Nicaragua: B2Gold Reports Increased Production and Earnings

The Canadian company, which owns the La Libertad and Limon mines, reported sales of $54.5 million in the second quarter, up 2% from the previous quarter.

Thursday, July 28, 2011

The increase occurred despite the Limon mine having to suspend underground operations due to excessive rains and floods, which killed a worker.

B2Gold produced 36,760 ounces of gold, 3,000 more than their own estimates for the quarter which traded at an average price of $1,513 per ounce, higher than in the previous quarter.

The increase in production has led the company to raise its forecast for 2011 from 135,000 ounces to a maximum of 145,000.

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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.

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.

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.

Petaquilla Mine to Sell $45 Million Worth of Gold Futures

September 2010

The mining project located in Panama has agreed the sale to Germany's Deustche Bank of 66,650 ounces of gold over the next five years.

Petaquilla has announced that its production commitments with Deustche Bank represent only 6% of the projects total resources.

Of the $45 million price, $2 million will be invested in working capital for the mine while an additional $40 million will go toward paying off pending bond debts.

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