Nicaragua Mining Exports Continue to Decline

210616actNota2-2photo02In the first four months of the year foreign sales fell by 5.5% year-on-year, affected by lower volume and lower average international prices.

The Foreign Trade report by the Central Bank of Nicaragua said that exports in the mining sector contracted by 5.5% in the period from January to April compared with the same period in 2015, reaching $107.4 million.

In the case of gold, the report states that “…recovery was observed in the contracted price of gold, since it averaged $1243.4 per troy ounce in April 2016, the highest since February 2015. ” Laprensa.com.ni reports that “…This improvement, according to Raul Amador, a specialist in international markets is due to the uncertainty that has been seen in the international markets, which has forced investors to take refuge in that asset. ”

- payin the bills -

Amador said “…The sales price for gold has been rising and has remained in ranges of stability, what we have seen is that production levels have fallen in the country and thus affected income, which suggests that advantage is not being taken of the opportunity to do business in the upward trend seen.”

Source: laprensa.com.ni

- paying the bills -
- paying the bills -

Related Articles

19 dead and 45 injured in traffic accident in Waslala, Matagalpa

TODAY NICARAGUA - The overturning of a truck left 16 people...

Remittances grow despite the coronavirus pandemic

“Everybody sends money to family members for their daily subsistence and...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.