Patagonia Gold announces $8.8 million revenue in 2024 with varied assay results.

From GlobeNewswire: 2025-04-29 18:37:00

Patagonia Gold Corp. announces audited results for the financial year ended December 31, 2024. Generated revenue of US$8.8 million in 2024. Produced 2,810 gold equivalent ounces and sold 3,705 gold equivalent ounces from the Cap-Oeste operation in Argentina. Assay results varied significantly, with gold values ranging from 0.005 to 4.87 g/t and silver values ranging from 1 to 219 g/t.

On July 9, 2024, the Company entered into an agreement with Astra Exploration Inc. for the exploration and development of the Company’s La Manchuria property block in Santa Cruz, Argentina. On November 6, 2024, the Company received the final permit to commence construction and development of the Company’s Calcatreu project in Rio Negro. On October 9, 2024, the Company acquired four mineral properties and consolidated the Mina Angela property block in Chubut, Argentina.

Patagonia Gold Corp. is a South America focused mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.



Read more at GlobeNewswire:: Patagonia Gold 2024 Financial Results