IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.09▲ 0.29% USD/MXN17.44▲ 0.28% USD/CLP927.20▲ 0.13% USD/COP3,222▼ 1.17% USD/PEN3.39▲ 0.25% USD/ARS1,474▼ 0.17% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.37% BRENT 84.82 ▼ 0.15% WTI 78.88 ▼ 0.90% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.23% GOLD 4,020 ▼ 0.61% SILVER 56.78 ▼ 0.59% SOY 1,201 ▼ 0.10% CORN 464.50 ▲ 3.80% WHEAT 673.50 ▼ 0.59% COFFEE 312.75 ▼ 6.49% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.35 ▼ 3.24% COTTON 79.07 ▼ 1.85% COCOA 5,482 ▼ 4.44% BEEF 222.68 ▼ 3.24% CATTLE 345.15 ▼ 1.37% LITHIUM 69.60 ▼ 2.05% PETR4 40.54 ▼ 0.12% VALE3 73.14 ▼ 1.84% ITUB4 42.83 ▼ 0.72% BBDC4 18.45 ▼ 0.81% ABEV3 15.69 ▲ 0.77% BBAS3 20.67 ▲ 0.58% B3SA3 15.42 ▼ 1.72% WEGE3 44.12 ▼ 0.32% PRIO3 57.42 ▼ 0.14% SUZB3 41.95 ▲ 1.13% RENT3 39.72 ▼ 1.56% AZZA3 18.67 ▲ 0.05% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.94 ▼ 1.01% PSSA3 55.23 ▲ 0.02% CVCB3 1.37 ▲ 2.24% POSI3 3.87 ▼ 2.03% SLCE3 13.68 ▲ 1.33% NATU3 8.58 ▼ 1.04% BRKM5 6.29 ▼ 1.87% RANI3 8.04 ▲ 0.75% CSNA3 5.19 ▼ 0.95% CMIN3 5.45 ▲ 4.01% USIM5 8.19 ▼ 0.12% GGBR4 24.20 — 0.00% ENEV3 26.37 ▼ 2.15% CPFE3 46.77 ▼ 0.13% CMIG4 11.06 ▼ 0.81% EQTL3 39.91 ▼ 1.04% LREN3 13.87 ▼ 1.63% VIVT3 35.63 ▲ 0.45% RAIL3 14.02 ▼ 0.36% KLABIN 17.51 ▲ 0.69% RAIA DROGASIL 18.67 — 0.00% RDOR3 35.89 ▼ 0.33% HAPV3 10.81 ▼ 1.64% FLRY3 16.43 ▼ 0.48% SMTO3 15.61 ▲ 0.52% UGPA3 31.91 ▲ 2.60% VBBR3 34.44 ▲ 2.04% BBSE3 41.25 ▲ 1.33% BPAC11 56.89 ▼ 0.26% CURY3 32.13 ▼ 1.83% AERI3 2.02 — 0.00% VIVARA 23.50 ▼ 0.09% COMPASS 24.96 ▼ 0.60% VAMOS 3.17 ▲ 1.60% SANB11 26.86 ▼ 0.52% ASAI3 8.55 ▼ 1.27% SBSP3 29.89 ▼ 0.30% WALMEX 49.55 ▼ 0.30% GMEXICO 200.81 ▲ 0.30% FEMSA 226.86 ▲ 1.77% CEMEX 22.96 ▲ 1.50% GFNORTE 180.08 ▼ 1.84% BIMBO 58.95 ▲ 2.49% TELEVISA 9.52 ▼ 0.42% AMX 22.95 ▲ 0.66% GAP 394.10 ▼ 0.75% ASUR 282.97 ▼ 0.17% OMA 234.77 ▼ 0.18% KOF 179.94 ▲ 1.68% GRUMA 285.22 ▲ 1.38% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,275 ▼ 0.35% GGAL 8,055 ▼ 1.83% PAMPA 5,140 ▼ 1.91% TXAR 666.00 ▼ 0.75% ALUAR 952.50 ▼ 0.73% TGS 9,585 ▼ 1.69% CEPU 2,302 ▼ 1.79% MIRGOR 16,700 ▼ 1.62% COME 45.10 ▼ 1.16% LOMA NEGRA 3,590 ▼ 0.62% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,263 ▼ 1.22% ECOPETROL 15.94 ▼ 0.25% BANCOLOMBIA 79.75 ▼ 2.21% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.05 ▼ 2.05% SOUTHERN COPPER 178.41 ▼ 1.73% BUENAVENTURA 30.02 ▼ 2.25% MERCADOLIBRE 1,852 ▲ 0.49% NUBANK 13.93 ▲ 0.36% XP 16.79 ▼ 0.47% PAGSEGURO 9.21 ▼ 0.05% STONE 11.25 ▼ 0.31% GLOBANT 32.60 ▲ 1.94% TECNOGLASS 47.00 ▲ 2.90% GAP AIRPORT 