The new US sanctions expand a previously signed Trump-era executive order to include specific potential restrictions on trade and investment involving Nicaragua, with a particular reference to the gold industry.

Total LOM production is estimated at 3.97 million oz. of gold, peaking during 2025-2030 at average production of 360,000 oz. per year.

The new agreements with Cuban partners would allow the Moa joint venture to prioritize dividend payments in the form of finished cobalt.

The 70%-owned Cerro Los Gatos mine in Mexico produced a record 2.7 million oz. of silver for the three months ended September 30.

Average annual gold output will be 60,000 to 70,000 oz. in years one through four, and about 60,000 oz. annually over the life of the project.

In a snapshot of the global project pipeline, Miningintelligence data provides a ranking of the largest projects in 2022.

Mexico hopes its reserves of the key battery component will help it benefit from a global shift toward electric vehicle production.