Nicaragua: Gold Mine Doubles ProfitsFriday, November 11, 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. Nicaragua: B2Gold Reports Increased Production and EarningsThursday, July 28, 2011 The Canadian company, which owns the La Libertad and Limon mines, reported sales of $54.5 million in the second quarter, up 2% from the previous quarter. The increase occurred despite the Limon mine having to suspend underground operations due to excessive rains and floods, which killed a worker. Nicaragua Expects to Export $140 Million of GoldTuesday, March 23, 2010 The country’s mining industry expects to double its gold exports in 2010, its main destinations being the United States and Canada. The Central Bank of Nicaragua revealed that in 2009 the country sold 88.000 troy ounces, netting $81 million. More Investments in Mining in NicaraguaMonday, September 19, 2011 Three companies from the U.S. and Canada have acquired concessions rights for exploratory mining, with investments of about $5 million. The new concessions add to those already existing in the country, in which a total of $12.7 million have been invested between January and May 2011, according to the Ministry of Energy and Mines (MEM). Gold Production Up 10% in NicaraguaThursday, December 19, 2013 Nicaraguan mining companies forecast more growth for 2014 in line with the investments made by the sector. According to statistics from the Center for Exports (CETREX) up to November this year sales of raw gold rose by 10.4% going from 12,001 kg in 2012 to 13,251 in 2013. An increase in value of 2.9 % with revenues of $395.1 million was recorded, while in the same period of 2012 it was $389.9 million . Nicaraguan Gold Amid Falling PricesTuesday, April 30, 2013 While the outlook is expected to improve at the international level, the mining industry in Nicaragua has announced that it is prepared to withstand the collapse of gold prices. According to Pablo Venturo, B2Gold mining manager, the investments of about $400 million which have been implemented over the past four years has allowed them to be ready today for the collapse of gold prices in the international market. Outlook for Gold in NicaraguaWednesday, May 22, 2013 Falling gold prices in the international market are worrying the mining sector, but are not a reason to stop investing in the country. In an interview in Laprensa.com.ni by Lucia Navas with Pablo Venturo, B2Gold's country manager, the official explains how the company's operations are in Nicaragua and their expectations for the future. Gold Price Falls by 9.3%Tuesday, April 16, 2013 Due to the slow progress of the Chinese economy and the possible sale of reserves by Cyprus, the price of gold closed at $1,361.1, its lowest level since 2011. "At the end of the first session of the week, at the Mercantile Exchange in New York, the most traded contracts for gold, due in June, lost $140.3 an ounce (a drop not seen in three decades) to end up at their lowest level since February 2011," noted an article in Laprensa.com.ni. In 2010, Guatemala Exported $528 million in Gold and SilverThursday, September 1, 2011 Mining in Guatemala pays 1% in royalties. In Colombia, the royalties are 4% and in Chile's mining industry pays the state 14% of gross sales. In the past five years, exports of silver and gold have increased from $14.6 million in 2005 to $528 million in 2010. |
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