Nicaragua: Precious Metal Exports Fall

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

Tuesday, May 26, 2015

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.

In addition, gold production also fell in Nicaraguan mines, reporting a 10% drop in the first quarter compared to the same period in 2014.

Sergio Rios, president of the Mining Chamber of Nicaragua (Caminic), acknowledged that "... 'production is currently slightly below the first quarter of 2014', but expects the rest of the year to recover. 'This will be possible with the entry into operation of two new gold processing plants and the predicted increase in production by large businesses.'"

Laprensa.com.ni reports that "... Caminic is maintaining its outlook on gold production of an increase between five and ten percent in 2015, which will help the incursion of new companies by the end of the year - though he did not mention their names- as well as investments in exploration by operating companies. "

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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: Gold Exports Up 8%

May 2017

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

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.  

Nicaragua: Optimistic Projections for Mining

February 2017

The union anticipates a positive year for the international price of gold, whose exports generated $357 million between January and November 2016, 12% more than in the previous year.

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.

Mining Production Increases in Nicaragua

February 2011

In 2010 the production of gold troy ounces increased by 88% and silver by 56%, generating $ 226.67 million in sales.

The Nicaraguan Chamber of Mines (Caminic), argues that with the successful production in 2010 of 156 thousand troy ounces, the country ranks among the top ten producers in Latin America.

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