The NYHRMC's success attractes other companies to…
1888 CE to 1899 CE
The NYHRMC's success attractes other companies to Honduras, and gold and silver exports become the principal source of foreign exchange for the rest of the century.
The NYHRMC 's success stands alone, however; most of the nearly one hundred other companies are total failures.
The Yuscaran Mining and Milling Company sells over US$5 million in stock but fails to begin effective production.
By the end of the nineteenth century, the brief mining boom is in decline, although the NYHRMC will remain a major factor in the Honduran economy until the mid-twentieth century.