Change in Ownership at Honduran Gold Mine

The Canadaian miner, Yamana Gold, announced a sale agreement with the Canadian Aura Minerals for the San Andrés gold mine.

Wednesday, June 10, 2009

The agreement for a total of $200 million includes the sale of two other mines in Brazil to Aura Minerals.

Patrick Downey, president and CEO of Aura Minerals, said: "With the acquisition of the San Andrés, San Francisco, and San Vicente gold mines, Aura Minerals will become an intermediate level gold producer. The acquisition of these gold mines that are in full production provides immediate cash flow and fits perfectly with our growth strategy for the Americas. We are going to take immediate possession of the San Andrés Gold Mine while the formal transfer of the assets in Brazil is pending the approval of the relevant authorities, which is expected in approximately six months."

More on this topic

Colombian Mining Company Buys Gold Mine in Nicaragua

March 2013

Mineros SA has bought 90% of the shares of the Bonanza mine from the company Hemco, for an amount that has not been disclosed.

From a press release from Hemco in Nicaragua:

Mineros, S.A, the Colombian private business group with over 38 years experience in the mining sector has decided to invest in Nicaragua acquiring a 90% stake in Hemco Nicaragua S.A in Bonanza, in the North Atlantic Autonomous Region (RAAN).

Golden Phoenix Buys 60% of the Santa Rosa Mine in Panama

September 2011

The acquisition agreement includes an option to acquire an additional 20% in the future.

The mining company Golden Phoenix Minerals Inc. has announced the signing of a definitive purchase agreement to acquire a 60% stake in the Santa Rosa Gold Mine, located in Panama from the Panamanian corporation Silver Global.

Canadians Buy Nicaraguan Copper and Gold Mine

May 2009

Calibre Mining Corp. executed an option to purchase 100% of a copper and gold mine from Yamana Gold Inc. in Nicaragua.

Calibre announced the purchase of 70,976 hectares located in the North Atlantic Autonomous Region of Nicaragua, an area that covers the historic Mining Triangle area, covering the municipalities of Siuna, Bonanza and Rosita.

Gold mines in Nicaragua sold for $53 million.

February 2009

B2Gold Corp. made the acquisition from Central Sun Mining, owner of the gold mines in Nicaragua, for $53.7 million.

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.

For the purchasing company, B2Gold Corp., from Canada, operation of the mine will allow it to add Nicaraguan gold production to its assets.

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