españolPositive Nicaragua Orosi Mine feasibility studyFriday, May 9, 2008 Central Sun Mining Inc. reported results of a feasibility study on the Orosi Mine located in Nicaragua, including economic forecasts and independently prepared Mineral Resource and Mineral Reserve estimates. The Company is currently converting the Orosi Mine from a heap leach operation to a conventional milling operation. The Feasibility Study was commissioned by Scott Wilson Roscoe Postle Associates Inc. and all figures are as at January 31, 2008; the date the models were run and calculated. Gold mines in Nicaragua sold for $53 million.Monday, February 2, 2009 B2Gold Corp. made the acquisition from Central Sun Mining, owner of the gold mines in Nicaragua, for $53.7 million. Central Sun Mining was the owner of the Limon and the Orosi mines, and had an option to acquire 100% of the Mestiza gold mine, also located in Nicaragua. Work on gold mine in Nicaragua halted after financing failsWednesday, October 22, 2008 Central Sun Mining has stopped work on its Orosi gold mine in Nicaragua after the fail of $22 million in financing. Central Sun, already operating the Limon gold mine in Nicaragua, had earlier entered into a non-binding term sheet with the bank for $22.5 million to complete the Orosi project, on which it has spent $31 million to date and which was expected to be competed next spring. Canadian Company to Buy Panamanian Gold MineMonday, January 4, 2010 Pershimco Resources Inc. will acquire interests of up to 85% in the Cerro Quema Gold Mining Project. Pershimco Resources Inc. announced the signing of a Letter of Intent for the acquisition of interests of up to 85% in the Cerro Quema gold mining project. The transaction will be concluded through the acquisition of shares of a Panamanian company, Minera Cerro Quema S.A. (“MCQ”), the whole, subject to the approval of the applicable regulatory authorities, a satisfactory due diligence review and the finalization of financing agreements. Pershimco is confident it will satisfy all conditions by February 15, 2010. |
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Thursday, April 26, 2018 - last update: 3:22 pm
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