Honduran Mining Exports Increase

The surge in exports is explained mainly by increased sales of non-ferrous metals such as gold and silver.

A report by the Central Bank of Honduras shows that foreign sales of gold increased in value by 31.9% making a total of $54.1 million, driven by rising international market prices (26.6% ). In terms of volume, growth was 4.1%, amounting to 37.6 thousand troy ounces.

"Also, silver exports increased by $12.6 million, due to the better prices for the metal, up from $11.76 in June 2010 to $23.41 per troy ounce in 2011", reported latribune.hn.

Source: latribuna.hn

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