Nicaragua: Orosi Gold Mine 95% Ready

Its owner, Canadian company B2Gold, estimates 2010 production in 120.000-130.000 gold ounces for its two mines in the country.

Thursday, November 5, 2009

In a press release, B2Gold announced that mining project Orosi is 95% ready, could begin operations in November, and has had a construction cost of $62 million.

B2Gold expects to output 120.000-130.000 gold ounces in 2010, out of which 80.000-90.000 will come from Orosi, and the remaining from mining project Limón.

More on this topic

B2Gold Bets on Gold in Nicaragua

March 2012

The Canadian mining company will invest $100 million in the country in 2012 to expand its two gold mines.

B2Gold is the largest mining operation in Nicaragua, and owns La Libertad mine and 95% of the Limon mine, respectively producing about 90,000 and 40,000 ounces of gold annually. Together, the two mines are expected to generate $140 million in cash this year, 40% more than in 2011.

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.

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.

Nicaragua: Orosi Mine Commences Gold Production

January 2010

The Orosi Mine, owned by Canadian corporation B2Gold Corp., commenced gold and silver production.

According to a press release issued by the company, the first dore bar was produced on January 5th, 2010.

B2Gold expects to produce approximately 80,000 to 90,000 ounces of gold per year at an estimated average operating cash cost of approximately $465 per ounce with an initial seven year mine life.

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