In 2012 gold exports to Canada amounted to $377 million, equivalent to 54% of the total exported by the region that year, but four years later the figure has fallen to 0.
Figures of the information system on the Gold Market in Crude, Semi Wrought or Powder form in Central America, compiled by CentralAmericaData's Business Intelligence Unit: [GRAFICA caption = "Click to interact with the graph"]
Due to the slow progress of the Chinese economy and the possible sale of reserves by Cyprus, the price of gold closed at $1,361.1, its lowest level since 2011.
"At the end of the first session of the week, at the Mercantile Exchange in New York, the most traded contracts for gold, due in June, lost $140.3 an ounce (a drop not seen in three decades) to end up at their lowest level since February 2011," noted an article in Laprensa.com.ni.
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.
"BlackRock Inc., which manages natural resource funds for $35.750 million, estimated there could be more mergers and acquisitions in the gold mining sector after the price of gold rose to unprecedented levels", reported Bloomberg News.