- Paying the bills -

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

Related Articles

Ortega banishes 222 political prisoners from Nicaragua

TODAY NICARAGUA - A total of 222 political prisoners of the...

Ortega authorizes signing a cooperation agreement on atomic energy with Russia

TODAY NICARAGUA (EFE) Nicaragua's Sandinista president, Daniel Ortega, authorized this Friday...


- paying the bills -

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.