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.

With the resource under the Republic of Panama’s Law Decree 92 of November 7, 2013, Veragold also controls all of the minerals within a 50km radius of Minas Santa Rosa, affording us other opportunities for further development. 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.

Technology Discussion


Produces the highest grade concentrates

Economical technology but recoveries are lower


Better recoveries than gravity, but still marginal

Uses cyanide


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.


Contact Us

(+507) 390-8708 / 390-3682

Suite 12-14, Global Bank Tower, Panama City, Republic of Panama