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Petaquilla Minerals Ltd. (PTQMF)

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Last Post: 1/31/2015 9:38:41 AM - Followers: 94 - Board type: Free - Posts Today: 0

BNN Interview with Petaquilla Minerals CEO Joao Manuel
 (16 OCT 2012)

BNN Interview with Inmet CEO Jochen Tilk (02 NOV 2012)
First Quantum concerence call (07 May 2013)  Check minute 29 of Q&A

As of August 2013
Issued and Outstanding 222,230,161 Corporate Website  
Options 10,385,115 PTQ on Mining Almanac
Warrants1 32,157,600 Corporate Presentation
Finder 3,137,496 NEWS!!!
FULLY DILUTED 268,010,372  
1a small amount is convertible for 1.3 shares per warrant

*This page is maintained by independent investors and is in no way officially affiliated with Petaquilla Minerals.  
Petaquilla Minerals is not responsible for the information contained herein. Information provided by the independent investors  could contain errors.



Photos of the sites are courtesy of:
- The publisher of a great German investment newsletter.  He visited all 3 sites
- DigiTech Strategy that visited Panama and Spain
- Petaquilla, from their public corporate presentations

Data and some of the photos are from Petaquilla corporate presentations and Sedar fillings

Comments are IMHO and could be wrong

Do your own DD


Historical O/S and Market Cap
Issued Fully Diluted Date BoD Control
of Shares
- - 20071 - $305M
- - 20081 - $35M
120,040,121 162,287,819 2009.12.14 3.7% $80.1M
125,281,951 168,394,447 2010.08.10 11% $51.9M
137,901,951 168,455,160 2010.12.10 12% $157.9M
175,823,251 234,533,916 2011.02.25 12% $205.7M
176,429,501 233,610,366 2011.07.18 12% $127.0M
221,114,726 283,114,152 2011.09.22 12% $158.1M
221,164,726 275,258,295 2011.10.20 12% $143.8M
221,519,593 273,822,716 2012.05.18 12% $75.3M
221,863,781 271,613,114 2012.09.14 12% $149.8M
1 Historic market cap information found at

Regulatory Filings:

SEDAR (Canada)  |    EDGAR (USA)

Transfer Agent (TA): Computershare - (800) 564-6253 

Quarterly Structure

Quarter Months Report Date
Q1 June - August OCT 15
Q2 September - November JAN 15
Q3 December - February APR 15
Q4 March - May AUG 31
Annual1 All Quarters Combined AUG 31
1 Indicates audited financial statement


Petaquilla Minerals Ltd is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and selected acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama - a region known historically for gold content. The Company received its operating permit from the Government of Panama on November 18th, 2009, authorizing the Company to proceed to commercial production of its 100% owned Molejon deposit. The Company achieved commercial production on January 8th, 2010, after having run its operations at an average of 70% of its normal capacity for a consecutive period of 30 days.

Petaquilla is developing a large project in Spain  and in Portugal (to be updated)

Petaquilla Minerals Ltd. ("PTQ") intends to distribute to its shareholders one share of Panama Development and Infrastructure Ltd. ("PDI") for each four shares of PTQ held on the record date for the distribution.   Distribution of PDI will be effected by way of a Plan of Arrangement or some other tax-efficient mechanism. Transaction is subject to all requisite shareholder and regulatory approvals.   Petaquilla Minerals expects to announce the record date for PDI spin-out by the end of the year.

Projects Location


Production Growth

Resource profile



                                                                      Spain resource

Historic Au Production and EPS
Quarter Mined (ozs) Poured (Eq-ozs) Sold (Eq-ozs) Realized Price (USD/oz) Cost (USD/oz) EPS
Q1 2011 17,963 10,738 12,390 $1,206 $729 (0.05)
Q2 2011 24,330 15,268 13,320 $1,328 $640 (0.06)
Q3 2011 18,566 12,825 14,064 $1,377 $627 0.01
Q4 2011 25,302 16,735 14,843 $1,472 $525 0.03
FY 2011 86,161 55,566 54,617 $1,348 $625 (0.03)
Q1 2012 33,203 18,014 17,987 $1,508 $554 0.03
Q2 2012 37,056 18,100 16,297 $1,592 $557 0.03
Q3 2012 36,304 14,163 13,040 $1,520 $633 0.02
Q4 2012 31,590 17,725 15,546 $1,617 $612 0.02
FY 2012 138,153 68,002 62,870 $1,640 $574 0.10
Q1 2013 36,713 17,882 17,597 $1,595 $524 0.02
Q2 2013 25,865 20,025 17,905 $1,724 $444 0.01
Q3 2013 22,367 18,013 14,598 $1,647 $637 0.07
Q4 2013            
FY 2013            
NOTE: Values in italics are estimates based on company forecasts or analyst research. 

