If you check the Company MD&A from Jan. 14th on Sedar you'll see that their projections for fiscal 2014 are for 130K - 140K oz. of gold production.  Fiscal 2014 runs from June 1st 2013 through May 31st 2014, so that most likely won't include any production from Spain.  The Spainish mine would add to the totals at some point in fiscal 2015.

I personally think they can make those production numbers IF they get all their ducks in a row.  I would add that when production starts in Spain it will be more costly than what they're currently doing in Panama, so I would expect production costs from Spain to increase their cost numbers when that happens.