 grams per tonne gold over more than 1500 metres strike length”.

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