Investments in Gold Mining On The Rise

During 2011 the price of gold has continued to rise, and so far this year has recorded growth of 16%, which has encouraged mergers and acquisitions in this mining sector.

Wednesday, October 26, 2011

In the eleventh year of rising prices, gold reached the record value of $1,923.70 an ounce on September 6.

"BlackRock Inc., which manages natural resource funds for $35.750 million, estimated there could be more mergers and acquisitions in the gold mining sector after the price of gold rose to unprecedented levels", reported Bloomberg News.

In the case of Nicaragua, exports of gold come second only to coffee and beef which generate the most foreign exchange for the country.

More on this topic

Nicaragua could be missing out on the gold boom

May 2008

Nicaragua has a long tradition of gold-mining but is failing to cash in on the current boom in the price of the metal.

Until 60 years ago, Nicaragua was one of the world's leading gold producers but years of social conflict put the mining industry into the shade.
Now geologists and independent companies say the government should do much more to promote gold mining as a major plank for the development of the nation's economy.

Unease over Guatemalan gold rush

August 2008

With gold prices skyrocketing, the Mayans of Guatemala find themselves caught up in a new rush for the precious metal.

Mario Tema sits across from me, a Mayan with a mission.

We are in the town of Sipacapa in the Western Highlands of Guatemala, washing down a breakfast of tamale and beans with a cup of freshly brewed coffee.

Nicaragua Expects to Export $140 Million of Gold

March 2010

The country’s mining industry expects to double its gold exports in 2010, its main destinations being the United States and Canada.

The Central Bank of Nicaragua revealed that in 2009 the country sold 88.000 troy ounces, netting $81 million.

Sergio Ríos, president of Caminic, the Chamber of Mining Companies of Nicaragua, commented that “as long as the U.S.

Nicaragua: CA Goldfields Could Exploit Gold Mine "La Curva"

December 2009

CA Goldfields Inc. will revisit the La Curva property in Nicaragua due to the recent high gold prices and maintained low extraction costs of mining in the area.

The property has a terrestrial expansion of approximately 2,000 acres and is located in Bonanza, a mining district that forms part of the world famous Golden Triangle of Nicaragua.

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