THE MINE · MINA SANTA ROSA
A world-class deposit
in Veraguas.
Located in Panama’s historic Veraguas Goldbelt — a region with over 500 years of continuous mining history — Mina Santa Rosa combines proven resources with a fully permitted, legally secured operational framework.
1.1M oz
Gold reserves
4.5M oz
Silver reserves
84,615 oz
Annual production
$1,250
AISC per oz
13 yrs
Mine life
CONTRATO LEY · LAW 407
Legally secured concession
50 km radius around Santa Rosa. 20-year term with 20-year extension right. Confirmed in good standing by Panama’s Ministry of Commerce and Industry (MICI), March 2024.
4 × EIA
Full environmental clearance
Four Environmental Impact Assessments approved by Panama’s National Environmental Ministry. Prepared by Consultores Ambientales y Multiservicios, Panama City. Construction commenced 2025.
EST. 2008
16 years on-site
Veragold has been present in Cañazas since 2008 — long before construction began. Operating under a Contrato Ley that is legally and operationally distinct from the Cobre Panama situation.
GEOLOGY
The Veraguas
Goldbelt.
Mina Santa Rosa sits within one of Central America’s most prolific gold-bearing formations. The Veraguas Goldbelt has supported continuous gold extraction for over 500 years — making it one of the longest-producing mineral belts in the Western Hemisphere. Veragold’s Contrato Ley encompasses three distinct ore bodies within a 50 km radius, each independently resourced and permitted.
PRODUCTION UNITS
Santa Rosa
Primary deposit
Primary
deposit
Alto de la Mina (ADLM)
Second deposit
Second
deposit
Cerro Otero
Third deposit
Third
deposit
Historic leach pad
Proven & probable
109,000
oz Au
Zero cyanide
Water-based flotation cell technology — not an aspiration, the current process.
No tailings dam
Dry-stack paste thickening eliminates dam failure risk entirely.
Recycled waste rock
Waste material reused for local construction and infrastructure development.
4 approved EIAs
Full environmental clearance from Panama’s National Environmental Ministry.
Aerial · Mina Santa Rosa site
Geology · Core samples
Landscape · Veraguas Province