Northwire Canada EditionThursday, July 30, 2026
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ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0% ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0%
Earnings

Patagonia Gold Quarter 2, 2025 Financial Results

By The Northwire Desk — AI Analysis Aug 29, 2025 · 17:00 PGDC · 0.065 Patagonia Gold Corp.
PGDC · Price

Executive Summary

  • Patagonia Gold reported Q2 2025 revenue of US$3 million and produced 642 gold‑equivalent ounces (including silver) while selling 942 gold‑equivalent ounces.
  • Completed a US$40 million capital investment in its subsidiary to advance the Calcatreu project, with heap‑leach facility construction now underway and first blasts expected by Q3 2025.
  • Executed a strategic agreement with Newmont covering the Tornado and Huracán properties north of Cerro Negro.

Key Details

  • Revenue: US$3 million for the quarter ended June 30, 2025.
  • Capital Investment: US$40 million invested in Patagonia Gold Canada Inc. on May 30, 2025 to fund Calcatreu development.
  • Production & Sales (Cap Oeste):
  • Produced 642 gold‑equivalent ounces (393 oz Au + 24,035 oz Ag).
  • Sold 942 gold‑equivalent ounces (598 oz Au + 33,159 oz Ag).
  • Gold‑to‑silver conversion ratio used: 96.11 : 1.
  • Exploration Expenditures: US$0.3 million in Q2 2025 covering:
  • 697.55 m drilled across 12 diamond holes at Calcatreu (Belén target).
  • 161.1 m of trenching in the Belén zone.
  • 131.95 km of ground‑magnetic surveys at La Josefina.
  • Final Geological Report for El Llano property presented; reactivation plan for Ana property disclosed.
  • Newmont Agreement: Executed agreement relating to Tornado and Huracán properties (details referenced in April 2 press release).
  • Calcatreu Heap‑Leach Facility Construction:
  • Completed access road, camp, explosives magazine, fuel tanks, and power plant.
  • Earthworks on heap‑leach pad underway; CIC plant refurbished and ready for relocation.
  • Elution and foundry circuits from FL Smidth slated for delivery Q1 2026.
  • Hiring and training of mining personnel commenced; first blasts anticipated end of Q3 2025.
  • Qualified Person: Donald J. Birak, independent consulting geologist, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“Our continued investment and operational progress at Calcatreu position us well for a successful transition to commercial production later this year,” – Christopher van Tienhoven, CEO.

Read the original news release →

More from Patagonia Gold Corp.

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