Patagonia Gold Corp · TSXV:PGDC
Patagonia Gold — H1 2016 Earnings Presentation
13 slides from Patagonia Gold's earnings presentation, September 2016
Slide 1: Interim Results September 2016
INTERIM RESULTS SEPTEMBER 2016 AIM:PGD Delivering growth through expansion and exploration
Slide 2: Disclaimer
DISCLAIMER The information contained in these slides has been prepared by Patagonia Gold Plc ("the Company"). The information in these slides is subject to updating, completion, revision, further verification and amendment without notice. These slides have not been approved by the United Kingdom Lis
Slide 3: H1 Highlights
H1 Highlights Revenues of US$21.6m (H12015:US$14.0m) Increase driven by higher gold price and improved production Net profit attributable to the Company of US$2.2m (H12015: net loss of US$5.8m) Production from Lomada to end of period - 16,889 oz Au (H12015 9,944 oz Au) at cash cost of US$591/oz (H
Slide 4: H1 Highlights (continued)
H1 Highlights (continued) US$10 million financing completed in May 2016 Proceeds used to develop initial open pit mine of Cap-Oeste and for working capital Development of Cap-Oeste progressing as planned Initial open pit mine and heap leach pad completed New mining gear at Cap-Oeste Commission
Slide 5: Focus on the Deseado Massif
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Slide 6: Cap-Oeste – Open Pit Mine
Cap-Oeste – Open Pit Mine Construction completed of initial open pit mine and heap leach pad Within US$13.3m budget All equipment purchased and delivered to site First ore loaded at Cap-Oeste HL Pad Ore now being irrigated First gold sales expected in October 2016 First ore irrigation 6
Slide 7: Cap-Oeste – Open Pit Mine
Cap-Oeste – Open Pit Mine Life of mine 24 months and targeting 82,000oz AuEq Options for underground mine at Cap-Oeste and COSE being evaluated - increase life of mine to six years Projected cash costs of US$800 - 850/oz Completed blasting magazine at Cap-Oeste 7
Slide 8: Projects Update
Projects Update La Manchuria: JV partner currently being sought to help realise value through profit share and exploration potential La Paloma: Trenching and RAB drilling completed over geophysical targets Cerro Vasco and Breccia Emilia. RC drilling scheduled before year end El Tranquilo: RC drillin
Slide 9: Exploration Update
Exploration Update Sarita: Pole-Dipole geophysical programme to start early October prior to designing diamond drilling programme to follow up numerous targets developed at surface Los Toldos: El Bagual. 4 hole diamond drilling programme to start in Nov to follow up Barrick first round exploration a
Slide 10: Exploration Update - Uruguay
Exploration Update - Uruguay San José Gold Project Geological mapping, geophysical and geochemical surveys undertaken at the Zona 13, 14, 15, and Carreta Quemada projects. Trenching and a 9 hole drilling programme completed at Zona 13, with assay results anticipated during October Applications lodge
Slide 11: Management & Board Summary
Management & Board Summary Management Christopher van Tienhoven – CEO – BSE in Economics, University of Pennsylvania. Appointed 21 April 2015. Close to 25 years experience in the mining industry primarily with the Anglo American Group and more recently with junior mining companies including Andean R
Slide 12: Corporate Snapshot
Corporate Snapshot Overview ¹ Share price graph Exchange AIM:PGD Share price (GB pence) 2.18 Shares outstanding 1,587,749,605 Options 94,958,000 Warrants 24,705,000 Fully diluted 1,707,412,605 Market capitalisation (GBP million) 34.61 Major shareholders Research Coverage ² Holder % Holding Company A
Slide 13: Contact
Contact For further information please contact: Christopher van Tienhoven – CEO Tel: +54 11 5278 6950 Email: cvantienhoven@patagoniagold.com 13