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Nicaragua’s gold production will keep rising in 2014

Nicaragua’s mining sector will be increasing 10 percent in 2014 by producing approximately 325,000 troy ounces of gold.

PRLog - Feb. 6, 2014 - MANAGUA, Nicaragua -- Nicaragua’s mining sector will be increasing 10 percent in 2014 by producing approximately 325,000 troy ounces of gold, according to projections stated by Denis Lanzas, Vice-President of the Nicaraguan Chamber of Mines (CAMINIC, for its acronym in Spanish).

The mining sector has become one of the country’s most important exporters in the past few years. According to Ministry of Energy and Mines (MEM, for its acronym in Spanish), gold exports reached US$435.9 million in 2013, a 3 percent increase in comparison to the US$422.8 million exported in 2012, while gold production increased by 38 percent in 2013, reaching 309,960 troy ounces.

Furthermore, gold surpassed coffee as the country’s most exported product in 2013, according to the Center for Exports Procedures (CETREX, for its acronym in Spanish); its main export markets are the United States and Canada.

In efforts to showcase the successful development of this sector, Nicaragua will participate in the 2014 Prospectors & Developers Association of Canada (PDAC) Convention, the world’s leading mining event. The event will be held on March 2nd–5th 2014 at the Metro Toronto Convention Center in Canada. The country will have a booth (#1604) where participants will be able to learn about Nicaragua’s mining sector.

The PDAC is a national association that represents Canada’s mineral exploration and development industry with over 10,000 individual corporate members. Its objective is to promote a responsible, vibrant and sustainable Canadian mineral exploration and development sector. In 2012, over 30,000 participants from 125 countries attended the event.

For more information on Nicaragua’s participation in the 2014 PDAC, visit www.nicaragua-pdac.org

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