Nicaragua: Gold Exports Up 8%

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

Tuesday, May 16, 2017

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.  

See also: "Export of Metalliferous Minerals in Central America"

Ríos told Elnuevodiario.com.ni that " ..."The positive results of the first quarter allow us to anticipate an excellent year. If prices behave as they did in the first quarter, we estimate around US $400 million in exports by the end of 2017. In 2016, 285,900 troy ounces of gold were exported for a value equivalent to US $357 million."

"... Canadian-based B2Gold said by e-mail that its 2017 gold production in Nicaragua is keeping pace with 2016.  "In the first quarter of this year, B2Gold Nicaragua's gold production reached 37,400 troy ounces," they said."


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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.

Nicaragua: Precious Metal Exports Fall

May 2015

Low gold prices and weaker external demand account for 14% of the annual fall in the export of metal products for March.

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.

Nicaragua Expects to Export $140 Million of Gold

March 2010

The country’s mining industry expects to double its gold exports in 2010, its main destinations being the United States and Canada.

The Central Bank of Nicaragua revealed that in 2009 the country sold 88.000 troy ounces, netting $81 million.

Sergio Ríos, president of Caminic, the Chamber of Mining Companies of Nicaragua, commented that “as long as the U.S.

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