Gold and Silver Exports Worth $100 million

Petaquilla Gold plans to increase its extraction of gold this year at its mines in Panama from 6,000 to 8,000 ounces.

Thursday, May 10, 2012

The president of the multinational mining company Petaquilla Gold, Rodrigo Esquivel, presented these forecasts for the year 2012.

At the same time, Esquivel delivered a total of $2,032,746.42 in two separate checks in royalties to the State of Panama and other commitments for the concession for the last two quarters of 2011, reported Laestrella.com.pa. One of the checks, $863,917.23 was made out to National Treasury of Panama, and another in the amount of $152,455.98 corresponded to the township of Donoso, located in the homónimo district.

The Minister of Commerce and Industry in Panama, Ricardo Quijano said that in two years of commercial production about $3.5 million has been paid in royalties from the mining project.

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Figures of the information system on the Gold Market in Crude, Semi Wrought or Powder form in Central America, compiled by CentralAmericaData's Business Intelligence Unit: [GRAFICA caption = "Click to interact with the graph"]

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