Ecuador refines more than a half-tonne of gold from small miners

Central Bank of Ecuador museum
Central Bank of Ecuador money museum, Quito
Rachael King

Ecuador’s central bank announced the refining of nearly 19,000 troy ounces (590.7 kilogrammes) of gold purchased from domestic small-scale miners. According to a July 13 press release, the refined gold is worth $36.1 million, and was incorporated into the country’s international reserves.

The Central Bank of Ecuador launched its domestic gold purchase programme in 2012, and now has two gold purchase offices in Quito and Machala. A third is planned for the city of Zamora.

The central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.