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Patagonia Gold Quarter 3 2023 Financial Results
VANCOUVER, British Columbia, Nov. 29, 2023 (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, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results for the quarter ended September 30, 2023 (“Q3 2023”). 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$3.3 million in Q3 2023. Produced 1,079 gold equivalent ounces(1) and sold 1,722 gold equivalent ounces(1) in Q3 2023. Incurred exploration expenditures totaling US$0.79 million in Q3 2023. The permitting process for the advancement of the Calcatreu project continues and once the new government, national and provincial, takes office on December 10, 2023 it is expected that the permitting process will follow the timeline of the legislation. Note:(1) Consisting of 828 gold and 20,508 silver ounces of production and 1,294 gold and 34,879 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 September 30, 2023 was 80.89:1 (2022 – 88.12:1). 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 primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz, Argentina. For more information, please contact: Christopher van Tienhoven, Chief Executive OfficerPatagonia Gold Corp.T: +54 11 5278 6950E: [email protected] FORWARD-LOOKING STATEMENTS This news release contains certa...