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BTG - B2Gold News Story

$6.54 -0.2  -3.5%

Last Trade - 21/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £5.33bn
Enterprise Value £5.27bn
Revenue £1.13bn
Position in Universe 926th / 6387

Closure of B2Gold's Nicaragua gold mine has cost more than $1 mln

Tue 6th October, 2015 2:28am
MANAGUA, Oct 5 (Reuters) - An extended labor dispute at a 
Nicaraguan gold mine owned by Canada's B2Gold Corp  BTO.TO  has 
cost the company more than $1 million to date, the company said 
on Monday. 
    Operations at El Limon Mine, located about 89 miles (143 km) 
northwest of the capital Managua, have been closed for 10 days 
due to what the company calls an illegal blockade that has 
prevented workers and materials from arriving at the site, 
company spokeswoman Anne Perez said.  
    Vancouver-based B2Gold, in a statement, blamed "a small 
group of workers, community members, and other persons not 
affiliated with El Limon Mine" for the blockade, saying that the 
incident is tied to the earlier dismissal of three employees. 
    If the blockade is lifted and operations resume with "a 
timely resolution," the company said it expects to still meet 
its production target of 55,000 to 65,000 ounces of gold this 
year. 
    The company added that it continues to work with government 
officials and a couple of local unions to reach a solution.  
     
 
 (Reporting by Ivan Castro; Writing by David Alire Garcia; 
Editing by Leslie Adler) 
 ((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; 
Reuters Messaging: 
david.aliregarcia.thomsonreuters.com@reuters.net)) 
 
Keywords: NICARAGUA B2GOLD/
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