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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.
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Patagonia Gold receives final approval to list on Toronto Stock Exchange

6th Dec 2011, 9:05 am by Sergei Balashov Patagonia Gold said it looks forward to benefiting from the 'wide range of investors and greater access to capital provided by the TSX platform'

Patagonia Gold (LON:PGD) has gained a listing in Canada after receiving final approval to list on the Toronto Stock Exchange (TSX) with trading in its shares set to begin tomorrow.

“We are pleased to gain a new listing on the TSX, which will increase Patagonia's profile in the investment community,” said chief executive of Patagonia Gold Bill Humphries.

“We look forward to benefiting from the wide range of investors and greater access to capital provided by the TSX platform.”

Shares in Patagonia will continue trading on the AIM market in London, where it has been listed 2003.

Patagonia Gold is primarily focused on the development of two properties, the flagship Cap-Oeste gold-silver project on the El Tranquilo block in Argentina and the nearby COSE project, which is expected to begin generating free cash flow by 2013.

Only last week Patagonia reported an increase of 82.4 percent in the indicated resource for Cap-Oeste, which now stands at 966,972 ounces of gold equivalent, while the inferred resource amounts to 228,968 ounces of gold equivalent.

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

So far, 26 drill-holes have been completed in the new programme and assay results are pending.

Metallurgical testwork programmes are in progress aimed at defining a treatment route for the oxide and sulphide material types as the firm moves towards beginning a pre-feasibility study for Cap-Oeste in the first quarter of 2012.

Drilling is also continuing at the Monte Leon prospect, which is also contained on the El Tranquilo block along with the COSE bonanza gold and silver deposit which lies 2 km from Cap-Oeste.

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