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Petaquilla Minerals Reports Preliminary Q4 Results for Molejon Gold Mine; Shares Up 1%

Petaquilla Minerals Ltd. (PTQ.TO) today announced its preliminary fourth quarter and annual operational and financial results for its Molejon gold mine.

The company said revenues came in at $22.8 million during the quarter. Gold production was 17,725 ounces. Cash cost per ounce of gold sold for both the fourth quarter of fiscal 2012 and for the annual period ranges from $550 - $600 and is expected to remain unchanged for the present Fiscal 2013 period.

The company's cash position as at May 31, 2012, equaled $12 million.

PTQ rose 1% to 40 cents with volumes of about 223,000.

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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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