HEMCO was created in the municipality of Bonanza, Nicaragua, as a company in the business of exploration and mining. It produces approximately 60,000 ounces of gold a year, and is the eighth largest national exporter and the 90th largest in Central America and the Caribbean.
We reinvest between USD 12 and USD 18 million a year in our operations in Bonanza. USD 3 million is invested in exploration in the North Caribbean Coast Autonomous Region (RACCN, for the Spanish original) (expanding to the municipalities of Rosita, Siuna and Waspam) and USD 2 million as co-investment in support for small-scale mining.
We work with the Secretary of Development of the Caribbean Coast to diversify the economy of Bonanza, channeling resources to promote cacao and rubber plantations of Hemco, as well as those of the artisanal miners. We will study other agroforestry species that we can include in the diversification of the artisanal mining cooperatives in the short term.
At Hemco, we promote sustainable business growth, by following responsible practices for the environment, our community and the country. Our mine in Bonanza, RACCN, is the only one in Central America where the workforce is mostly national. Some 90% of our executives, supervisors, managers and employees are from the RACCN.
For more information, please consult www.hemco.com