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VANCOUVER, British Columbia, April 26, 2024 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its audited results for the fiscal year ended December 31, 2023 (“YE 2023”). The audited consolidated financial statements for fiscal year 2023, together with the related management discussion and analysis, are available on the Company’s website and on the Company’s profile on SEDAR+ at www.sedarplus.ca.
Highlights
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A total of 714 meters of core drilling was completed at Abril. Analytical results from this drilling are pending and drilling will continue through 2024.
Remarks:
| (1) | Consisting of 3,412 gold and 91,098 silver ounces produced and 3,275 gold and 83,988 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities in each period. The ratio for the year ended December 31, 2023 was 82.45:1 (2022 – 82.41:1). |
| (2) | For further information regarding drilling at the Monte Leon prospect (El Tranquilo Project), please see press releases dated March 1 and July 13, 2023 (available on the Company’s website and on the Company’s profile on SEDAR+ at www.sedarplus.ca). . |
Declaration from a qualified person
Donald J. Birak, an independent consulting geologist, Registered Member of SME and Fellow of AusIMM, and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
About Patagonia Gold
Patagonia Gold Corp. is a South America-focused publicly traded mining company listed on the TSX Venture Exchange. The Company seeks to increase shareholder value through the exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia owns mineral rights, indirectly through its subsidiaries or through option agreements, to over 430 properties in several provinces in Argentina and is one of the largest landowners in Santa Cruz Province, Argentina.
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Christopher van Tienhoven, Chairman of the Board
Patagonia Gold Corp
T: +54 11 5278 6950
E: [email protected]
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including, but not limited to, statements relating to, among other things, the receipt of drilling assay results and the continuation of drilling at Abril, as well as the advancement and development of gold and silver projects in the Patagonia region of Argentina, as well as the anticipated Increasing shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” are used. etc. To identify these forward-looking statements, “potential” or the negative or other variations of these words or similar words or expressions have been used. These statements reflect management’s current views and are based on information currently available to management as of the date hereof.
Forward-looking statements are subject to significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking statements. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based on assumptions that management believes to be reasonable, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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