Gold Mining Boom in the Republic of Panama

The price of gold today is $1535.40/oz and the likelihood is that it will keep rising. Gold and copper mining are booming due to various occurrences around the globe such as high energy costs and political instability. The key is investing smart. Latin America, more specifically Panama has become one of investors’ favorite mining spots due to its ore producing potential. Located near the country´s capital, in the District of Donoso, Petaquilla Gold is a successful mining project with plans in place to increase production to 5000 tonnes per day with the addition of a SAG mill as the supply of the mill feed permits. Images from the Company’s website are only a glimpse of the potential of this land. With a steady trajectory and vast expertize, Richard Fifer´s gold mine is already one of the largest mining projects in the world.