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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Bullboard Posts
Post by goldnevada1on Oct 05, 2015 2:18pm
77 Views
Post# 24164309

Blockade at B2gold's El Limon Nicarauga mine

Blockade at B2gold's El Limon Nicarauga mine

October 05, 2015 13:49 ET

B2Gold Corp.: El Limon Mine Update

 

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 5, 2015) - B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G) ("B2Gold" or the "Company") announces that operations at El Limon Mine in Nicaragua have halted as a result of an illegal blockade.

Since September 28, 2015 access to the operation of El Limon Mine and process facility have been blocked by a small group of workers, community members, and other persons not affiliated with El Limon Mine.

The illegal blockade commenced at the conclusion of a legal process instituted to dismiss three employees who were complicit in initiating prior illegal blockades. The dismissal was reviewed and sanctioned by the Ministry of Labour. The blockade has impeded access and increasingly threatened the safety of a significant majority of employees who want to continue working.

Several attempts to find a resolution have been made and are supported by the government, the Company and by two unions who represent the majority of workers at El Limon Mine. Attempts at peaceful solutions have not been successful so far and the operation, community and majority of workers are now exposed to the consequence of aggressive illegal action imposed by a small number of individuals. The Company continues to work with the government and the two unions, who want to return to work immediately, to affect a rapid resolution of this illegal blockade.


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