|Coat of Arms of Nicaragua|
Gold mining is not an especially important component of
’s economy although there are a few mines that have been producing gold since the 1940s. This producer id the Limon Mine belonging to Glencairn Gold Corporation. During a recent year this mine produced about 48,000 ounces of gold. Altogether this mine has produced approximately 2.7 million ounces of gold in the period from 1941 and ending in 1979. This was during the period when the mine was under the control of Noranda, a Canadian Mining Company. The property is still in production. Nicaragua
A recent discovery of epithermal gold has been made in the southeastern part of the country by Nuevo
a project of Radius Gold. This is in an area of rolling farmland that is served by good roads from Guinea making the extraction of gold an easy process. More work by Radius on its 100% owned San Pedro discovery that is about 200 km west of Managua in an area of epithermal quartz veins located anomalous high readings of gold in stream sediments that has returned values that range from a trace ti as high as 6.8 g/t of gold. There are several other occurrences of gold in Managua that are undergoing exploration. Some of these projects are the El Pavon, Rio Luna, El Limon, La Libertad and La Nicaragua . India
At one point in the development of the area the subduction zone split giving rise to the
that in the more recent Caribbean Islands Lesser Antilles are mainly volcanic, the Greater Antilles are all known to be gold bearing, but it must be remembered these islands share a common ancestry with Central America.