Petaquilla Increases Production in Panama

The mining company announced that gold production at Molejón increased to 8.562 ounces in November.

Wednesday, December 15, 2010

With this new figure, the company increased its annual production to 102.744 ounces of gold.

"The mining company also said the level of efficiency in its production plant is at 95.2%, a range it expects to continue to increase," journalist Rafael Berrocal reported in his article at Prensa.com.

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 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.

Guatemala: Marlin Mine Production to Increase 35%

February 2011

Goldcorp plans to increase production from 296.100 ounces of gold in 2010 to 400.000 in 2011.

If the goal is met, it would be the second highest percentage growth.

Sigloxxi.com reports in their article, "the company, owner of Montana Exploradora, which operates Marlin, estimates it will produce in 2011 between 2.65 million and 2.75 million ounces of gold in all of their mines, in which the Guatemalan operation would contributes less than half a million ounces, the second in volume for the multinational."

Petaquilla Announces Increased Production in Panama

October 2010

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

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 Prensa.com.

Panama: Green Light for Petaquilla Gold

January 2010

The Industry Ministry and the National Environment Authority authorized the commercial operation of the mining operation.

Roberto Henríquez, Commerce Ministry, remarked that after several negotiations, they managed to achieve more benefits for the Panamanian state.

"The company promised to pay 4% of its gross income to the State as royalties, once they start commercializing the precious metal.

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