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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: PGD
Latest Price: 29.00p  (0.87% Ascending)
52-week High: 71.00p
52-week Low: 22.00p
Market Cap: 216.79M
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Patagonia Gold
www.patagoniagold.com
Patagonia Gold is a mining explorer. It holds permits or options to purchase property in the Patagonian region of Argentina and Chile across an area of over 7,000 square kilometres. The company is exploring principally for gold and silver.

Major shareholders include Carlos Miguens, the Argentinean industrialist and Barrick Gold, the world’s largest gold miner. The company is led by Chairman, Sir John Craven, who is recently retired as Chairman of Lonmin, and Chief Executive Officer, Bill Humphries, the co-founder of the successful mining explorer, Brancote Holdings. He is also Chairman of Landore Resources, which is also an AIM listed mineral explorer.
Full Patagonia Gold profile here
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Patagonia Gold announces retirement of non-exec director Richard Prickett

2nd Dec 2011, 7:38 am by Giles Gwinnett Prickett added: 'I am very proud of what we have achieved in Patagonia Gold. It has been a great privilege to work with some of the very best people in the mining industry.'

Co-founder of Patagonia Gold (LON:PGD) and non-executive director Richard Prickett has retired from the firm's board.

Managing director Bill Humphries said Prickett had played an "outstanding role" over the last 14 years.

"Richard has helped raise over £60 million to fund our drilling campaigns and bring Patagonia Gold to a point where we can see a world class mining proposition emerging," he said in a statement this morning.

Prickett added: "I am very proud of what we have achieved in Patagonia Gold. It has been a great privilege to work with some of the very best people in the mining industry."

Prickett was also a founder of Brancote Holdings - the company's forerunner - and one of the first companies to join the AIM market in 1995.

In 2002, Brancote was successfully sold for around US$370 million.

Founded initially as HPD Exploration, which joined AIM in 2003, it became Patagonia Gold in January 2004. As HPD exploration it began trading at 1.5 pence per share with a market cap of less than £2 million, the firm said.

Today, the share price is around 52 pence and it has a market cap of more than £380 mln.

On Wednesday this week, the firm announced an 82.4 per cent increase to its indicated gold equivalent resource for its flagship Cap-Oeste gold-silver deposit in Santa Cruz province, Argentina.

Total gold equivalent (AuEq) ounces in the indicated category now stand at 966,972 -  an increase of 82.4 per cent compared to the previous model in 2009.

The inferred resource now stands at 228,968 ounces AuEq, Patagonia said in the statement.

In addition, the resource is still open along strike and down dip and infill and extension drilling is ongoing.

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