Petaquilla – News, Producing 6,000 Ounces of Gold per Month in Panama

Petaquilla was granted mining rights on 18 November 2009

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.

The company was granted mining rights on 18 November 2009 and will pay the state 4% of gross earnings over the 20 years it plans to operate.

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