Patagonia Gold 2024 Financial Results

Core Insights - Patagonia Gold Corp. reported audited financial results for the year ended December 31, 2024, highlighting a revenue of US$8.8 million and production of 2,810 gold equivalent ounces [1][6] - The company is focused on exploration and development of gold and silver projects in Argentina, particularly the Calcatreu project and the Cap-Oeste underground project [4] Financial Performance - Generated revenue of US$8.8 million in 2024 [6] - Produced 2,810 gold equivalent ounces and sold 3,705 gold equivalent ounces from the Cap-Oeste operation [6] Exploration and Development Activities - Spent US$3 million on exploration of key projects, including a diamond drilling program at the Abril target, totaling 807 meters drilled and 810 samples collected [6] - Assay results from the drilling program showed gold values ranging from 0.005 to 4.87 grams per ton and silver values from 1 to 219 grams per ton [6] - Entered into an agreement with Astra Exploration Inc. for the exploration and development of the La Manchuria property, allowing Astra to earn up to a 90% interest by spending at least US$3 million and making a cash payment of US$5 million [6] - Received final permit for construction and development of the Calcatreu project on November 6, 2024 [6] - Acquired four mineral properties and consolidated the Mina Angela property block through a definitive agreement with Compañía Inversora de Minas SAU on October 9, 2024 [6]