economy
May 9, 2026
Nicaragua's Regime Grants 70,000 Hectares of Land to British-Origin Company
La India Gold, a subsidiary of the British Metals Exploration (which acquired Condor Gold in January 2025), operates in the La India mining district, department of León.
TL;DR
- La India Gold Sociedad Anónima was granted seven mining lots covering 69,538.86 hectares in León, Matagalpa, and Chinandega.
- The 'La India' lot, spanning 6,850 hectares, was renewed for an additional 25 years.
- Six new lots totaling over 62,600 hectares were also awarded, including 'Cinco Pinos I' in Chinandega.
- La India Gold is a subsidiary of British Metals Exploration, which acquired Condor Gold.
- The company plans to develop gold production, with initial targets of 80,000 ounces annually.
- The expansion is driven by high international gold prices, exceeding $5,000 per ounce.