226.05 ▼ 0.77% ASUR 282.97 ▼ 0.17% OMA AIRPORT 107.81 ▼ 0.08% AMX ADR 26.29 ▲ 0.69% FEMSA ADR 130.08 ▲ 1.02% CEMEX ADR 13.19 ▲ 0.92% PETROBRAS ADR 17.69 ▼ 0.95% VALE ADR 14.33 ▼ 2.31% ITAU ADR 8.37 ▼ 0.95% SANTANDER BR 5.31 ▼ 0.75% AMBEV ADR 3.06 ▲ 0.83% CSN 1.02 ▼ 0.97% GERDAU 4.78 ▼ 0.52% LATAM ADR 54.23 ▼ 1.17% BTC 64,679 ▼ 0.05% ETH 1,881 ▼ 1.88% SOL 76.52 ▼ 0.96% XRP 1.12 ▲ 0.21% BNB 579.67 ▼ 0.07% ADA 0.16 ▼ 0.85% DOGE 0.07 ▼ 0.55% AVAX 6.63 ▼ 0.99% LINK 8.44 ▼ 1.15% DOT 0.85 ▲ 0.78% LTC 45.17 ▲ 0.10% BCH 222.67 ▼ 0.22% TRX 0.32 ▼ 0.34% XLM 0.19 ▲ 1.68% HBAR 0.07 ▲ 0.08% NEAR 2.07 ▲ 0.24% ATOM 1.53 ▼ 1.77% AAVE 92.62 ▼ 3.35% SELIC 14.25% EMBRAER 83.05 ▲ 0.85% EMBRAER ADR 65.14 ▲ 0.37% JBS 12.31 ▲ 1.69% JBS BDR 62.60 ▲ 1.90% MBRF3 15.42 ▲ 0.13% MBRFY 2.98 ▲ 3.83% INTER 5.54 ▼ 1.51% EGX 52,928 ▲ 0.70% USD/ZAR16.41▲ 0.48% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.42▲ 0.14% USD/CNY6.76▼ 0.12% DAX 24,854 ▼ 0.58% CAC 8,353 ▼ 0.35% FTSE 10,546 ▲ 0.28% MIB 52,194 ▼ 0.42% IBEX 19,239 ▼ 0.19% STOXX 642.31 ▼ 0.06% EUR/USD1.15▼ 0.12% GBP/USD1.35▲ 0.65% SPX 7,563 ▼ 0.12% DJI 52,791 ▲ 0.25% NDX 29,210 ▼ 0.99% RUT 2,987 ▲ 0.37% TSX 35,412 ▼ 0.01% VIX 15.94 ▲ 1.72% USD/CAD1.40▼ 0.04% US10Y 4.5820 ▲ 0.81% IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.09 ▲ 0.28% USD/MXN 17.44 ▲ 0.28% USD/CLP 927.20 ▲ 0.13% USD/COP 3,222 ▼ 1.17% USD/PEN 3.39 ▲ 0.25% USD/ARS 1,474 ▼ 0.17% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.37% BRENT 84.82 ▼ 0.15% WTI 78.88 ▼ 0.90% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.23% GOLD 4,020 ▼ 0.61% SILVER 56.78 ▼ 0.59% SOY 1,201 ▼ 0.10% CORN 464.50 ▲ 3.80% WHEAT 673.50 ▼ 0.59% COFFEE 312.75 ▼ 6.49% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.35 ▼ 3.24% COTTON 79.07 ▼ 1.85% COCOA 5,482 ▼ 4.44% BEEF 222.68 ▼ 3.24% CATTLE 345.15 ▼ 1.37% LITHIUM 69.60 ▼ 2.05% PETR4 40.54 ▼ 0.12% VALE3 73.14 ▼ 1.84% ITUB4 42.83 ▼ 0.72% BBDC4 18.45 ▼ 0.81% ABEV3 15.69 ▲ 0.77% BBAS3 20.67 ▲ 0.58% B3SA3 15.42 ▼ 1.72% WEGE3 44.12 ▼ 0.32% PRIO3 57.42 ▼ 0.14% SUZB3 41.95 ▲ 1.13% RENT3 39.72 ▼ 1.56% AZZA3 18.67 ▲ 0.05% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.94 ▼ 1.01% PSSA3 55.23 ▲ 0.02% CVCB3 1.37 ▲ 2.24% POSI3 3.87 ▼ 2.03% SLCE3 13.68 ▲ 1.33% NATU3 8.58 ▼ 1.04% BRKM5 6.29 ▼ 1.87% RANI3 8.04 ▲ 0.75% CSNA3 5.19 ▼ 0.95% CMIN3 5.45 ▲ 4.01% USIM5 8.19 ▼ 0.12% GGBR4 24.20 — 0.00% ENEV3 26.37 ▼ 2.15% CPFE3 46.77 ▼ 0.13% CMIG4 11.06 ▼ 0.81% EQTL3 39.91 ▼ 1.04% LREN3 13.87 ▼ 1.63% VIVT3 35.63 ▲ 0.45% RAIL3 14.02 ▼ 0.36% KLABIN 17.51 ▲ 0.69% RAIA DROGASIL 18.67 — 0.00% RDOR3 