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THE GROUP · CORPORATE STRUCTURE

Three entities.
One mission.

OPERATIONS · PANAMA
Veragold Mining Company S.A.
Panama City · Project holding & operations
THE MINE · VERAGUAS
Mina Santa Rosa
Cañazas, Veraguas · Operating asset
FINANCE · GERMANY
Veragold Mining Company GmbH
Germany · Finance & investor relations

Veragold Mining Company is structured as a three-entity group spanning Panama and Germany. The Panamanian holding company owns the Contrato Ley concession and oversees operations at Mina Santa Rosa. The German subsidiary manages capital markets strategy and investor relations for European and international investors.

How the
group is organised.

The group structure separates operational liability from investor-facing activities. The Panamanian S.A. holds the concession, employs the site workforce, and bears the operational licences. The German GmbH provides the European capital markets interface — structuring the investment vehicle for institutional and private investors in Germany and the wider European Union.

Veragold Mining Company
Group holding · Corporate governance
Veragold Mining Company S.A.
Panama City, Republic of Panama
OPERATING COMPANY · CONCESSION HOLDER
Veragold Mining Company GmbH
Germany
FINANCE · INVESTOR RELATIONS
100% subsidiary of Veragold Mining Company S.A.
Mina Santa Rosa
Cañazas, Veraguas, Panama
OPERATING ASSET · CONTRATO LEY
Veragold Mining
Company S.A.
Panama City, Republic of Panama
SOCIEDAD ANÓNIMA · OPERATIONS

The Panamanian operating company is the legal holder of the Contrato Ley concession granted under Law 407 — a 50 km radius around Mina Santa Rosa, confirmed in good standing by Panama’s Ministry of Commerce and Industry (MICI) in March 2024. As a Sociedad Anónima incorporated in the Republic of Panama, the S.A. employs the local workforce, holds all four approved Environmental Impact Assessments, and is the contracting party with the Panamanian state. Construction commenced from this entity in 2025.

INCORPORATED
Republic of Panama
CONCESSION
Contrato Ley · Law 407 · 20 + 20 yr
PERMITS
4 × EIA approved · MINAE Panama
CONSTRUCTION
Commenced 2025
COMMUNITY
Cañazas presence since 2008
Mina Santa Rosa
Cañazas, Province of Veraguas, Panama
OPERATING ASSET · CONTRATO LEY

Mina Santa Rosa is the group’s sole operating asset — a world-class polymetallic deposit located 300 km southwest of Panama City in the historic Veraguas Goldbelt. The concession area encompasses three distinct ore bodies (Santa Rosa primary, Alto de la Mina / ADLM, and Cerro Otero) plus a historic leach pad containing 109,000 proven and probable ounces of gold. Total resources stand at 1.1 million ounces of gold and 4.5 million ounces of silver, with a 13-year mine life at 84,615 oz Au annual production.

LOCATION
Cañazas, Veraguas · 300 km SW of Panama City
RESOURCES
1.1M oz Au · 4.5M oz Ag
PRODUCTION
84,615 oz Au / yr · 13-year mine life
AISC
$1,250 / oz (global avg. $1,456)
PROCESS
Zero-cyanide flotation · Dry-stack tailings
Veragold Mining
Company GmbH
Germany
GESELLSCHAFT · FINANCE & IR

The German GmbH is the group’s European financial and investor relations vehicle. It structures the investment opportunity for institutional and private investors in Germany and the broader European Union, manages capital markets strategy, and coordinates the NDA and investor access process. The GmbH is the primary point of contact for European investors and acts as the interface between Veragold’s Panamanian operations and European capital markets.

INCORPORATED
Federal Republic of Germany
FUNCTION
Finance, capital markets, investor relations
MARKET
Germany · European Union · International
INVESTOR CONTACT
Stefan Kreis, CFP · EVP Corporate Finance

Built over
two decades.

Veragold’s story in Veraguas began in 2008 — not with a drill rig, but with community meetings. The company spent 16 years earning the trust of the Cañazas district before a single tonne of ore was moved. That timeline is not a regulatory artefact. It is the foundation of the project’s social licence, its environmental clearances, and its legal standing.

The Contrato Ley structure was chosen deliberately: it provides the highest level of legal certainty available in Panama — a contract with the force of law, immune to executive-branch interference. The comparison with Cobre Panama is not a concern. It is an opportunity to demonstrate why Veragold’s legal basis is categorically different.

2008
First engagement in Cañazas. Veragold identifies the Santa Rosa deposit and begins dialogue with local communities and Panamanian regulators.
2009
Veragold Mining Company S.A. incorporated in the Republic of Panama. Initial exploration programme commenced in the Veraguas Goldbelt.
2011
Contrato Ley granted under Law 407. 50 km concession around Santa Rosa secured for an initial 20-year term with 20-year extension right.
2013–18
Resource definition drilling and four EIA processes completed. 1.1M oz Au resource confirmed. Community consultations formalised across all four assessment phases.
2019
Veragold Mining Company GmbH established in Germany to manage European investor relations and capital markets strategy.
2024
Contrato Ley confirmed in good standing by MICI, March 2024. Financial model updated: risk-adjusted NPV USD 1.62 billion at 5% discount rate.
2025
Construction commenced. Local workforce integrated. All operational permits in place. Veragold enters the production development phase.

The people
behind the project.

An international team of mining engineers and geoscientists from the United States and Canada, operational and regulatory specialists based in Panama, and European capital markets professionals — united by a shared commitment to responsible resource development.

Meet the team
400+
Employees at production
4
Countries
3
Entities
2008
On-site since
01
Legal certainty

The Contrato Ley structure provides the highest level of legal protection available in Panama — ratified by the National Assembly, immune to executive decree, confirmed by MICI in 2024.

02
Community first

16 years in Cañazas before construction. Social licence earned through a decade and a half of presence, dialogue, and local investment — not through a legal minimum.

03
Process integrity

Zero cyanide. No tailings dam. Decisions made before capital was committed. The process is the product of values, not a post-hoc ESG compliance exercise.

04
Transparent governance

Three-entity structure with clear separation of operational and financial responsibility. Public EIA documents. A qualified independent geology team. No shortcuts.