NICA Act Extension to 2035: New Bill Targets Nicaragua’s Gold Sector
US Senators introduce a bill to extend and expand the NICA Act, adding gold sector sanctions and new triggers, with an early exit if Nicaragua meets democratic conditions. The post NICA Act Extension to 2035: New Bill Targets Nicaragua’s Gold Sector appeared first on The Rio Times .
A new bipartisan bill introduced in the US Senate, known as the REFORMAR Act, aims to extend and expand sanctions on Nicaragua for up to 2035. The bill, formally titled the Restoring Electoral Fairness and Opposition Rights through Mandates for Accountability Act, would target Nicaragua's gold sector specifically. This move comes as Nicaragua's gold exports have soared to nearly $2 billion in 2025, accounting for nearly 22% of the country's exports that year.
Major gold miners like Calibre Mining and Mako Mining are operating in Nicaragua, but the bill does not currently sanction these companies. If passed, the REFORMAR Act would make operating in Nicaragua's gold mining or related activities a specific sanctions trigger. The bill also extends the NICA Act's sanctions authority until December 2035, and imposes additional sanctions triggers like religious freedom abuses and politically motivated prosecutions.
This bill represents a tougher stance by the US on Nicaragua, signaling potential financial isolation for the country.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
