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Petaquilla Minerals Up About 4% on Preliminary Q1 Results

Petaquilla Minerals (PTQ.TO) is now up by about 4% after announcing preliminary results for the first quarter of fiscal 2012.

The company said gold poured has continued its upward trend totaling 18,014 ounces, an increase of 8% compared to the previous quarter. Actual gold mined equalled 61,227 ounces resulting in 43,213 stockpiled gold ounces for the company's on/off leach pad project. Gold sales during the quarter generated approximately US$26.3 million, an increase of 25% compared to the fourth quarter of fiscal 2011

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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