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Petaquilla Minerals Ltd.

 
Hoover's Profile: Petaquilla Minerals Ltd.
(OTC:PTQMF) (Toronto:PTQ)
Contact Information
Petaquilla Minerals Ltd.
Suite 410 - 475 W. Georgia St.
Vancouver, British Columbia V6B 4M9, Canada
Tel. 604-694-0021
Toll Free 877-694-0021
Fax 604-694-0063

Type: Public
On the web: http://www.petaquilla.com
Employees: 800

There's more to Panama than just a canal -- there's also gold. Petaquilla Minerals mines the precious metal in the Petaquilla district of Panama. The company's primary operation is the Molejon gold deposit, which is scheduled to begin production by 2010. Estimated reserves at the Molejon property include about one million ounces of gold. In 2006, the company spun off its copper assets as Petaquilla Copper while still maintaining its status as the largest shareholder in that company. Two years later, Inmet Mining bought Petaquilla Copper for $320 million.

Key numbers for fiscal year ending January, 2009:
Sales: $0.0M
Net income: ($21.1)M

Officers:
Director: Precious Metals Mining & Processing

Competitors:
AngloGold Ashanti
Atna Resources
Barrick Gold

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