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B2Gold, Calibre team up on Nicaraguan gold mines
South American projects Vancouver-based miner B2Gold has an-nounced it entered into an agreement with Calibre Mining concerning a number of Nicaraguan gold investments.
Under the deal, B2Gold will restructure its interests in the gold mines, and Calibre will acquire “the producing El Limon and La Libertad Gold Mines …, the Pavon Gold Project and additional mineral concessions in Nicara-gua … held by B2Gold for aggregate consideration of US$100 million,” B2Gold said in a statement.
The El Limon and La Libertad Mines have produced more than 1.4 million oz of gold since 2010, according to the statement.
Clive Johnson, the president and chief executive of B2Gold, was quoted as saying that the company is “pleased to become a large shareholder of Calibre and through our roles on their Advisory Board and Board of Di-rectors, we look forward to assisting Calibre’s experienced executive team and the combined B2Gold/Calibre management team in Nicaragua.