Can't you read English ? Read slow, the FACTS:
In Panama, Petaquilla plans to ramp up gold production through plant and leaching operations at its Molejon gold mine to 4,000 ounces per month with an expected cash cost of $850 per gold ounce and to be cash flow positive in the second quarter of fiscal year 2015.
The company has sufficient reserves at its Molejon gold deposit to continue production at that rate for a further five years.
In addition, 152,000 gold ounces slated for leaching are presently stockpiled at Molejon.
A plan to reduce general and administrative costs and to align general compensation with the company's new goals will be implemented immediately, with further cost-cutting measures to be introduced at the beginning of the new fiscal year.
