Rising Interest in Panamanian Gold

Just in June there have been three requests for mining exploration in the region of Cañazas in the center west province of Veraguas.

Tuesday, August 24, 2010

The Mineral Resources department of Panama's Ministry for Trade and Industry (MICI) received two exploration requests from Canamanian Resources Inc. and another from Constructora Minas Canteras y Ambiente. The three requests cover an area of 15,564 hectares.

An article in Prensa.com reports that, "while these new requests compete to explore and then extract the highly sought-after material, MICI has already granted a concession to Silver Global S.A. to transport Cañazas gold. MICI Viceminister, Ricardo Quijano, comments that the concession, granted in July, represents a license to transport the mineral that in the past was extracted by the mining company Minas Santa Rosa, which closed down in 1999".

More on this topic

Guatemala: Marlin Gold Mine May Be Sold

August 2016

The sale of the mine is part of a marketing plan for some of the assets owned by the Canadian concessionaire Goldcorp.

In addition to the operations of the Marlin mine, Goldcorp has put on sale its gold and silver mine Los Filos in Mexico, and also is studying alternatives to offload the Alumbrera mine in Argentina.

Panama: Concession for Gold and Silver Mining

February 2014

The mining company Cerro Quema has received the concession for mining gold and silver in the region of Cerro Quema.

The Ministry of Trade and Industry has granted the company Minera Cerro Quema exclusive rights to extract gold and silver in the region of Cerro Quema.

"The measure supports a document belonging to this entity dated January 15 this year, which is signed by the national director, in charge of Mineral Resources Themistocles Velarde.

Panama: Veraguas Gold Mining Could Be Reactivated

October 2013

The approval of a draft contract-law in favor of Vera Gold Corp. would ensure an investment of more than $50 million in the former Santa Rosa mine.

This contract-law must first be approved by the Panamanian Congress. The lawyers explained that the aim of this type of concession by law is to protect the company.

More Companies Apply for Gold Exploration in Panama

June 2010

On December 2009, the Commerce Ministry (Mici) received six new applications for exploring gold.

Mici had received an additional four between June and November 2009.

“Four companies filed these 10 requests for authorization: Competrol Panamá S.A., Royal Mineral Exploration Corp., Panamerican Mines Corp. y Santa Rosa Mining Corp. Combined, they intend to explore 81.222 hectares”, reported Prensa.com.

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