Honduras: Razor Resources Concludes Acquisition of Clavo Rico Gold Mine

The purchase includes other concessions close to the Clavo Rico mine, which is renowned for its high productivity.

Wednesday, March 31, 2010

Razor Resources Inc, a recently formed U.S company, announced it has acquired 99% of “Compañía Minera Cerros del Sur S.A.”, an Honduran company that owns 200 hectares of gold mining concessions in Honduras, in an all stock transaction.

From the purchased assets, the best known is the highly productive "Clavo Rico" Mine, which has been outputting gold since the 1500s. Clavo Rico’s production is very consistent and the mine has positive cash flows.

More on this topic

Nicaragua: $100 Million Invested in Gold Mines

July 2019

Canada's Calibre Mining bought from B2Gold Nicaragua, the El Limón and La Libertad gold mines, as well as the Pavon project and other concessions, in a transaction that totaled $100 million.

The El Limón and La Libertad mines have produced more than 1.4 million ounces of gold since 2010, and their combined production of gold in 2019 is projected to be between 150,000 and 160,000 ounces, the company said in a statement.

Positive Results from Gold Prospecting in Cerro Quema

June 2011

The Canadian mining company Pershimco Resources has announced positive results in the search for evidence of productive veins in order to expand the Gold-Copper Trend in Cerro Quema.

Their press release states:

Pershimco is pleased to announce assay results from the 2011 exploration campaign at the Company's Cerro Quema Gold-Copper Project (the "Project") in Panama.

Nicaragua: Mining Concessions Swap

February 2011

The Government approved the swap of gold mine concessions between B2Gold Corp and Condor Resources.

Under the agreement between the two companies the concessions known as "La India" and "Espinito San Pablo" will be unified under the name "La India Gold" and will be owned 80% by Condor and 20% by B2Gold Corp.

Canadian Company to Buy Panamanian Gold Mine

January 2010

Pershimco Resources Inc. will acquire interests of up to 85% in the Cerro Quema Gold Mining Project.

Pershimco Resources Inc. announced the signing of a Letter of Intent for the acquisition of interests of up to 85% in the Cerro Quema gold mining project. The transaction will be concluded through the acquisition of shares of a Panamanian company, Minera Cerro Quema S.A.

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