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.
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.
The El Salvador Congress has approved a law that ends the country's seven-year prohibition on mining for metals, despite ...
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 ...
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.” ...
El Salvador in Central America ... President Bukele, who led the legislation by pushing for the gold mine development policy along with the purchase of Bitcoin, wrote on his X (X, former Twitter ...
El Salvador's Congress on Monday approved a bill promoted by President Nayib Bukele to roll back a ban on the mining of gold and other metals, dismaying environmentalists. The small Central ...
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.
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