Tuesday, November 15, 2011

Petaquilla Minerals Ltd. Reports $5 Million Net Income and $9.9 Million Cash Flow for 1st Quarter Fiscal 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2011) - For its first quarter of fiscal 2012, Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") announces a net income of US$5.0 million, representing an improvement of US$10.7 million compared to the same period of fiscal 2011. This improvement was mainly due to an increase of 68% in gold poured combined with higher gold prices and a reduction of 25% in cash cost per ounce sold. Gold poured during the ...continued
      

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