50% of Gold Mine Sold in Guatemala

Argonaut Gold sold its 50% share of Mina El Sastre for $ 1.3 million to local partners.

Wednesday, October 13, 2010


©image: argonautgoldinc.com

In a news release the company announced the sale was due the fact the company does not consider this mine as one of its core assets.

The mining project is located about 40 kilometers from Guatemala City and covers an area of 3,135 hectares.

More on this topic

Argonaut Could Buy Castle Gold

November 2009

Castle Gold is the majority owner of "El Sastre" gold mine in Guatemala.

Argonaut cold is a closed capital company, whereas Castle Gold trades in Canada's TSX, and also operates two gold mines in Mexico.

According to the press release, Argonaut closed a private placement for $143 million to fund the purchase.

Honduras: Razor Resources Concludes Acquisition of Clavo Rico Gold Mine

March 2010

The purchase includes other concessions close to the Clavo Rico mine, which is renowned for its high productivity.

Razor Resources Inc, a recently formed U.S company, announced it has acquired 99% of “Compañía Minera Cerros del Sur S.A.”, an Honduran company that owns 200 hectares of gold mining concessions in Honduras, in an all stock transaction.

Nicaragua: Mining Concessions Swap

February 2011

The Government approved the swap of gold mine concessions between B2Gold Corp and Condor Resources.

Under the agreement between the two companies the concessions known as "La India" and "Espinito San Pablo" will be unified under the name "La India Gold" and will be owned 80% by Condor and 20% by B2Gold Corp.

Mina Crucitas Compensation: $1.7 Billion

July 2010

The Costa Rican government predicts possible damages payable to Industrias Infinito if the gold mining contract is cancelled.

Costa Rica’s courts have indicated to the president that she has the legal authority to cancel the Mina Crucitas mining contract, provided the government assumes responsibility for the case by providing compensation.

 close (x)

Receive more news about Mining & Geology

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Distributors Wanted for UPS Equipment

The U.S. company Para Systems is seeking distributors for its Minuteman UPS line.
Para Systems Inc. is a leading provider of power...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 18)
Brent Crude Oil
106.67
Coffee "C"
180.05
Gold
1,592
Silver
28.655