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10/29/11

B2Gold (BTO.to): My kind of gold mining company

It's been raining hard in Nicaragua recently, with severe flooding that's affected hundreds of thousands of people. So when I read this note today, I remembered just why B2Gold (BTO.to) is the type of mining company I like to be involved with (as though not currently long the stock, I've been a happy shareholder on several occasions).

Executives of the Canadian mining company B2Gold handed over a donation of $750,000 in cash in answer to the call for aid made by President Daniel Ortega due to the emergency caused by the intense rains in the last few weeks.

Dale Craig, country manager of B2Gold Nicaragua, handed over the money to Guillermo González, Executive Secretary of the National System for the Prevention, Mitigation and Disaster Attention (Sinapred) and explained that this help is destined to alleviate the near-term needs of the affected population.

"We respond to this call with our best wishes that this donation can contribute to the government's efforts through Sinapred, to respond immediately and effectively to the population faced with the intense rainfalls that still persist in various zones in Nicaragua", said Craig.

B2Gold is a producing gold miner with its HQ in Vancouver. As well as the La Libertad mines located in the municipality of the same name in the department of Chontales and the El Limón mine in Malpaisillo, it has other exploration activities in other zones of Nicaragua as well as in Colombia, Costa Rica and Uruguay.


Check out the original note here, including nice photo of the cheque handover. And a big round of applause to BTO.to, doing the right thing.