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

Published 2015-10-05, 09:28 p/m
© Reuters. Closure of B2Gold's Nicaragua gold mine has cost more than $1 mln
BTG
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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.

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