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Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Gold prices have shattered records, hitting $5,092 per ounce. For Ecuador, a gold exporter, this means higher revenues even without increased production.
