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Patagonia Gold Quarter 2 2024 Financial Results
VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results
About this update from Patagonia Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results for the quarter ended June 30, 2024 (“Q2 2024”). 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$2.6 million in Q2 2024. Produced 761 gold equivalent ounces(1) and sold 1,107 gold equivalent ounces(1) in Q2 2024. Incurred exploration expenditures of US$0.7 million in Q2 2024 including completion of: A diamond drilling program in the Abril target to test the extension of mineralization identified in previous reverse circulation drill holes. A total of 284.2 meters were drilled, all as HQ-diameter core, and 289 samples were collected(2). The assays results varied significantly, with Au (gold) values ranging from 0.005 to 0.23 grams per ton (g/t) and Silver (Ag) values ranging from 1 to 25 g/t3. Notes:(1) Consisting of 488 gold and 21,624 silver ounces of production and 779 gold and 26,503 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities each period. The ratio for three months ended June 30, 2024 was 79.23:1 (2023 – 80.54:1).(2) Includes 18 samples submitted for QAQC purposes. All QAQC samples were within expected analytical limits.(3) Assays were performed at Alex Stewart International, a certified, independent, commercial laboratory with sample preparation and analytical facilities in Mendoza, Argentina. Gold values were determined by fire assay techniques and silver values were determined by four acid digestion and ICP-MS. Qualified Person’s Statement Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release. About Patagonia Gold Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is prim...