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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.
Washington and Quito have 'substantially concluded' negotiations on a reciprocal trade agreement set to be signed in coming weeks. But Ecuador's biggest non-oil export to the U.S. — shrimp worth $2 billion a year — may not get the tariff relief the industry needs to survive.
President Daniel Noboa has been invited to a Trump-hosted Latin American presidential summit on March 7 in Miami, aimed at countering Chinese influence in the region. The U.S. also highlighted Ecuador's mining potential and signed a critical minerals agreement.
EP Petroecuador reported field production of approximately 370,000 barrels per day in January 2026, with the Sacha and Auca blocks leading output. While below peak levels, the steady numbers support government revenue forecasts and reduce the risk of mid-year austerity cuts.
Ecuador signed a bilateral mining framework with the United States at the inaugural Critical Minerals Ministerial on February 4. The agreement positions Ecuador's copper and gold reserves as strategically important to Washington -- and adds fuel to the mining debate in Azuay.
The government has indefinitely suspended all mining in Napo province and restricted processing plants in El Oro and Loja after detecting arsenic, cyanide, and heavy metals at dangerous levels in Amazonian rivers.
The government has indefinitely suspended all mining activity in Napo and restricted processing plants in El Oro and Loja after finding heavy metals in the Amazon's Napo River and links between illegal mining operations and drug cartels.
