Petaquilla Announces Increased Production in Panama

The company announced that on October 13th it had record production of 226 ounces.

Wednesday, October 27, 2010

The company increased its average monthly production to 6,500 ounces of gold.

"Before August, the mine had a daily average production of 212 ounces of gold or 6,000 ounces per month." Says the article in

Current production costs range between $ 500 and $ 600 per ounce.

More on this topic

Gold and Silver Exports Worth $100 million

May 2012

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

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 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.

Panama: More Gold Found in Cerro Quema

September 2011

New results from the exploration process of the Cerro Quema gold mine have been unveiled.

The mining company Pershimco Resources has announced results of new exploration east of its current mining project "Cerro Quema."

The scan found 75 meters with 2.25 grams per tonne gold and 94 meters with 1.11 grams per tonne.

Gold Fever in Nicaragua

August 2011

The growth of the Nicaraguan economy is being led by the mining sector, with gold being the standard bearer.

The Canadian mining corporation B2Gold, owner of the concessions in Nicaragua for the Mines El Limón (Leon) and La Libertad (Chontales), has opened offices in the municipality of Santo Domingo, Chontales, an area for which they have an exploration concession "with good potential to become a new mine. "

Nicaragua: Condor Resources Defines 3 Gold Deposits

November 2010

The company said it has found 3 gold deposits in the concession known as "El Rodeo".

These areas are located on the gold vein called "Andrea" in the mining district of La India.

Condor Resources PLC announced that exploratory drilling found the highest gold grade discovered to date at the concession.

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