Panama Government Authorizes Molejon MineMolejon gold mine, owned by Petaquilla Minerals, received approval for its commercial production stage.Thursday, November 19, 2009 ![]() The mine is located in the District of Donoso, Province of Colón. Its production is estimated at 2.200 tonnes per day. Source: CNNMoney.Com Panamanian Gold Mine Secures $40 millionMarch 2009 The company Petaquilla Minerals Ltd, which operates the Molejón project, placed $40 million in private debt.
Panamanian Mine Gets an Additional $11.6 MillionMarch 2010 Petaquilla Minerals, a Canadian company, has placed $11.62 million, and will invest them in its 100% owned Molejon Gold Project, located in Panama. Petaquilla Produces 6,000 Ounces of Gold per Month in PanamaJuly 2010 Since operations began in January 2010, it has had sales of $36 million, paid production expenses of $21 million and sold each ounce for between $945 and $1,152. Petaquilla Minerals Negotiates $70 Million in CreditApril 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. |
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