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Patagonia Gold gets green light for Argentinian project

Thu, 22nd Nov 2012 08:07

AIM-listed gold miner Patagonia Gold has received a 'full and final permit' to start producing at its Lomada de Leiva gold project in Santa Cruz, Argentina."We are very pleased to have achieved this important milestone for our company," said Chairman Carlos Miguens."We would like to thank the Governor, authorities and the community of the province of Santa Cruz for their confidence in our capacity to proceed with the responsible development of the Lomada de Leiva gold project, while taking good care of the environment and existing social structures."Targeted annual production at Lomada (according to estimates in 2008) is 21,000 ounces of gold.Patagonia is now ready to start constructing the main heap leach and aims to achieve full production by early in the second quarter of 2013. The company forecasts production of 14,000 ounces of gold for the second half of next year.The company has classed Lomada as a "low cost high return" project with total capital expenditure expected to be $16m and an operating expenditure in the lower quartile of world gold producers.It will take $7.0m together with debt of $4.2m (for the mining equipment) to bring Lomada to full production.Shares rose 5.58% to 22.7p in the opening hour of trade on Thursday.
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13 Feb 2019 10:38

Patagonia Gold pleased with latest drilling results from San Jose

(Sharecast News) - South America-focussed gold and silver mining company Patagonia Gold released the first drill results from its San Jose Project in Uruguay on Wednesday, in which a total of seven holes were drilled.

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28 Dec 2018 13:47

Patagonia Gold acquiring four Argentina properties from Goldcorp

(Sharecast News) - Gold and silver-focussed mining company Patagonia Gold has agreed to acquired four additional exploration property blocks located in the Province of Santa Cruz, Argentina, from Goldcorp, it announced on Friday.

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21 Dec 2018 10:56

Patagonia completes $1.5m sale of PGSA to Metalla

(Sharecast News) - Argentina, Chile and Uruguay-focussed gold and silver company Patagonia Gold announced on Friday that the sale of the COSE Royalty by its wholly-owned subsidiary PGSA to Metalla had now closed.

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2 May 2018 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 3 MayJames Fisher & SonsSavannah PetroleumTrinity MirrorEquiniti (re of

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24 Apr 2018 14:42

Patagonia Gold Chief Operating Officer Matthew Boyes Leaves

LONDON (Alliance News) - Patagonia Gold PLC on Tuesday said that its Chief Operating Officer Matthew Boyes stepped down on Thursday last week.Boyes has been with the gold and silver mining

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23 Dec 2016 10:01

Patagonia Gold lowers 2016 expectations, remains upbeat at Cap-Oeste

(ShareCast News) - South America-focused mining company Patagonia Gold updated the market on its open pit mine and heap leach processing facility at Cap-Oeste on Friday, with an updated forecast total production from the project increased to 186,800 oz AuEq from 82,000 oz AuEq. The AIM-traded firm s

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23 Dec 2016 08:59

Patagonia Gold Cuts Cap-Oeste Guidance, Probing Heap Leach Options

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7 Nov 2016 10:41

Patagonia Gold pleased with Zona 13 drilling results

(ShareCast News) - Patagonia Gold said it is pleased with the results from its first drill programme in Zona 13 within the Chamizo exploration area, Uruguay. It said the grade and thickness of the mineralisation intersected on the main shear to date were very encouraging. "With a potential strike e

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1 Jul 2016 11:09

Patagonia Gold Finance Director Steps Down For Non-Executive Role

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20 May 2016 07:06

Patagonia Gold Raises GBP510,000 In Share Subscription (ALLISS)

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3 May 2016 15:15

AGM, EGM Calendar - Week Ahead

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22 Apr 2016 08:10

Patagonia Gold To Raise Funds For Cap-Oeste Project (ALLISS)

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15 Apr 2016 09:27

WINNERS & LOSERS SUMMARY: SABMiller Up As Takeover Passes Key Hurdle

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15 Apr 2016 09:11

UPDATE: Patagonia Gold Focuses On Cap-Oeste As Lomada Nears The End

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15 Apr 2016 07:32

LONDON MARKET OPEN: Man Group Shares Lifted By Fund Resilience

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