VANCOUVER, British Columbia, Aug. 29, 2025 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV:PGDC) announces its financial results for the quarter ended June 30, 2025 (“Q2 2025”). The financial statements together with the related management’s discussion and analysis are available on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Highlights
- Generated revenue of US$3 million in Q2 2025.
- On May 30, 2025, the Company completed the US$40 million investment in its subsidiary, Patagonia Gold Canada Inc., to advance the development of the Company’s Calcatreu project.
- Residual production from Cap Oeste yielded 642 gold equivalent ounces(1) produced and 942 gold equivalent ounces(1) sold in Q2 2025.
- Incurred exploration expenditures of US$0.3 million in Q2 2025, including completion of:
- A total of 697.55 meters drilled in 12 diamond drill holes at Calcatreu, focused on Belén target.
- A total of 161.1 meters of trench excavated in the Belén zone.
- A total of 131.95 line-kilometers of ground magnetics surveying at La Josefina and the Final Geological Report (IGF) of the El Llano property has been presented and a reactivation plan has been presented at the Ana property.
- Executed an agreement with Newmont in relation to the Tornado and Huracan properties immediately north of their Cerro Negro mine. (For further reference, please see our April 2 press release available at the following link on our website https://patagoniagold.com/investors/news-releases/ and under the Company’s profile on SEDAR+).
- Construction of the Company’s Calcatreu heap leach facility in Rio Negro has commenced. As of the end of Q2 2025, the access …