Ecuador is a small country, but has gold in the ground

Hills and rivers cover biodiverse Ecuador. Gold was first discovered there in the 16th century.

The striving for progress is reflected in Ecuador’s plans to develop projects in the field of renewable energies. Above all, photovoltaic, wind power, geothermal and biomass projects are to be promoted. But mining should not be neglected either, because there is gold in Ecuador.

Mining in Ecuador still only accounts for a small part of the gross domestic product, but the mining potential is high, this has already been recognized. The government is now also promoting the mining industry and wants to ensure a sense of responsibility. Whereas in the past mining was done more on a small scale, mining operations are to be automated and modernized. Improved techniques, tools and technical knowledge shall promote a proper gold production.

Financial opportunities for the mining sector are to be created. One programme aims to train miners and also ensure mercury-free gold mining. Industrial incentives are also to be created to make access to finance more positive for miners.

In Ecuador, Adventus Mining – is working on completing the feasibility study for the El Domo project, with mine construction scheduled to start next year. The Ecuadorian company Salazar Resources is a partner in this project. Adventus Mining is also involved in a nationwide exploration association. This relates to the Pijili and Santiago copper-gold porphyry projects.

Also exploring for gold in Ecuador is Aurania Resources . The company has several projects in Ecuador and Peru, including The Lost Cities-Cutucu project in the Andes Mountains of southeastern Ecuador. The project contains gold, copper, silver and also zinc.

Current corporate information and press releases from Adventus Mining (- -) and Aurania Resources (- -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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