VANCOUVER, British Columbia, Could 28, 2021 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Firm”) (TSXV: PGDC) publicizes its outcomes for the quarter ended March 31, 2021 (“Q1 2021”). The monetary statements for Q1 2021 along with the associated administration’s dialogue and evaluation can be found on the Firm’s web site and beneath the Firm’s profile on SEDAR at www.sedar.com.
- Generated income of US$5.75 million and gross income of US$2.28 million in Q1 2021.
- Produced 2,171 gold equal ounces (1) and bought 3,198 gold equal ounces (1).
- Acquired a definitive allow for the event of the Cap-Oeste gold/silver underground mission.
- Closed C$9.3 million fairness financing.
- Exercised the choice to accumulate a 100% curiosity within the Mina Angela mission positioned in Chubut Province, Argentina.
(1) Gold equal ounces embody silver ounces produced and bought transformed to a gold equal based mostly on a ratio of the typical spot market value for the 2 commodities in every interval. The ratio for 3 months ended March 31, 2021 was 70.41:1 (2020 – 87.61:1)
Christopher van Tienhoven, Chief Government Officer of the Firm said: “Current company initiatives and extra manufacturing and gross sales of treasured steel doré are exhibiting advantages with a worthwhile first quarter. Our continued give attention to optimizing our present properties with further exploration actions is predicted to extend manufacturing and improve potential assets for future improvement.”
Certified Particular person’s Assertion
Donald J. Birak, an unbiased geologist and Registered Member of SME and Fellow of AusIMM, is a certified individual as outlined by Nationwide Instrument 43-101, and has reviewed and authorised the scientific and technical content material of this information launch.
About Patagonia Gold
Patagonia Gold Corp. is a South America targeted, publicly traded mining firm listed on the TSX Enterprise Trade. The Firm seeks to develop shareholder worth by means of exploration and improvement of gold and silver initiatives within the Patagonia area of Argentina. The Firm is primarily targeted on the Calcatreu mission in Rio Negro and the event of the Cap-Oeste underground mission. Patagonia, not directly by means of its subsidiaries or beneath choice agreements, has mineral rights to over 420 properties in a number of provinces of Argentina and Chile and is among the largest landholders within the province of Santa Cruz, Argentina.
For extra data, please contact:
T: 403 617 7609
Christopher van Tienhoven, Chief Government Officer
Patagonia Gold Corp
T: +54 11 5278 6950
This information launch incorporates sure forward-looking statements, together with, however not restricted to, statements with respect to, amongst different issues, the anticipated improve in manufacturing and improve in potential assets for future improvement, development and improvement of gold and silver initiatives within the Patagonia area of Argentina and the anticipated progress in shareholder worth. Wherever attainable, phrases reminiscent of “could”, “will”, “ought to”, “might”, “anticipate”, “plan”, “intend”, “anticipate”, “consider”, “estimate”, “predict” or “potential” or the detrimental or different variations of those phrases, or comparable phrases or phrases, have been used to determine these forward-looking statements. These statements mirror administration’s present beliefs and are based mostly on data at present obtainable to administration as on the date hereof.
Ahead-looking statements contain vital danger, uncertainties and assumptions. Many elements might trigger precise outcomes, efficiency or achievements to vary materially from the outcomes mentioned or implied within the forward-looking statements. These elements ought to be thought of fastidiously, and readers shouldn’t place undue reliance on the forward-looking statements. Though the forward-looking statements contained on this information launch are based mostly upon what administration believes to be cheap assumptions, the Firm can not guarantee readers that precise outcomes will probably be in keeping with these forward-looking statements. These forward-looking statements are made as of the date of this information launch, and the Firm assumes no obligation to replace or revise them to mirror new occasions or circumstances, besides as required by regulation.
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch.