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Petaquilla Minerals Ltd. (PTQMF)

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Last Post: 5/9/2016 11:38:18 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
#26575   So I haven't been able to find any badge792 05/09/16 11:38:17 AM
#26574   You're right there up 6 percent today on redflame 04/15/16 11:06:40 PM
#26573   Look forward... the bottom is reached...;-) Snirre 04/14/16 03:28:35 PM
#26572   That was the mistake any of us that Implanting 04/14/16 02:49:37 PM
#26571   Not sure this is good or bad, definitely likethesun 04/10/16 08:33:28 PM
#26570   Rodrigo Esquivel Klein and Richard Fifer Carles have badge792 04/10/16 11:49:37 AM
#26569   With these new revelations of corrupt gov't, politicians likethesun 04/06/16 10:43:59 AM
#26568   I knew something like this would PTQ badge792 04/06/16 08:32:57 AM
#26567   New multi-million dollar lawsuit against Panama badge792 04/06/16 07:09:20 AM
#26566   Another story of how corrupt Panama is..... likethesun 04/05/16 10:42:27 AM
#26565   The investigating judge, Sandra Castillo, rejected a practice badge792 04/04/16 08:56:21 PM
#26564   I don't know why a class action lawsuit Implanting 04/01/16 07:34:26 PM
#26563   There is as minimum a big shareholder in Snirre 04/01/16 07:01:08 PM
#26562   But don't you honestly think that if the badge792 04/01/16 05:34:23 PM
#26561   I believe the best way to start is Implanting 04/01/16 04:50:44 PM
#26560   Yes we need a start, a voice to Snirre 04/01/16 04:20:42 PM
#26559   It doesn't get any of the shareholder money Implanting 04/01/16 03:45:15 PM
#26558   Yea, mine either. Wow what a corrupt bunch likethesun 04/01/16 12:47:57 PM
#26557   Yeah....but it doesn't get back all my money badge792 04/01/16 11:20:49 AM
#26556   Very good info badge. This exposes all the criminals. likethesun 04/01/16 11:06:35 AM
#26555   The former executive of the mining Petaquilla Richard badge792 04/01/16 04:36:31 AM
#26553   Martinelli has been embroiled in financial scandals and badge792 04/01/16 04:26:49 AM
#26552   Judge guarantees of Cocle, Jasmine Jaen, agreed to badge792 03/22/16 01:02:52 PM
#26551   The sixth anti-corruption prosecutor requested Cocle Judge Yazmin badge792 03/18/16 01:03:15 PM
#26550   Help!! Does anyone know if the company still has oilslick91 03/17/16 05:05:45 PM
#26549   The Sixteenth Prosecutor in charge of Kira Brokamp badge792 03/08/16 07:02:08 AM
#26548   News from today enforcer19 03/07/16 09:18:27 PM
#26547 know what they say......when you get into badge792 03/06/16 04:35:05 AM
#26546   So, the government is just cleaning the mess Implanting 03/05/16 08:08:30 AM
#26545   Actually this activity only seeks to protect the enforcer19 03/05/16 06:22:47 AM
#26544   That's great, but what's it mean to the Implanting 03/04/16 03:49:42 PM
#26543   Hello carlosc, your answer was not helpfull, you are Snirre 03/04/16 03:10:35 PM
#26542   Hello gentlemen, look at this news, reinforcement and enforcer19 03/03/16 08:39:44 PM
#26541   Where is your mentioned post ? Snirre 03/03/16 04:11:56 PM
#26540   Look like Fifer's criminal past is starting to likethesun 03/03/16 11:38:36 AM
#26539   The Court of Final Appeal of Cocle refused badge792 03/03/16 10:09:23 AM
#26538   You're right....translation is terrible. likethesun 03/02/16 09:08:02 PM
#26537   Translation is a mess ... badge792 03/02/16 05:42:36 PM
#26536   Read the last paragraph.....this guy is going to badge792 03/02/16 05:34:11 PM
#26535   The Court of Appeal Adversarial Criminal Justice System badge792 03/02/16 05:31:07 PM
#26534   Carlos, that's exactly spot on. He claimed he Implanting 03/02/16 03:16:26 PM
#26533   I cannot find the post # 26521 here, Snirre 03/02/16 01:46:45 PM
#26532   Addressed fully in 26521. carlosc 03/01/16 04:38:16 PM
#26531   Hello again, please answer to my questions and Snirre 03/01/16 04:34:57 PM
#26530   Here's a good one. He quit posting here carlosc 03/01/16 03:07:59 PM
#26529   Do you remember how MegaJocksnifferIII was always vacationing carlosc 03/01/16 02:42:25 PM
#26528   Fifer and the Officers of the Company knew Implanting 02/29/16 10:50:50 AM
#26527   I know you can't get blood out of badge792 02/29/16 09:18:40 AM
#26526   LTS, I agree the mine workers that got Implanting 02/29/16 08:58:47 AM