IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▲ 0.30% USD/MXN 17.30 ▲ 0.03% USD/CLP 887.50 ▼ 0.50% USD/COP 3,571 ▲ 0.16% USD/PEN 3.40 ▼ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.96 ▲ 0.36% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.83 ▼ 0.47% BRENT 97.62 ▲ 1.69% WTI 95.51 ▲ 1.87% IRON ORE 161.91 — — COPPER 6.59 ▼ 0.92% GOLD 4,498 ▲ 0.20% SILVER 74.74 ▼ 0.76% SOY 1,168 ▲ 0.24% CORN 440.00 ▼ 0.11% WHEAT 599.25 ▼ 0.62% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,112 ▲ 0.61% ETH 1,874 ▲ 0.90% SOL 75.09 ▲ 1.28% XRP 1.24 ▲ 2.76% BNB 643.29 ▼ 1.10% ADA 0.22 ▲ 2.23% DOGE 0.09 ▲ 1.68% AVAX 8.31 ▲ 1.74% LINK 8.54 ▲ 2.08% DOT 1.11 ▲ 3.27% LTC 48.22 ▲ 2.80% BCH 254.12 ▼ 5.52% TRX 0.33 ▲ 0.24% XLM 0.23 ▲ 4.37% HBAR 0.09 ▲ 1.45% NEAR 2.82 ▲ 7.52% ATOM 1.87 ▲ 2.91% AAVE 75.74 ▲ 3.05% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 53,078 ▲ 0.29% USD/ZAR 16.30 ▲ 0.34% USD/NGN 1,362 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,597 ▼ 1.70% NIFTY 23,307 ▼ 0.75% KOSPI 8,801 ▲ 0.15% JCI 5,889 ▼ 4.94% USD/JPY 159.94 ▲ 0.03% USD/CNY 6.7695 ▲ 0.12% DAX 24,964 ▼ 0.64% CAC 8,171 ▼ 0.46% FTSE 10,368 ▼ 0.05% MIB 50,333 ▼ 0.49% IBEX 18,346 ▲ 0.41% STOXX 624.12 ▼ 0.20% EUR/USD 1.1621 ▼ 0.12% GBP/USD 1.3452 ▼ 0.11% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 — 0.00% USD/CAD 1.3852 ▲ 0.12% US10Y 4.4550 ▼ 0.45% IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.02 ▲ 0.30% USD/MXN 17.30 ▲ 0.03% USD/CLP 887.50 ▼ 0.50% USD/COP 3,571 ▲ 0.16% USD/PEN 3.40 ▼ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.96 ▲ 0.36% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.83 ▼ 0.47% BRENT 97.62 ▲ 1.69% WTI 95.51 ▲ 1.87% IRON ORE 161.91 — — COPPER 6.59 ▼ 0.92% GOLD 4,498 ▲ 0.20% SILVER 74.74 ▼ 0.76% SOY 1,168 ▲ 0.24% CORN 440.00 ▼ 0.11% WHEAT 599.25 ▼ 0.62% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,112 ▲ 0.61% ETH 1,874 ▲ 0.90% SOL 75.09 ▲ 1.28% XRP 1.24 ▲ 2.76% BNB 643.29 ▼ 1.10% ADA 0.22 ▲ 2.23% DOGE 0.09 ▲ 1.68% AVAX 8.31 ▲ 1.74% LINK 8.54 ▲ 2.08% DOT 1.11 ▲ 3.27% LTC 48.22 ▲ 2.80% BCH 254.12 ▼ 5.52% TRX 0.33 ▲ 0.24% XLM 0.23 ▲ 4.37% HBAR 0.09 ▲ 1.45% NEAR 2.82 ▲ 7.52% ATOM 1.87 ▲ 2.91% AAVE 75.74 ▲ 3.05% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 53,078 ▲ 0.29% USD/ZAR 16.30 ▲ 0.34% USD/NGN 1,362 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,597 ▼ 1.70% NIFTY 23,307 ▼ 0.75% KOSPI 8,801 ▲ 0.15% JCI 5,889 ▼ 4.94% USD/JPY 159.94 ▲ 0.03% USD/CNY 6.7695 ▲ 0.12% DAX 24,964 ▼ 0.64% CAC 8,171 ▼ 0.46% FTSE 10,368 ▼ 0.05% MIB 50,333 ▼ 0.49% IBEX 18,346 ▲ 0.41% STOXX 624.12 ▼ 0.20% EUR/USD 1.1621 ▼ 0.12% GBP/USD 1.3452 ▼ 0.11% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 — 0.00% USD/CAD 1.3852 ▲ 0.12% US10Y 4.4550 ▼ 0.45%
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Wednesday, June 3, 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)

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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