Santa Rosa, Panama
Synopsis: In 1990, the Santa Rosa concession was granted to Mina Santa Rosa, a subsidiary of Canadian company Greenstone. The open-pit gold mine entered production in 1994, and attracted many people to the area in search of jobs.The Cañazas region underwent a subsequent boom. In 1999, however, plummeting gold prices rendered the project economically unviable and the mine was shut down, leaving a legacy of 3 large ponds where overburden was removed, a tailings pond and tailings area, and widespread unemployment. There is concern in Cañazas about water contamination from the mine’s tailings. Today, with gold prices on the rise, the mine is being re-activated.