Mining Exploration Expanded in Nicaragua

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.

Monday, August 18, 2014

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.

Moreover, "...The company ... has six exploration projects in the center and northwest of the country. These projects are specifically located in the municipalities of Bonanza, Rosita and Bilwi, in the Autonomous Northern Caribbean Region (RACN by its initials in Spanish). "

Omar Vega, CEO of B2Gold told that "... mining in Nicaragua has great potential ... 'exploration projects are the initial step in mining. In order to have a mine, starting from exploration, it takes at least five years or more, and a lot of investment ... In exploration, the level of risks is very high. If there are 10 projects, perhaps one will become a mine.'"

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From a statement from the Mining Chamber of Panama:

Relevant data related to mining in Panama:

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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