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.

The president of the Mining Chamber of Nicaragua (Caminic), Sergio Rios, told Laprensa.com.ni that he was  "... confident that 2017 will be a positive year for gold prices because ... 'gold could take advantage of the expected US government tax reform which would benefit public spending making demand for commodities skyrocket. This could lead to the international price of gold reaching an average of $1,350.'"

Rios added that "... 'At the national level, we see a recovery in terms of production because partners continue to invest to improve their processes and modernize their infrastructure. And we have great expectations with new projects that are about to start and the very good results of exploration companies.'"

Source: laprensa.com.ni

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