Proactiveinvestors recommends
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
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
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
Is PGD a Buy, Sell or Hold?Get your FREE analysis of PGD
Pdf

Patagonia Gold mops up Cap-Oeste land rights

5th Jan 2012, 7:40 am by Philip Whiterow Patagonia Gold currently has mineral rights to over 220 properties in several provinces of Argentina and Chile.

Patagonia Gold (LON:PGD) has acquired the outstanding land rights over its Cap-Oeste gold and silver project in Argentina.

The explorer paid $2.1 million for the Estancia 'El Tranquilo' area in the Santa Cruz province, which covers 20,000 hectares and contains the north-east sector of Cap-Oeste. Patagonia had already acquired the land rights for the south east sector in 2008.

It said that ownership of the land rights as well as the mineral rights is essential for the orderly and unencumbered development of its projects.

Patagonia Gold currently has mineral rights to over 220 properties in several provinces of Argentina and Chile covering approximately 800,000 hectares and is one of the largest landholders in the province of Santa Cruz. 

It recently delineated a NI 43-101 compliant gold equivalent resource of nearly 967,000 ounces indicated at Cap-Oeste with a further inferred resource of 267,000 ounces. In total, it reported a more than 80 per cent increase on its previous resource estimate.

The El Tranquilo block also contains the COSE bonanza grade gold and silver deposit, where an underground mine is scheduled to start up this quarter, the Monte Leon and Breccia Valentina prospects and “other highly prospective gold and silver areas”, said Patagonia.  

COSE, which is nearby to Cap-Oeste, is expected to begin generating free cash flow by 2013. 

Shares in the explorer recently began trading on the Toronto Stock Exchange as well as on AIM.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.