Nicaraguan Gold Mine Production Increases

"La Libertad" gold mine, owned by B2Gold Corp, could increase its production and operating life.

Tuesday, December 14, 2010

The company announced the results of exploratory drilling, which indicates the possibility of increasing current production, which stands at 80.000-90.000 ounces of gold annually.

The company had a budget of $ 4.6 million for exploration in 2010 and plans to keep it for 2011. reports that the company has begun drilling the Trebol project in northeastern Nicaragua.

More on this topic

Nicaragua: Gold Mine Doubles Profits

November 2011

The Canadian company B2Gold, which operates the Limon and La Libertad mining projects in Nicaragua, has announced higher revenues and production.

In the third quarter of 2011, the company’s gold mines produced a total of 34,303 ounces of gold and generated revenues of $50.5 million. This represents a 13% increase in production and a 26% increase in revenue, compared with the same period in 2010.

B2Gold Announces Investments in Nicaragua

November 2010

The company announced an investment of nearly $ 34 million to increase domestic production of gold.

The company´s president, Clive T. Johnson, said projections for 2011 are to achieve a production of 140.000 ounces of gold.

About $ 11 million will be invested at La Libertad mine to improve production and about $ 4.5 million in exploration work.

Nicaragua: Orosi Mine Commences Gold Production

January 2010

The Orosi Mine, owned by Canadian corporation B2Gold Corp., commenced gold and silver production.

According to a press release issued by the company, the first dore bar was produced on January 5th, 2010.

B2Gold expects to produce approximately 80,000 to 90,000 ounces of gold per year at an estimated average operating cash cost of approximately $465 per ounce with an initial seven year mine life.

Nicaragua: Orosi Gold Mine 95% Ready

November 2009

Its owner, Canadian company B2Gold, estimates 2010 production in 120.000-130.000 gold ounces for its two mines in the country.

In a press release, B2Gold announced that mining project Orosi is 95% ready, could begin operations in November, and has had a construction cost of $62 million.

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