35.89 ▼ 0.33% HAPV3 10.81 ▼ 1.64% FLRY3 16.43 ▼ 0.48% SMTO3 15.61 ▲ 0.52% UGPA3 31.91 ▲ 2.60% VBBR3 34.44 ▲ 2.04% BBSE3 41.25 ▲ 1.33% BPAC11 56.89 ▼ 0.26% CURY3 32.13 ▼ 1.83% AERI3 2.02 — 0.00% VIVARA 23.50 ▼ 0.09% COMPASS 24.96 ▼ 0.60% VAMOS 3.17 ▲ 1.60% SANB11 26.86 ▼ 0.52% ASAI3 8.55 ▼ 1.27% SBSP3 29.89 ▼ 0.30% WALMEX 49.55 ▼ 0.30% GMEXICO 200.81 ▲ 0.30% FEMSA 226.86 ▲ 1.77% CEMEX 22.96 ▲ 1.50% GFNORTE 180.08 ▼ 1.84% BIMBO 58.95 ▲ 2.49% TELEVISA 9.52 ▼ 0.42% AMX 22.95 ▲ 0.66% GAP 394.10 ▼ 0.75% ASUR 282.97 ▼ 0.17% OMA 234.77 ▼ 0.18% KOF 179.94 ▲ 1.68% GRUMA 285.22 ▲ 1.38% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,275 ▼ 0.35% GGAL 8,055 ▼ 1.83% PAMPA 5,140 ▼ 1.91% TXAR 666.00 ▼ 0.75% ALUAR 952.50 ▼ 0.73% TGS 9,585 ▼ 1.69% CEPU 2,302 ▼ 1.79% MIRGOR 16,700 ▼ 1.62% COME 45.10 ▼ 1.16% LOMA NEGRA 3,590 ▼ 0.62% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,263 ▼ 1.22% ECOPETROL 15.94 ▼ 0.25% BANCOLOMBIA 79.75 ▼ 2.21% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.05 ▼ 2.05% SOUTHERN COPPER 178.41 ▼ 1.73% BUENAVENTURA 30.02 ▼ 2.25% MERCADOLIBRE 1,852 ▲ 0.49% NUBANK 13.93 ▲ 0.36% XP 16.79 ▼ 0.47% PAGSEGURO 9.21 ▼ 0.05% STONE 11.25 ▼ 0.31% GLOBANT 32.60 ▲ 1.94% TECNOGLASS 47.00 ▲ 2.90% GAP AIRPORT 226.05 ▼ 0.77% ASUR 282.97 ▼ 0.17% OMA AIRPORT 107.81 ▼ 0.08% AMX ADR 26.29 ▲ 0.69% FEMSA ADR 130.08 ▲ 1.02% CEMEX ADR 13.19 ▲ 0.92% PETROBRAS ADR 17.69 ▼ 0.95% VALE ADR 14.33 ▼ 2.31% ITAU ADR 8.37 ▼ 0.95% SANTANDER BR 5.31 ▼ 0.75% AMBEV ADR 3.06 ▲ 0.83% CSN 1.02 ▼ 0.97% GERDAU 4.78 ▼ 0.52% LATAM ADR 54.23 ▼ 1.17% BTC 64,679 ▼ 0.05% ETH 1,881 ▼ 1.88% SOL 76.52 ▼ 0.96% XRP 1.12 ▲ 0.21% BNB 579.67 ▼ 0.07% ADA 0.16 ▼ 0.85% DOGE 0.07 ▼ 0.55% AVAX 6.63 ▼ 0.99% LINK 8.44 ▼ 1.15% DOT 0.85 ▲ 0.78% LTC 45.17 ▲ 0.10% BCH 222.67 ▼ 0.22% TRX 0.32 ▼ 0.34% XLM 0.19 ▲ 1.68% HBAR 0.07 ▲ 0.08% NEAR 2.07 ▲ 0.24% ATOM 1.53 ▼ 1.77% AAVE 92.62 ▼ 3.35% SELIC 14.25% EMBRAER 83.05 ▲ 0.85% EMBRAER ADR 65.14 ▲ 0.37% JBS 12.31 ▲ 1.69% JBS BDR 62.60 ▲ 1.90% MBRF3 15.42 ▲ 0.13% MBRFY 2.98 ▲ 3.83% INTER 5.54 ▼ 1.51% EGX 52,928 ▲ 0.70% USD/ZAR 16.41 ▲ 0.77% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.46 ▲ 0.20% USD/CNY 6.7622 ▲ 0.06% DAX 24,854 ▼ 0.58% CAC 8,353 ▼ 0.35% FTSE 10,546 ▲ 0.28% MIB 52,194 ▼ 0.42% IBEX 19,239 ▼ 0.19% STOXX 642.31 ▼ 0.06% EUR/USD 1.1444 ▼ 0.21% GBP/USD 1.3484 ▼ 0.39% SPX 7,563 ▼ 0.12% DJI 52,791 ▲ 0.25% NDX 29,210 ▼ 0.99% RUT 2,987 ▲ 0.37% TSX 35,412 ▼ 0.01% VIX 15.94 ▲ 1.72% USD/CAD 1.4040 ▲ 0.02% US10Y 4.5820 ▲ 0.81%
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Thursday, July 16, 2026

