Orla boosts gold recoveries in Panama


News from Panama

Orla Mining (TSXV: OLA; US-OTC: ORRLF) has increased gold recoveries at its Cerro Quema gold project in Panama with results from new metallurgical column tests — part of a larger initiative to update the project’s 2014 prefeasibility study (PFS) by mid-2019. The company achieved 96% gold recoveries for its La Pava deposit and 91% for […]

September 17, 2018

New soft coral species discovered in Panama


News from Panama

A study in the journal Bulletin of Marine Science describes a new, blood-red species of octocoral found in Panama. The species in the genus Thesea was discovered in the threatened low-light reef environment on Hannibal Bank, 60 kilometers off mainland Pacific Panama, by researchers at the Smithsonian Tropical Research Institute in Panama (STRI) and the […]

September 17, 2018

Tender for Line 3 of Panama Metro


News from Panama

Specifications are being published for the design, construction of civil works, auxiliary installations, supply and installation of an integral system that includes monorail rolling stock for the third Line. According to details of previous studies, Line 3 of the Panama Metro will be located between the provinces of Panama and Panama West, covering part of the […]

September 17, 2018

The Unstoppable Public Debt


News from Panama

“Public debt in terms of simple average for the Central American region will continue growing, reaching 43.1% of GDP in 2018, after having registered 42.5% in 2017.” The Central American Institute of Fiscal Studies (Icefi) estimates that for the current year the size of public expenditure of the Central Government in relation to the respective […]

September 17, 2018

Panama: Labor Hiring Down 4%


News from Panama

In the first eight months of the year, the authorities registered 179,000 work contracts, 4% less than the 186,000 contracts reported in the same period in 2017. According to figures from the Ministry of Labor and Labor Development between the first eight months of 2017 and the same period in 2018, the types of permanent […]

September 17, 2018

More Protectionism


News from Panama

To correct alleged price distortions in the local market, the Panamanian government plans to regulate imports of beef from Nicaragua. The Ministry of Agricultural Development (MIDA)’s plan is to establish new import rules, which will aim to correct the “distortion in the price of beef paid for the local product.” The new regulatory framework, which according to Panamanian authorities consists […]

September 17, 2018