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 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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