Patagonia Gold announces Q2 2024 revenue of $2.6 million, with exploration expenditures and assay results.

From GlobeNewswire: 2024-08-28 16:42:00

Patagonia Gold Corp. announces financial results for Q2 2024, with revenue of US$2.6 million. The company produced 761 gold equivalent ounces and sold 1,107 gold equivalent ounces in the same quarter. Exploration expenditures of US$0.7 million included a diamond drilling program in the Abril target. Assay results showed gold values ranging from 0.005 to 0.23 g/t and silver values ranging from 1 to 25 g/t.

Patagonia Gold Corp. focuses on exploration and development of gold and silver projects in South America. The company, listed on the TSX Venture Exchange, primarily operates in the Patagonia region of Argentina. Their projects include the Calcatreu project in Rio Negro and the Cap-Oeste underground project. Patagonia holds mineral rights to over 430 properties in Argentina.

The news release contains forward-looking statements about the advancement of gold and silver projects in Argentina, including the Abril target drilling program and anticipated growth in shareholder value. While based on current beliefs and information, these statements involve significant risks and uncertainties. The company cannot guarantee results consistent with the forward-looking statements and does not assure updates.



Read more at GlobeNewswire:: Patagonia Gold Quarter 2 2024 Financial Results