Patagonia Gold Third Quarter 2024 Financial Results

VANCOUVER, British Columbia, Nov. 29, 2024 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Firm”) (TSXV: PGDC) publicizes its monetary outcomes for the quarter ended September 30, 2024 (“Q3 2024”). The monetary statements along with the associated administration’s dialogue and evaluation can be found on the Firm’s web site and below the Firm’s profile on SEDAR+ at www.sedarplus.ca.

Highlights

• Generated income of US$2.4 million in Q3 2024.
• Produced 796 gold equal ounces⁽¹⁾ and bought 955 gold equal ounces⁽¹⁾ in Q3 2024.
• On November 6^th, the Firm acquired the ultimate allow to advance with the development and growth of the Calcatreu mission.
• Incurred exploration expenditures of US$0.9 million in Q3 2024.
• On October 9^th, the Firm entered right into a definitive settlement with Compañía Inversora de Minas SAU, buying 4 mineral properties and consolidating the Mina Angela property block in Chubut.

^Notes:
(1) _{Consisting of 526 gold ounces and 22,683 silver ounces of manufacturing and 625 gold ounces and 27,109 silver ounces bought, transformed to a gold equal utilizing a ratio of the common spot market value for the commodities every interval. The ratio for the three months ended September 30, 2024 was 82.49:1 (2023 – 80.89:1).}

Certified Particular person’s Assertion

Donald J. Birak, an unbiased consulting geologist, Registered Member of SME, Fellow of AusIMM, and certified particular person as outlined by Nationwide Instrument 43-101, has reviewed and authorised the scientific and technical data on this information launch.

About Patagonia Gold

Patagonia Gold Corp. is a South America centered, publicly traded, mining firm listed on the TSX Enterprise Alternate. The Firm seeks to develop shareholder worth by way of exploration and growth of gold and silver tasks within the Patagonia area of Argentina. The Firm is primarily centered on the Calcatreu mission in Rio Negro and the event of the Cap-Oeste underground mission. Patagonia, not directly by way of its subsidiaries or below choice agreements, has mineral rights to over 430 properties in a number of provinces of Argentina and is among the largest landholders within the province of Santa Cruz, Argentina.

For extra data, please contact:

Christopher van Tienhoven, Chief Government Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: [email protected]

FORWARD-LOOKING STATEMENTS

This information launch incorporates sure forward-looking statements, together with, however not restricted to, statements with respect to, amongst different issues, the development and growth of gold and silver tasks within the Patagonia area of Argentina and the anticipated progress in shareholder worth. Wherever doable, phrases similar to “might”, “will”, “ought to”, “may”, “count on”, “plan”, “intend”, “anticipate”, “imagine”, “estimate”, “predict” or “potential” or the unfavourable or different variations of those phrases, or comparable phrases or phrases, have been used to establish these forward-looking statements. These statements mirror administration’s present beliefs and are primarily based on data presently accessible to administration as on the date hereof.

Ahead-looking statements contain important threat, uncertainties and assumptions. Many elements may trigger precise outcomes, efficiency or achievements to vary materially from the outcomes mentioned or implied within the forward-looking statements. These elements ought to be thought of fastidiously, and readers shouldn’t place undue reliance on the forward-looking statements. Though the forward-looking statements contained on this information launch are primarily based upon what administration believes to be affordable assumptions, the Firm can not guarantee readers that precise outcomes shall be in line with these forward-looking statements. These forward-looking statements are made as of the date of this information launch, and the Firm assumes no obligation to replace or revise them to mirror new occasions or circumstances, besides as required by regulation.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.