Nicaragua could be missing out on the gold boom

Nicaragua has a long tradition of gold-mining but is failing to cash in on the current boom in the price of the metal.

Monday, May 5, 2008

Until 60 years ago, Nicaragua was one of the world's leading gold producers but years of social conflict put the mining industry into the shade.
Now geologists and independent companies say the government should do much more to promote gold mining as a major plank for the development of the nation's economy.

More on this topic

Nicaraguan Gold Attracts Colombians

February 2013

The Colombian mining company Mineros S.A. is discussing the possibility of investing in Nicaragua in both exploration and exploitation.

Without giving further details, the Colombian company Mineros S.A. announced that it is discussing the possibility of acquiring the shares of a company in Nicaragua.

Investments in Gold Mining On The Rise

October 2011

During 2011 the price of gold has continued to rise, and so far this year has recorded growth of 16%, which has encouraged mergers and acquisitions in this mining sector.

In the eleventh year of rising prices, gold reached the record value of $1,923.70 an ounce on September 6.

Businessmen Satisfied with Mining Legislation in Nicaragua

May 2010

The mining industry in Nicaragua, is attracting foreign investors, which claim to be “comfortable” doing business in the country.

The recent opening of mine “La Libertad” showed the government’s expectative of making gold an important export product, potentially becoming the third largest income generator of the country.

Unease over Guatemalan gold rush

August 2008

With gold prices skyrocketing, the Mayans of Guatemala find themselves caught up in a new rush for the precious metal.

Mario Tema sits across from me, a Mayan with a mission.

We are in the town of Sipacapa in the Western Highlands of Guatemala, washing down a breakfast of tamale and beans with a cup of freshly brewed coffee.

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