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Honduras NATURAL RESOURCES AND ENERGY
Mining and Minerals
Mining, the mainstay of the Honduran economy in the
late 1800s,
declined dramatically in importance in the 1900s. The New
York and
Honduras Rosario Mining Company (NYHRMC) produced US$60
million
worth of gold and silver between 1882 and 1954 before
discontinuing
most of its operations. Mining's contribution to the GDP
steadily
declined during the 1980s, to account for only a 2 percent
contribution in 1992. El Mochito mine in western
Honduras, the
largest mine in Central America, accounted for most
mineral
production. Ores containing gold, silver, lead, zinc, and
cadmium
were mined and exported to the United States and Europe
for
refining.
Data as of December 1993
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