Molejon Resource estimates

Based on the pre-feasibility level design work completed and reviewed, the authors believe there are approximately 15.3 Mt of gold and silver reserves that can be produced averaging 1.30 g/t gold and 2.05 g/t silver and recovering approximately 586,000 ounces of gold and 711,792 ounces of silver. In addition, the pit contains 36.8 Mt of aggregate reserves which should yield approximately 29.4 Mt of saleable aggregate products after crushing and screening.  Behre Dolbear believes that the mine will be able to produce the projected 643,000 ounces of gold and 1,008,693 ounces of silver






Corporate Organisation



Latest Financial Performance




Forward Gold Purchase Agreement

On September 22, 2010, the Company entered into a Forward Gold Purchase Agreement ("the Agreement") with Deutsche Bank, AG ("Deutsche Bank"), in an amount of $45,000,000. Under the terms of the Agreement, the Company has sold to Duetsche Bank, a Contract Quantity of Gold being 66,650 ounces.

In addition, should the gold price be in excess of $875 per ounce, the Company will receive from Deutsche Bank, an additional gold payment amount equal to the product of the monthly quantity of gold delivered in that month and the amount by which the gold price exceeds $875 per ounce, limited to $415 per ounce.



Mining Investor's Toolbox:

Mining Valuation for Beginners

In Situ Valuation Calculator

In situ valuation (quick and dirty, doesn't take into account a number of important factors):

  • Buy below 10% of in situ mineral value: (Mineral value * 0.10) / shares outstanding
  • Sell above 40% of in situ mineral value: (Mineral value * 0.40) / shares outstanding

Basic Valuation:  EPS * 10 = Target Price  ... EPS = (revenue - costs) / shares outstanding

Advanced Valuation: DVM's valuation ratio = [stock price x (basic shares outstanding + in the money derivatives assuming exercise + newly issued shares from financing) - working capital - cash from in the money derivatives assuming exercise - cash from newly issued financings + major capital cost items if applicable] / gross profit

Target price = cash flow multiple / DVM's valuation ratio x stock price




Panama Project

The project area is located in the District of Donoso, Province of Colon, approximately 100 kilometers west of the Panama Canal on the Caribbean Coast. Petaquilla Minerals' land holdings are situated in the perfect position to ship concentrate at low cost to Europe, Asia, and North America. 

The combined project area comprises 795 sq km on tide line. The plant site and open pit is serviced by a new road built to a 70-tonne specification.

Project tenure is secured by 'Ley Petaquilla', a project specific mining law that gives the two companies secure ownership, in three renewable phases, for a total of sixty years. 


                                                         Petaquilla Projects                                                                                       First Quantum Project

Molejon Aerial view


Molejon Mine Mill Layout



                                                                                                             PDI office at the Molejon mine entrance                                            Heap Leach Pads on the left.  Molejon mine pit in the background


Heap Leach Pads  The large one is being loaded                                                                     Loading of the main Heap Leach pad


The heap leach Process


                                                                    Loading of the main Heap Leach pad                                                                                                             Molejon Mine Tailings




                                                       PDI crushers for aggregate                                                                                                                                     The 4 ball mills


FQ By-pass road contruction
The road will go to the FQ mine and to the new Caribbean port 30km away

FQ by-pass road construction behind Molejon mine


Petaquilla Spain Project


                                                                                                                     Petaquilla mines and  neigbours                                                                                                              Spain Pyrite belt




                                                                                                                                          Lomero Poyatos head shaft                                 San Telmo open pit mine (to be drained)


Lomero Poyatos property  (on the left is San Telmo)



Lomero Poyatos underground view  


Phase 2 of the drilling campain. 
16,000 meters using 5 drilling rigs 24/7


Petaquilla Portugal Project


Almada Mining SA in Portugal.

Almada Mining SA is located in Portugal and is 100% owned by Petaquilla Mineral.

The Bania mine is on 5.12 km2 land and the total exploration rights area of the Banias project is 117km2.

This area was mined during the Roman empire. No resource estimate has been done but samples from the mine yielded as much as 523gr of gold per ton. Of course the average will be a lot lower than that (around 5 to 10 g/t) but most of it is "free" gold so no need for a mill. A bunch of shaking tables will do it.

18 holes over 5,000 meters are being drilled to get a resource estimate.

The mine is approved for a trial period of 150,000 tons a year for 3 years. Yes, get you calculator and use 10gr per ton just for fun.

Capex is about $5M and the mine could be in production 9 to 12 months from now. One nice thing is that there is no need to dewater the mine.

The company has another project in Portugal it is the Jales project 120km away. I do not have a lot of data about that one. Bania is the one to concentrate on right now.

Here are a few pictures of the mine



Almada Mine entrance                                                          Almada mine location


Samples showing "free" gold


Storage of cores from drilling


Visible gold inside the mine


DISCLAIMER:  Opinions expressed on this board are only people's opinions. Neither I, nor any moderator or assistant of this board, is a licensed broker. Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. DO YOUR OWN DUE DILIGENCE before buying or selling ANY SECURITY.

