The figure is 10% higher than the 100,000 ounces mined in 2011, and the company expects to reach the 130,000 mark in 2013.

In addition, B2Gold announced that next year it will invest $30 million in improving the machinery and equipment in the La Libertad and Santo Domingo mines.

Omar Vega, mine manager, reported that in 2012, the mine reported sales of $181.5 million, at an average price of $1.650 an ounce.

Source: elnuevodiario.com.ni

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 New Discovery in Gold Mine

September 2011

The mining company will initiate investigations to begin extracting the metal from the Jabali mine in La Libertad, Nicaragua.

The Canadian company announced the discovery of a new vein in the Jabali mine operating in La Libertad, Nicaragua.

B2Gold plans to begin work on the new vein at the end of the year and expects to extract, between 93,000 and 99,000 ounces of gold in a year.

Nicaraguan Gold Mine Production Increases

December 2010

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

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.

La Libertad Gold Mine Reopens in Nicaragua

May 2010

Canadian corporation B2Gold invested $54 million to reopen the gold mine located in the province of Chontales.

B2Gold plans to extract 90.000 gold ounces a year, generating exports for approximately $85 million.

Emilio Rappaccioli, Energy Minister, commented that the new mine will double the country’s mining production, making gold the second or third most important export product.