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Vancouver, BC - January 27, 2012: Petaquilla Minerals Ltd. (the “Company”) today announced that Mr. Pedro Pablo Permuy has been appointed to the Company’s Board of Directors. Mr. Permuy is a director of Company subsidiary, Panamanian Development and Infrastructure Ltd. and a former director of Iberian Resources Corp., which was acquired by the Company in September 2011.
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Vancouver, BC - January 18, 2012: Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") announces for its second quarter of fiscal 2012 a net income of US$8.9 million, representing an improvement of US$32.2 million compared to the same period of fiscal 2011. This improvement was mainly due to an increase of 19% in gold poured combined with higher gold prices and a reduction of 14% in cash cost per ounce sold.
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Vancouver, BC - December 28, 2011: Petaquilla Minerals Ltd. (the "Company") is pleased to announce that the President of the Republic of Panama, Ricardo Martinelli, recently inaugurated the electrical transmission line constructed by the Company's infrastructure subsidiary, Panama Desarrollo de Infraestructuras, S.A. ("PDI Panama")…
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Vancouver, BC - December 20, 2011: Petaquilla Minerals Ltd. (the "Company") announces that gold poured during its second quarter of fiscal 2012 increased to a total of 18,100 ounces. Gold sold during the quarter totaled 15,959 ounces generating revenues of US$25.4 million with cash cost per ounce of gold sold continuing to be in the range of US$550 - US$600.
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Vancouver, BC - December 5, 2011: Petaquilla Minerals Ltd. (the "Company" or "Petaquilla") is pleased to announce that it has engaged the law firm of Blake, Cassels & Graydon LLP to assist the Company with the proposed spinout of its subsidiary, Panamanian Development and Infrastructure Ltd. ("PDI").
Welcome to Petaquilla
Petaquilla Minerals is an established gold mining company that operates a producing gold mine in Panama. The 100 percent owned Molejon gold mine reached commercial production in January 2010 and currently operates at the rate of approximately 3,000 tonnes per day with plans to increase production to 5,000 tonnes per day.
In August 2011 we announced the acquisition of Iberian Resources Corp. which brought to us developments stage projects in Spain with historical resources of 2.1M ounces of gold, 46M oz of silver and significant copper and zinc content.
Our other projects include Panamanian Development of Infrastructures subsidiary that is in the process of being span-out to the shareholders.
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