Patagonia Gold Third Quarter 2025 Financial Results

Core Viewpoint - Patagonia Gold Corp. reported its financial results for Q3 2025, highlighting production and sales figures, ongoing construction projects, and exploration activities in Argentina [1][6]. Financial Performance - The company generated revenue of US$3 million in Q3 2025 [6]. - Residual production from Cap Oeste yielded 482 gold equivalent ounces produced and 707 gold equivalent ounces sold during the quarter [6]. Production and Sales - The production consisted of 273 gold ounces and 18,900 silver ounces, while sales included 478 gold ounces and 20,398 silver ounces, converted to a gold equivalent using an average spot market price ratio of 86.73:1 for the quarter [3][6]. Project Development - Construction of the Calcatreu heap leach facility in Rio Negro is progressing, with the access road, camp, explosives magazine, fuel storage tanks, and power generation plant completed [6]. - The relocation and refurbishment of the carbon in columns (CIC) plant from the Lomada de Leiva mine to Calcatreu has been completed, with installation expected in December 2025 [6]. - The elution, electro winning, and doré furnace circuits are scheduled for delivery in Q1 2026 [6]. Exploration Activities - The company incurred exploration expenditures of US$0.5 million in Q3 2025, with drilling totaling 1,074.35 meters at various targets [6]. - A total of 92.45 meters of trench were excavated, and 535.71 line-kilometers of ground magnetics surveying were completed [6].