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Dominican Republic exports US$1.05B of gold in 3Q

Santo Domingo.- Dominican RepublicĀ“s gold production topped 1.13 million troy ounces in 2014, or 34.5% higher than last year; while silver totaled 4.1 million troy ounces, a 63.3% jump over the previous year.

The National Statistics Office (ONE) on Thursday said in 2014 the country produced 289,274 more ounces gold than in 2013, and 1,590,963 more ounces of silver in that year.

Exports

The ONE said preliminary figures reveal that of precious metal exports, gold totaled US$1.05 billion in the third quarter, representing 16.5% of total exports.

It said gold paced precious metal exports with US$974.3 million (90.4% of total mining exports), mostly to Canada (US$506.7 million), followed by India, US$397.9 million and the United States, US$42.1 million.

As to non-precious metals, aluminum topped US$27.2 million (100% to China), copper ores US$21.5 million (93.8% to China) and raw silver, US$11.8 million; 61.9% to Switzerland and 37.8% to the United States.

The ONE adds that gold production exceeded 289,274 ounces and 1,590,963 ounces of silver last year, which also increased compared with 2013.

Source: DT

Nov 5, 2015

Category: DR News |

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