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Canada-based miner B2Gold to spend about $100 million this year in Nicaragua

Wednesday, March 7, 2012

Canadian gold explorer and miner B2Gold Corp plans to spend about $100 million in Nicaragua this year.

The funds are earmarked for further development of B2Gold's two mines in the Central American country.

The company, has two operating gold mines in Nicaragua: La Libertad, with about 90,000 ounces of production a year, and its 95 percent-owned Limon site, which produced about 40,000 ounces in 2010.

Source: Reuters