Another B2Gold Mine in Nicaragua

After six years of exploration the company B2Gold has confirmed the operation of a new mine in Rancho Grande.

Monday, March 26, 2012

At the moment the El Pavón project is at the stage of consultations with local authorities and the population for the purpose of assessing environmental impact, explained Martin Espalza, a representative from B2Gold.

"Espalza gave did not give details on the amount of investment required for the whole process of research and construction for the El Pavon project, but noted that the impact on employment generation will be very significant, especially for the regions near the quarry," reported Prensalibre.com.

The material mined at El Pavon will not be processed on site, but will be moved to facilities at the El Limon mine, to avoid the use of cyanide necessary in these processes.

"He added that they are exploring three new mines and they could be added to those being exploited during the year."



More on this topic

Mining: Progress on $120 Million Project

October 2019

Inversiones Los Pinares, in charge of building an iron oxide mine in Tocoa, Honduras, plans to begin exporting to the U.S. market in late 2020 or early 2021.

Representatives of the company informed that currently the construction works of the plant are carried out where the iron oxide that will be extracted from the mine will be processed and also warehouses, administrative offices and other enclosures are built.

Nicaragua: Mining Companies Increase Investment

January 2015

The concessionaire B2Gold expects to invest $44 million this year in the La Libertad, Santo Domingo and El Limón mines, while HEMCO SA plans to spend $14 million on the operation of the Bonanza mine.

During the period 2013-2014 B2Gold extracted 197,808 ounces from El Limon and La Libertad mines, while HEMCO achieved a total production of 113,770 ounces.

Mining Exploration Expanded in Nicaragua

August 2014

The Canadian company B2Gold will be extending exploration activities in the La Libertad gold mine for seven years and operating six other projects in other parts of the country.

The process of conversion of the La Libertad gold mine, initiated by the Canadian B2Gold and which currently extracts between 140,000 and 150,000 troy ounces of gold a year, will continue for seven years, according to statements made by company representatives.

The Mining Sector in Nicaragua

August 2014

In the last six years capacity mining production in the country has tripled and it is expected to increase even more with the startup of two new projects.

According to Denis Lanzas Cisneros, vice president of the Chamber of Mines of Nicaragua, one of the main reasons behind the growth of the sector in recent years is the regulatory framework which established the Mining Act, which "...

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