 Mining, the mainstay of the Honduran economy in the late 19th century, declined dramatically in importance in the 20th century.The New York and Honduras Rosario Mining Company (NYHRMC) produced $60 million worth of gold and silver between 1882 and 1954 before discontinuing most of its operations.Mining's contribution to the GDP steadily declined during the 1980s, to account for a 2 percent contribution in 1992.