B2Gold Will Invest $7 Million in Nicaraguan MineWednesday, June 24, 2009 The company B2Gold Corp. could acquire up to 65% of the gold and copper mining project NEN. The gold and copper mining Project NEN, currently property of Canadian Calibre Mining Corp, is located on the North Atlantic side of Nicaragua, and covers 70,976 hectares. Nicaragua: Orosi Mine Commences Gold ProductionWednesday, January 6, 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. Nicaragua: Access to Mining Project BlockedWednesday, August 9, 2017 Artisanal miners from the municipality of Santa Rosa del Peñón are preventing the entry of machinery into La India mine, where Condor Gold is carrying out exploration activities. The Chamber of Ministers of Nicaragua (Caminic) issued a statement expressing concern about "the situation in La India mine, where some members of the community are preventing the right to work of the inhabitants who are collaborators of Condor Gold, a company that generates employment and carries out exploration work there." The Mining Sector in NicaraguaWednesday, August 6, 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 "... Nicaragua: Mining Concessions SwapTuesday, February 22, 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. $2.3 Million Gold Exploration in NicaraguaFriday, September 18, 2009 Calibre Mining and B2Gold Corp. will explore gold in the "Borosi" mining project. Calibre reported that a $2.3 million work program and budget has been approved by B2Gold Corp at Borosi project in the Bonanza-Rosita-Siuna areas of northeast Nicaragua. Ruling Favors El Salvador in Mining DisputeFriday, October 14, 2016 The International Centre for Settlement of Investment Disputes has ruled in favor of El Salvador in the dispute with the mining company OceanaGold, owner of the El Dorado gold mine. From a press release by OceanaGold Corporation: Nicaraguan Mine Begins Second Phase of ExplorationThursday, August 4, 2011 Calibre Mining Corp. and B2Gold and have begun the second phase of exploration of the Primavera gold and copper mine. In a press release, Calibre explained that this phase of exploration has an available budget $441,000, and that they will focus on three areas that show a potential of up to 1.48 grams of gold per ton. La Libertad Mine Produces 10% More GoldFriday, December 14, 2012 The Canadian B2Gold announced its mine La Libertad, Nicaragua, extracted 110,000 ounces of gold in 2012. 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. Nicaragua: $23 million in Mining InvestmentFriday, August 21, 2015 In the remainder of the year B2Gold plans to invest $23 million in mining work, expansion of tailings dam and other works in the La Libertad gold mine in Chontales. In addition, the concessionaire plans to invest $5 million in exploration in areas close to the mine and within the concession area. Representatives from the B2Gold predict closing 2015 with a total production of between 135,000 and 145,000 ounces of gold from the La Libertad and Santo Domingo mines. International Litigation Over Mine in Costa RicaMonday, February 10, 2014 Infinito Gold is suing for $94 million lost due to violations of the agreement for the promotion and protection of investments between Costa Rica and Canada. Industrias Infinito confirmed that its parent company, Infinito Gold, has filed a law suit against Costa Rica at the International Centre for Settlement of Investment Disputes (ICSID) seeking compensation as a result of their investments in the canceled mining project of Crucitas. Ascot Mining intersects Cajeta vein in Costa RicaMonday, November 10, 2008 Veritas Gold, a subsidiary of Ascot Mining, claims to have discovered high grade gold. A 150m main access tunnel was driven to successfully intersect the targeted Cajeta vein and a one-tonne bulk sample was obtained, which was crushed and processed to determine the gold content. Assaying returned grades of 41.2 grams per tonne. Nicaragua: B2Gold Gold Production SoarsFriday, April 1, 2011 The two gold mines owned by B2Gold Corp in Nicaragua generated $ 47 million in the fourth quarter of 2010. During the period, La Libertad mine produced 24.865 ounces and the Limon Mine 9.174, generating sales of $ 34.4 million and $ 12.6 million, respectively, for a total of 34.039 ounces and $ 47 million in revenues. Panama: Irregularities in Molejón Mine DenouncedTuesday, June 24, 2014 Workers at the Petaquilla Minerals Mine reported cessation of production and shareholders are demanding further explanation of the reduction of 98% of production in the first quarter of the year. The decline in production at Molejón gold mine, in the district of Donoso, Colon, is concerning the shareholders of the Canadian company Petaquilla Minerals, who believe that some decisions made by the directors of the company have not been adequate and are proposing alternatives such as capitalizing the company, among other things. Costa Rica: Crucitas Gold Mine Hits another BarrierMonday, April 19, 2010 A Contentious-Administrative Tribunal issued a ruling temporarily preventing the mine from operating. The ruling is in response to a complaint filed by the Flora and Fauna Preservation Association, who seeks to permanently shut down the gold mine. |
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