Veragold Mining Company Inc.

Operating Company – Panama, Americas


About us

Veragold Panama is a private, emerging mining company preparing to be a gold and silver producer in the Republic of Panama. Veragold’s principal asset is the world-class Minas Santa Rosa project near Cañazas, Republic of Panama. With over 1.2M ounces of gold already defined, along with over 5M ounces of silver, a 6000tpd environmentally and socially responsible mill is currently in design with start-up scheduled for Q3 2020.

All concessions for the exploration and/or the exploitation of metallic minerals reserves (gold and others) in a 50 km radius are covered by a contract law from the National Assembly of the republic of Panama (Law N92/2013) affording the company the opportunity to convert the mine into a hub for a regional operation. With drilling currently underway, we are excited about the future growth of our company.

Our Strategy

Veragold’s strategy to create value has four elements

  • Advance Minas Santa Rosa to commercial production.
  • Even though the current project has considerable upside potential with significant value to be realized, Veragold will continue to expand the Minas Santa Rosa deposit through developmental drilling.
  • Explore other potential Au/Ag opportunities on our current land position in Panama that provides a platform for future growth.
  • Create value through strategic acquisitions and transactions in Panama and other areas with a favorable mineral development climate with the objective of constant growth in the mining sector.

Mina Santa Rosa

Mina Santa Rosa is located in the town of Cañazas, Province of Veraguas. Access to the property is 300 km from Panama City via the Pan-American Highway and 15 km paved road to the site & town.

gravity (1)


  • Produces the highest grade concentrates
  • Economical technology but recoveries are lower
leaching (1)


  • Better recoveries than gravity, but still marginal
  • Uses cyanide
flotation (1)


  • Best overall recoveries on all ore types
  • Good upside potential

The Best Technology

Flotation is the Best Technical Choice

    • Flotation provides the overall best results
    • Applicable to both the heap leach residue and the insitu core from each deposit
    • Although implementation of the technology is more costly, the metallurgical performance overrides the increased cost
  • Environmentally falls between gravity and leaching, but still environmentally safe and does not use cyanide

State-of-the-Art Technology

Paste Thickening

  • Eliminates Waste Pond
  • High Water Recovery
  • Reduces Waste Volume
  • Remaining Water Evaporates Quickly
  • Ability to Dry Stack Tailings
  • Eliminates Possibility of Dam Failure

Additional Drilling

  • In Progress
  • Evaluating additional resource close to existing operation

Veragold In The Community

Sponsorship of all Cañazas Soccer Women’s Championship Team and other community programs.

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