Gold mines in Nicaragua sold for $53 million.
B2Gold Corp. made the acquisition from Central Sun Mining, owner of the gold mines in Nicaragua, for $53.7 million.
Monday, February 2, 2009
Central Sun Mining was the owner of the Limon and the Orosi mines, and had an option to acquire 100% of the Mestiza gold mine, also located in Nicaragua.
Its owner, Canadian company B2Gold, estimates 2010 production in 120.000-130.000 gold ounces for its two mines in the country.
Calibre Mining Corp. executed an option to purchase 100% of a copper and gold mine from Yamana Gold Inc. in Nicaragua.
Central Sun Mining has stopped work on its Orosi gold mine in Nicaragua after the fail of $22 million in financing.
The Canadian mining company will invest $100 million in the country in 2012 to expand its two gold mines.
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