Honduras has enjoyed political stability since 1978. It has had democratic elections from 1982, and there are no indications the political situation will change. There have been positive reforms in the mining industry, a new Mining Code in 1996 provided many benefits to the industry, including substantially reduced taxes. The country is attracting an increasing number of senior mining companies. Honduras is located in a geologically diverse and favourable metalogenic region, hosting numerous precious and base metal deposits.
Excellent potential exists for world-class ore discoveries.