Latin America Colombia

Cocaine and Gold Fuel Ecuador’s Militarized Clash with Colombian Rebels

By · May 16, 2025 · 2 min read

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Ecuadorian President Daniel Noboa declared three Colombian criminal factions-Comandos de la Frontera, Frente Oliver Sinisterra, and Disidencias Comuneros del Sur-as organized armed groups on May 15, 2025, escalating military operations along the 730-kilometer Amazonian border.

The decree follows a May 9 ambush in Alto Punino, Orellana province, where 11 soldiers died during anti-illegal mining operations. Comandos de la Frontera, a FARC splinter group, claimed responsibility using grenade launchers and military-grade explosives.

Comandos de la Frontera controls cocaine trafficking routes between Colombia’s Nariño department and Ecuador’s Sucumbíos province, collaborating with Ecuadorian gangs like Los Lobos.

Frente Oliver Sinisterra, linked to Mexico’s Sinaloa Cartel, gained infamy for kidnapping and executing three Ecuadorian journalists in 2018. Disidencias Comuneros del Sur, a breakaway faction of Colombia’s ELN guerrilla, dominates illegal gold mining in Napo province, extracting $500 million annually while contaminating 230 rivers with mercury.

Ecuador’s homicide rate reached 44.5 per 100,000 residents in 2025, surpassing Mexico and Colombia. President Noboa’s January 2024 “internal armed conflict” declaration against 22 criminal groups led to 10,000 arrests but failed to reduce violence.

Cocaine and Gold Fuel Ecuador’s Militarized Clash with Colombian Rebels
Cocaine and Gold Fuel Ecuador’s Militarized Clash with Colombian Rebels. (Photo Internet reproduction)
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Illegal mining now fuels 35% of gang revenue, with 1,500 elite troops deployed to Amazonian provinces. A May 13 military operation killed alias “Compadre,” a Comandos de la Frontera leader linked to Los Lobos, recovering explosives and drug shipments.

Ecuador’s Security Crisis Deepens Amid Colombia Peace Talks

Colombia’s peace talks with Comandos de la Frontera complicate cross-border coordination, as the group negotiates with Bogotá while battling Quito. Ecuador’s Constitutional Court challenges the conflict designation, citing insufficient evidence of sustained hostilities.

Human rights groups criticize expanded military powers approved in a 2024 referendum, citing extrajudicial killings and forced displacements. The Noboa administration seeks international support, urging the U.S. to classify Ecuadorian gangs as terrorist entities.

Over 70% of global cocaine transits Ecuadorian ports, with dollarization enabling $1.26 billion in illegal gold exports in 2023. Prison reforms remain stalled as gangs recruit inmates, controlling 80% of detention facilities.

Ecuador’s security crisis reflects a regional struggle against transnational crime, with 2,600 hectares of rainforest lost annually to mining. The government now faces balancing militarized responses with judicial oversight, as border communities endure crossfire between armies and cartels.

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