Nicaragua to stand out in this week’s PDAC

Feb. 27, 2013 - PRLog -- Nicaragua will be participating as of this Sunday, March 2rd, in the Prospectors & Developers Association of Canada (PDAC) Convention. One of the highlights of the country’s participation in the event will be the seminar entitled “Nicaragua: Discover the Mining Opportunities”, scheduled for the morning of Tuesday, March 5th in Room 205DC of the North Building of the Metro Toronto Convention Centre.

The conference will include presentations from General Alvaro Baltodano, Presidential Delegate for Investments; H.E. Francisco Campbell, Ambassador of Nicaragua in the United States and Canada; Carlos Zarruk, General Director of Mines; and Sergio Ríos, President of the Nicaragua Chamber of Mines; as well as representatives from the Canadian Embassy, and renowned mining companies successfully operating in Nicaragua such as B2Gold, HEMCO, Condor Gold Plc., Calibre Mining, Alder Resources, Corazon Gold and Golden Reign Resources.

The seminar will highlight Nicaragua’s openness for business, its pro-mining legal framework, government and private sector alliance, and the country’s investment opportunities in mineral and non-mineral exploration and exploitation.

Kim Evans, President and CEO of Golden Reign Resources, a Canadian based mineral exploration company focused on gold exploration in Nicaragua, stated that “2012 was a pivotal year, with the delivery of our first resource calculation. We fully expect that 2013 will witness the company’s continued growth and success.”

According to the Ministry of Energy and Mines (MEM, for its acronym in Spanish), the mining sector established itself as one of the country’s most important exporters, with gold reaching US$422 million in exports in 2012, a 16 percent increase versus 2011 exports. Additionally, year after year gold has ranked as Nicaragua’s top five export products.

Nicaragua will also host a booth (#1604) at this year’s PDAC Convention where participants will be able to obtain information on the country’s investment opportunities and take a look at Nicaragua’s main mining concessions.