españolPanamanian Exports to Canada SoarMonday, September 27, 2010 For the first time since records began, exports of goods to Canada in the first six months of the year managed a trade surplus. Panama's total exports to Canada were $37.4 million in the first half of the year while imports were $29.1 million. Petaquilla Gold SA, Panama’s Largest ExporterTuesday, February 14, 2012 A subsidiary of the Canadian mining company Petaquilla Minerals Ltd. Has received recognition as the largest exporter in Panama on behalf of the Panamanian Association of Exporters (APEX).
Panamanian Gold Mine Secures $40 millionFriday, March 27, 2009 The company Petaquilla Minerals Ltd, which operates the Molejón project, placed $40 million in private debt. According to a release by the company, part of this placement will be used for financial readjustments and the remainder will be used in the mining project operation and as working capital. Petaquilla Mine to Sell $45 Million Worth of Gold FuturesFriday, September 24, 2010 The mining project located in Panama has agreed the sale to Germany's Deustche Bank of 66,650 ounces of gold over the next five years. Petaquilla has announced that its production commitments with Deustche Bank represent only 6% of the projects total resources. Gold and Silver Exports Worth $100 millionThursday, May 10, 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. Molejón Gold Mine ResurrectedFriday, February 12, 2016 Diamante Minerals announced a gold stream agreement for the Molejon Gold Mine, located in the Donoso District, Colon Province of Panama. From a press release issued by Diamante Minerals: Petaquilla Increases Production in PanamaWednesday, December 15, 2010 The mining company announced that gold production at Molejón increased to 8.562 ounces in November. With this new figure, the company increased its annual production to 102.744 ounces of gold. Molejón Mine: 7.200 Ounces of Gold Per MonthFriday, May 13, 2011 Petaquilla Minerals, which owns the Molejón mine in Panama, has announced the expansion of its production system. The improvements include setting up a stacked lixiviation system and are expected to generate an increase in gold recovery of 7,200 ounces of gold per month. Panama Triples Gold ExportsMonday, March 29, 2010 Gold exports summed $16 million in 2009, three times more than in 2008, according to data from the Economy ministry. Zorel Morales, president of the Mining Chamber of Panama, explained that the main driver of this growth was the opening of Petaquilla Gold mine, located in Donoso, Colón. Petaquilla Enters Leasing Agreement for $ 9.1 MillionWednesday, October 13, 2010 The gold mine project Petaquilla, located in Panama, agreed a leasing structure with a national bank for the purchase of heavy machinery. According to a company press release, the agreement was made between the bank and Infrastructural Development Panama, SA (PDI), a company's infrastructure subsidiary. Panama Could Cancel Molejón Mining ConcessionThursday, July 23, 2015 Although the concessionaire Petaquilla Minerals says it is complying with the requirements of the government, the possibility of canceling the concession is being studied. The 180 day period which the Ministry of Trade and Industry (Mici) awarded in January to the conessionarie Petaquilla Minerals to resolve its financial problems has come to an end, and the government could revoke the concession granted in 1997. Petaquilla Minerals Negotiates $70 Million in CreditWednesday, April 14, 2010 The Canadian mining company, which owns the Molejón Gold Mine in Panama, today announced that it is negotiating a $70 million credit facility with a leading financial institution. It has signed an engagement letter pursuant to which it will work with a leading financial institution to execute a US$70 million gold linked facility under which the Company would be required to deliver 91,710 ounces of gold over a five year term. Petaquilla Goes for CopperThursday, September 17, 2009 Petaquilla Gold is looking to expand its Panamanian operations, this time to mine copper. Within a reorganization process at Petaquilla Gold, a subsidiary of Petaquilla Minerals Ltd., the company Azuero Mine was created. It will exploit gold and copper deposits in "El Chorcha" (Chiriquí), "Cerro Quema" (Los Santos) and "Santa Rosa" (Veraguas), where the mining potential is estimated at $80 billion. Petaquilla gold mine in Panama ready for operationMonday, December 8, 2008 Petaquilla Minerals Ltd, based in Vancouver, will begin to produce gold in the next few weeks at the Molejon project in Panama. The project will produce 100,000 ounces of gold in 2009 and will maintain that level for at least six years, Bassam Moubarak, company financial director, said to Reuters. Petaquilla Announces Increased Production in PanamaWednesday, October 27, 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. |
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