High Gold Price Brings Miners to Nicaragua

Nov. 15, 2011 - PRLog -- COMMENTARY—ProspectingJournal.com—For those who read our previous article on Nicaragua, it’s a predictable surprise that, thanks to foreign investment, this tiny nation has reported an economic surge for 2011. And having recently won yet another election, President Daniel Ortega has promised to create a more accepting environment for miners. His continued role in the country thus comes as a relief, as Nicaragua’s role in the modern gold rush has likely just begun.

As we noted back in June, mining development in Nicaragua is well underway, with the junior, mid-tier and senior companies all competing for a slice of the country’s mining-friendly jurisdiction along the Central American Gold Belt. This legendary “belt,” which stretches from Costa Rica to Guatemala with a total of more than 20 million ounces of historic gold production, is largely unexplored and has become a hotbed for exploration and production. To date, a mere handful of companies are chipping away at the underground wealth, with several on our watch-list leading the charge . . .

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