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Current Price
Bid Ask Day's Range
PTQMF News: Report of Foreign Issuer (6-k) 12/18/2014 06:01:20 AM
PTQMF News: TSX Delisting Review - Petaquilla Minerals Ltd. (Symbol: PTQ) 11/27/2014 08:30:00 AM
PTQMF News: Report of Foreign Issuer (6-k) 11/26/2014 03:19:34 PM
PTQMF News: Report of Foreign Issuer (6-k) 10/21/2014 09:04:02 AM
PTQMF News: Report of Foreign Issuer (6-k) 10/08/2014 09:07:13 AM
#26333   If there was anything 'positive' at all you ratherbefishin 01/31/15 09:38:40 AM
#26332   Any updates you can share? Thanks in advance. eom7 01/30/15 02:56:58 PM
#26331   So the money is secured....but what about meeting badge792 01/26/15 04:44:37 AM
#26330   Unfortunately there's probably not a lot to be ratherbefishin 01/24/15 10:05:04 PM
#26329   I suspect Fifer could be liable for a jalbiglog1 01/24/15 05:45:58 PM
#26328   Fifer legally liable? ratherbefishin 01/24/15 03:36:18 PM
#26327   'Go Fifer ,go' seems to be a pretty ratherbefishin 01/24/15 08:56:52 AM
#26326   There was long time ago the slogan of Snirre 01/23/15 05:40:21 PM
#26325   Any deal that includes MrFifer is NO DEAL.'Once ratherbefishin 01/23/15 10:55:15 AM
#26324   You 3 resident posters better have made your acanuck 01/23/15 04:01:40 AM
#26323   Well, the most enlightening part of your 2c jalbiglog1 01/22/15 09:03:12 PM
#26322   WHAT ,precisely ,has Ffer ever done other ratherbefishin 01/22/15 04:55:40 PM
#26321   I will add my 2c or should I DigiTech 01/22/15 03:31:02 PM
#26320   Sounds like the Panama government isn't as naive ratherbefishin 01/22/15 12:44:23 PM
#26319   Marlene Testa badge792 01/22/15 11:09:28 AM
#26318   Correct me if I'm wrong but it ratherbefishin 01/22/15 10:53:25 AM
#26317   And what about a new BOD? Will they likethesun 01/22/15 10:16:38 AM
#26316   You and I, amongst others have been bitten badge792 01/22/15 10:06:41 AM
#26315   One step at a time is the only jalbiglog1 01/22/15 09:53:01 AM
#26314   Yup,let's take one step at a time and ratherbefishin 01/22/15 08:46:44 AM
#26313   Well, I will tell you, it will be badge792 01/22/15 08:05:27 AM
#26312   Up 100% in two days. That's OK I acanuck 01/22/15 03:42:58 AM
#26311   'If the POG keeps moving higher'is a pretty ratherbefishin 01/21/15 07:25:03 PM
#26310   That's why I say if the POG keeps jalbiglog1 01/21/15 05:24:22 PM
#26309   Management is one crucial factor,the other is if ratherbefishin 01/21/15 04:49:03 PM
#26308   So, the financing agreement would have his stepping down? jalbiglog1 01/21/15 03:14:00 PM
#26307   Hi Badge. I don’t know if Mjk VBgood 01/21/15 02:52:26 PM
#26306   Good post. eom7 01/21/15 01:49:24 PM
#26305   Yes. I understand that any agreement involved Fifer Progafa 01/21/15 01:24:45 PM
#26304   The biggest step or action to be taken jalbiglog1 01/21/15 01:23:06 PM
#26303   That is precisely the idea. But again, there Progafa 01/21/15 01:12:58 PM
#26302   I think if they pay off all their jalbiglog1 01/21/15 01:08:37 PM
#26301   I almost had a seizure last night when Progafa 01/21/15 12:49:46 PM
#26300   Welcome back VB...where is your dear friend? badge792 01/21/15 12:47:13 PM
#26299   MTI launches ultimatum to Petaquilla Gold VBgood 01/21/15 12:32:34 PM
#26298   I agree, PTQ is nice little gamble VBgood 01/21/15 12:22:16 PM
#26297   This also entails Fifer getting out of the picture Progafa 01/21/15 12:00:22 PM
#26296   If there's one thing I've learned about these jalbiglog1 01/21/15 11:20:23 AM
#26295   this is what it would take to restore ratherbefishin 01/21/15 10:59:05 AM
#26294   If the POG continues to climb there will jalbiglog1 01/21/15 10:48:27 AM
#26293   We CAN'T controll the POG,but we CAN ratherbefishin 01/21/15 10:37:41 AM
#26292   I still can't understand why anyone would give badge792 01/21/15 10:16:49 AM
#26291   I suspect anyone holding shares for the last jalbiglog1 01/21/15 10:12:21 AM
#26290   I'm on record as saying the best way ratherbefishin 01/21/15 09:59:54 AM
#26289   I'm "Anticipating" the share price will continue to acanuck 01/21/15 03:21:27 AM
#26288   Securing financing is only half what we need,getting ratherbefishin 01/20/15 10:26:11 PM
#26287   It seems we are back soon. Snirre 01/20/15 03:18:35 PM
#26286   After a year of financial crisis and problems acanuck 01/20/15 02:00:45 PM
#26285   Today's politician in charge is tomorrow's criminal in JustForFun7 01/20/15 12:26:01 PM
#26284   Thanks for the DD, something this board is eom7 01/20/15 11:06:41 AM