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 Elnuevodiario.com.ni 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.'"



More on this topic

A New Mining Company in El Salvador

September 2016

Companies in the sector point to the favorable geological conditions for this activity in the country and advocate that the suspension of concessions which has been in effect since 2009 be lifted.

Companies engaged in exploration and mining activities support their argument citing the new ways in which the activity now takes place, differentiating the artisanal mining techniques which were used in the past from those used in modern mining. 

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 Numbers in Panama

October 2014

Investment to be made in the local mining sector between 2009 and 2018 is estimated at $10 billion and it is projected that by 2019 the value of the export of metals will reach $2500 million a year.  

From a statement from the Mining Chamber of Panama:

Relevant data related to mining in Panama:

Mining Negotiations at Global PDCA Convention

January 2014

Representatives of companies in the sector and investors will meet from 2 to 5 March in Canada in order to take part in the business conference.

The Prospectors and Developers Association of Canada (PDCA) has organized since 1932 the Annual Mining Convention which is attended by companies involved in the industry of mining exploration and exploitation in various countries.

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