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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.
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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

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Gravity

Produces the highest grade concentrates

Economical technology but recoveries are lower

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Leaching

Better recoveries than gravity, but still marginal

Uses cyanide

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Flotation

Best overall recoveries on all ore types

Good upside potential

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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

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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
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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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Contact Us

(+507) 390-8708 / 390-3682

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