Gold from Latin America
Poverty and the political unrest it causes exist in some Latin American countries. But also gold. Recently Venezuela received help from Iran to repair refinery plants. According to a Bloomberg report, Venezuela has paid with gold. Nine tons of gold are said to have travelled to Iran by plane.
Companies listed in Canada with gold development projects in Latin America include Condor Gold: https://www.commodity-tv.com/play/condor-gold-mine-plan-for-la-india-and-mestiza-open-pits-fully-permitted/. Its La India gold project in Nicaragua is said to have the highest resource grade among the open-pit gold mine projects there. With La India, Condor Gold holds almost 600 square kilometres of exploration licences in a gold mining area where gold mines already exist. Initially, it should be possible to produce around 100,000 ounces of gold annually. In the longer term, underground mining is then planned.
In Nicaragua too, the political situation was not easy, especially in 2018, but the situation seems to have improved.
GoldMining also has gold and copper projects in Latin America: https://www.commodity-tv.com/play/newsflash-with-goldmining-rnc-minerals-isoenergy-and-gold-terra-resources/. The portfolio includes three projects in Colombia, seven in Brazil, one project in Peru and further projects in the USA and Canada. The growth-oriented company recently acquired the Yarumalito gold project in Colombia (inferred resource of 1.24 million ounces of gold).
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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