Nicaragua: Expectations for Nonmetal Mining

Mining companies anticipate good results for 2016, not only because of the expected improvement in international prices but also due to the dynamism of local construction.

Monday, April 25, 2016

Non-metallic mining is the category, in the view of representatives of the sector, which achieved the best performance this year because of the construction boom in the country, which is demanding ever more limestone, sand and other essential materials used for building.

See: "Nicaragua: Construction Up 18% in 2015"

On the other hand, in relation to metal mining, which in recent years has been affected by low international prices, such as the case of gold, better results are anticipated than those achieved so far, because so far this year, " ... the price (of gold) has been rising. 'In January it was trading at $1,089 an ounce and most recently it stood at $1,258, 'said Sergio Rios to, president of the Mining Chamber of Nicaragua (Caminic)."

"... Rivers believes that if this trend holds out, 2016 will close better than 2015, since in the same period in that year an ounce traded at $1,207, representing an increase of 18.6 percent and we have yet to see the final numbers at the end April, which could further improve that picture. "

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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.

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Nicaragua: Optimistic Projections for Mining

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The stability of the international price of gold in 2016 was the main reason behind the good results achieved by the sector dedicated to metal mining in Nicaragua.  Gold exports exceeded $357 million, according to data at CETREX and better results are projected for this year.

Nicaragua: Precious Metal Exports Fall

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In the first quarter of 20,700 ounces of gold were exported, down from the 73,800 ounces sold in the same period in the previous year. The main reason behind this decrease is the fall is the international price of gold, which has remained low over the past year and part of this year.

The Mining Sector in Nicaragua

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In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.

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