According to preliminary studies cited by the president, El Salvador's gold reserves could be worth an astounding three trillion dollars - representing over 8,800% of the country's current GDP.

According to Bukele, the small Central American nation sits atop an estimated $3 trillion in unmined gold reserves—a potential jackpot that could radically transform El Salvador's financial future.

In a series of posts on the social network X he claimed that El Salvador, a country of 6.6 million people, had "potentially" the largest gold deposits per square kilometer in the world.

making El Salvador the first nation to do so. Fazenda has been operating since 1984 as a combined underground and open pit mine, producing over 3.3 million oz. of gold to date.

Economist Carlos Acevedo, a former president of the Central Reserve Bank, noted that the “spectacular” figures presented by Bukele make it seem as though El Salvador “is sitting on a gold mine.” ...

Bukele said last month that El Salvador, a country of 6.6 million people, had "potentially" the largest gold deposits per square ... over plans for a huge copper mine.

An artisanal miner holds ore extracted from the abandoned San Sebastian mine in Santa Rosa de Lima, La Union department, El Salvador, on December 5, 2024 The San Sebastian River is contaminated ...

El Salvador's gang-busting strongman President Nayib Bukele has set out on a new mission: to kickstart his country's sputtering economy by inviting back the mining companies that were barred seven ...