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Gold mining boom in Nicaragua

By Guy José Bendaña-Guerrero & Asociados - 10/11/2020

According to an article by bnamericas, Nicaragua is shaping up for a gold mining boom, with companies pushing ahead with projects delivering more than 300,000oz/y in the coming years.

“The growth aims – spread across four producers and explorers – comes amid widespread praise for the country as a positive jurisdiction for mining, and against a backdrop of higher prices,” the article states.

Gold is currently trading around US$1,900/oz after hitting all-time highs of over US$2,000/oz in August, up from around US$1,200/oz in October 2018. Combined output growth offered by the projects, of around 312,500oz/y, will almost double Nicaragua's gold output.

Nicaragua is emerging as Central America’s leading mining investment destination. The country contains three sizeable gold mines, mostly re-commissioned mines from the early part of the 20th century, but in recent years Nicaragua has also seen a significant flow of investments into new exploration projects. Mining activity is currently concentrated in three main areas – The El Limón and La Libertad mines in the department of León and the HEMCO mine in the municipality of Bonanza. 

By Guy José Bendaña-Guerrero & Asociados - 10/11/2020
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.