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Ecuador's international reserves reached $11,940 million as of March 13, 2026 — the highest level in the country's history. In a dollarized economy, reserves directly back every dollar in circulation, making this a significant indicator of financial stability.
Canadian mining giant Lundin Gold announced a $100 million exploration budget for 2026, targeting 133,000 meters of drilling across its concessions in Zamora Chinchipe province. The investment aims to extend the life of its flagship Fruta del Norte gold mine as gold prices surge toward record highs.
Cuenca has become the third Ecuadorian city to adopt a formal climate action plan, covering electric bus deployment and water source protection. Bloomberg Philanthropies has awarded the city $150,000 for youth-led environmental projects as Cuenca enters 2026 under a dramatically different hydrological reality.
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.
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.
Gold prices have shattered records, hitting $5,092 per ounce. For Ecuador, a gold exporter, this means higher revenues even without increased production.
