Tag: #Nicaragua

Condor Gold increases La India resource to 2.3 million ounces

Condor Gold increases La India resource to 2.3 million ounces

Condor Gold (COG.TO, CNR.L) continues to advance its La India project in Nicaragua and the updated resource estimate which was published earlier this quarter has now boosted the total resources to 1.14 million ounces (at 3.6 g/t gold) in the indicated category and 1.18 million ounces (at 4.3  g/t) in […]

Calibre Mining and Centerra Gold have started the Siuna drill program

Calibre Mining and Centerra Gold have started the Siuna drill program

Calibre Mining (CXB.V) and Centerra Gold (CG.TO) are moving ahead with their joint venture on the Siuna gold project in Northeast Nicaragua, as the companies have started a 1,800 meter drill program (which very likely has been completed by now) to test the new high-priority drill target, whilst CXB and […]

Calibre Mining has initiated a 5,500 meter drill program in Nicaragua

Calibre Mining has initiated a 5,500 meter drill program in Nicaragua

Calibre  Mining (CXB.V) must feel pretty well, as the company is exploring no less than three different targets with three different joint venture partners that are throwing their own money at proving up resources. IAMgold (IAG) has notified Calibre Mining it has started a 5,500 meter drill program which will […]

Oro Verde attracts Newcrest as partner at Topacio

Oro Verde attracts Newcrest as partner at Topacio

Oro Verde (ASX:OVL) surprised friend and foe last year when it announced Newcrest (ASX:NCM) signed an earn-in agreement to earn a 75% stake in the Topacio gold project in Nicaragua. Newcrest can earn an initial stake of 51% by spending A$6.1M on exploration expenses at the property with an option […]

Calibre Mining continues to hit the sweet stuff

Calibre Mining continues to hit the sweet stuff

Calibre Mining (CXB.V) has released more drill results from its Eastern Borosi project in Nicaragua, where the company has a joint venture with IAMgold (IMG.TO, IAG). The company intercepted some very interesting high-grade but short intervals such as 1.4 meters of in excess of 3 ounces of gold per tonne […]

Condor’s 1.2Mtpa scenario for La India looks appealing

Condor’s 1.2Mtpa scenario for La India looks appealing

At the end of last year, Condor Gold (LON:CNR) has released an updated pre-feasibility study on its 0.8M tpa L a India gold project as wel as a first PEA on a 1.2 million tonnes per annum scenario whereby feeder pits would contribute ore to the processing facility. The pre-feasibility […]

B2Gold’s operating performance doesn’t disappoint

B2Gold’s operating performance doesn’t disappoint

B2Gold (BTO.TO, NYSE:BTG) has released its financial statemens for the third quarter of this year in November, and fortunately there weren’t any big surprises. The company produced just over 90,000 ounces of gold at a cash cost of $732/oz which was in line with expectations. What’s more important is the […]

B2Gold now owns 15% of Calibre Mining

B2Gold now owns 15% of Calibre Mining

B2Gold (BTO.TO, NYSEMKT:BTG) has announced it has exercised 10M warrants at C$0.05 in Calibre Mining (CXB.V). This means that B2Gold’s stake in the junior exploration company has increased to just over 15% (up from 10.6%), and that Calibre experienced a cash inflow of C$500,000. This indicates B2Gold is quite happy […]

B2Gold raises money by issuing convertible debt

B2Gold raises money by issuing convertible debt

B2Gold (BTO.TO; BTG) announced it raised $225M by issuing convertible notes. The bonds have a fixed coupon of 3.25% and mature on October 1st 2018. The holder of the notes can decide to demand repayment in shares at a fixed price of $3.93/share. B2Gold’s decision to tap into the convertible […]

B2Gold has restarted the production at Masbate

B2Gold has restarted the production at Masbate

B2Gold (BTO.TO, NYSEMKT:BTG) announced the production has resumed at their Masbate gold mine in the Philippines as of last Saturday. The company halted the production approximately three weeks ago after B2Gold discovered (minor) leaks in the process plant tailings line. According to the company, less than 100 cubic metres were […]