Patagonia Gold Expands Loan Facility to Support Projects

Author: Dylan Bailey Updated: 04-22-2025 05:22 PM

Patagonia Gold Expands Loan Facility for Future Projects

Patagonia Gold Corp. is thrilled to announce a significant advancement in its financial strategy. The Company has forged an agreement with Cantomi Capital Ltd. to expand the Cantomi Loan, elevating the total amount available to US$50 million. This decision marks a pivotal moment in Patagonia's efforts to enhance its mining operations.

Details of the Increased Loan Facility

The initial loan, established back in February 2019 for $15 million, has undergone remarkable changes. It has been amended to a sizable $50 million, with a maturity date set for December 31, 2026. This increase, moving from $45 million to $50 million, promises to support the development of Patagonia’s Calcatreu project and bolster general working capital needs.

Intended Use of Funds

The funds from this loan will be instrumental in facilitating downpayments for essential long lead time items necessary for project advancement. As the partnership between Patagonia Gold Corp. and Black River Mine Inc. evolves, these financial resources will be crucial in ensuring timely progress and project execution.

Patagonia Gold’s Project Focus

Patagonia Gold Corp. is more than just a mining company; it’s a dedicated entity that focuses on creating long-term value for its shareholders. With a concentration on gold and silver exploration in Southern America, particularly in Argentina’s Patagonia region, the Company has carved out a prominent position in the mining landscape. Its primary focus lies in the development of the Calcatreu project in Rio Negro, along with the Cap-Oeste underground project—a venture that underscores Patagonia's commitment to industry advancement.

Mineral Rights and Landholdings

Through its subsidiaries and various option agreements, Patagonia Gold holds mineral rights to over 400 properties across several provinces in Argentina, making it one of the largest land stakeholders in Santa Cruz. This vast territory not only enhances its mining capabilities but also positions the Company advantageously in the competitive mining sector.

Contact Information

For further details and inquiries, interested parties can reach out to:

Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com

Frequently Asked Questions

What is the purpose of the increased loan facility?

The increased loan facility will primarily fund downpayments for items essential for the Calcatreu project and support general working capital needs.

When is the maturity date for the Cantomi Loan?

The maturity date for the Cantomi Loan is December 31, 2026.

What projects is Patagonia Gold focusing on?

Patagonia Gold is focusing on the Calcatreu project and the Cap-Oeste underground project, both located in Argentina.

How many mineral properties does Patagonia Gold hold?

Patagonia Gold holds mineral rights to over 400 properties across various provinces in Argentina.

Who can I contact for more information about Patagonia Gold?

For inquiries, you can contact Christopher van Tienhoven, the CEO of Patagonia Gold Corp.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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