Ecuadorean lawmakers pass reform geared at driving mining investment

Ecuador’s lawmakers passed reforms aimed at attracting mining investment, a potentially meaningful medium-term catalyst for project development and future metal supply. For precious metals, improved permitting/fiscal clarity can unlock gold/silver exploration and development pipelines, but timelines are long and near-term supply impact is limited. Desk watchpoints: details on royalties/taxes, community consultation rules, and security/legal stability—these will determine whether majors/juniors re-rate Ecuador exposure. Net effect is modestly supply-bearish longer term (more projects), but sentiment-positive for LatAm mining risk if credible.