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Cobre Panama is a large open-pit copper development project in Panama, 120 kilometres west of Panama City. (Inmet)
Cobre Panama is a large open-pit copper development project in Panama, 120 kilometres west of Panama City. (Inmet)

Mining

Petaquilla shares soar on news of Inmet bid Add to ...

Shares of Petaquilla Minerals Ltd. climbed more than 50 per cent Thursday after Inmet Mining Corp. made a $112-million takeover offer in a bid to consolidate the area around its Cobre Panama project.

Petaquilla’s Molejon project neighbours Inmet’s $6.2-billion (U.S.) Cobre Panama copper-gold porphyry project, Panama’s largest-ever mine development.

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