Patagonia Gold Unveils Exciting Financial Outcomes for Q3 2025
VANCOUVER, British Columbia – Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSX-V: PGDC) has recently shared its financial results for the closing quarter ended September 30, 2025. The detailed financial statements, along with the management’s discussion and analysis, are accessible via the company's official website.
Key Financial Highlights
During Q3 2025, Patagonia Gold generated remarkable revenue amounting to US$3 million, demonstrating a solid execution of its financial strategy. The operations at the Cap Oeste produced 482 gold equivalent ounces, while sales reached 707 ounces in the same quarter.
Project Developments and Advancements
The focus remains on enhancing Patagonia's infrastructure, particularly with the construction of the Calcatreu heap leach facility located in Rio Negro. As of Q3 2025, significant components of this project—including roads, camps, explosives magazines, fuel storage tanks, and power generation plants—have been successfully completed. Currently, work on the heap leach pad is in advanced stages, with essential earthworks finished and ongoing installation efforts of the geomembrane liner.
Strategic Preparations for Enhanced Production
Another critical step for Patagonia involved the successful relocation and refurbishment of the carbon in columns (CIC) plant from the previously operational Lomada de Leiva mine to the Calcatreu site, expecting to be fully operational by December 2025. Additionally, elution, electro winning, and doré furnace circuits from FL Smith are set to arrive in Q1 2026, further boosting production capabilities.
Workforce Development and Training
Patagonia has completed the hiring and training of personnel vital for its mining activities, marking a significant milestone with the first controlled blasts executed on September 18, 2025. These advancements affirm the Company’s readiness to initiate heap leaching, anticipated to commence in early 2026.
Investment in Exploration
The Company has continued to prioritize exploration, with incurred expenditures reaching US$0.5 million in Q3 2025. Noteworthy achievements during this period include:
- A comprehensive drilling program totaling 1,074.35 meters across various targets at Calcatreu, including Belen, Lucy, Nelson, and NVS.
- The excavation of 92.45 meters of trenching across several targets, further enriching exploration data.
- Completion of 535.71 line-kilometers of ground magnetic surveys, essential for mapping geological features along with Base Geological Reports submitted to the Mining Application Authority for mining properties.
About Patagonia Gold Corp.
Patagonia Gold Corp. is dedicated to fostering growth within the South American mining sector, particularly focused on gold and silver projects in Argentina's Patagonia region. With a commitment to increasing shareholder value through exploration and strategic project development, the company zeroes in on its Calcatreu project and the Cap-Oeste underground project. Patagonia stands as one of Argentina's prominent landholders, holding mineral rights across over 375 properties across various provinces.
Contact Information
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
Frequently Asked Questions
What were Patagonia Gold's revenue figures for Q3 2025?
The company generated revenue of US$3 million during the third quarter of 2025.
What production results did Patagonia Gold achieve?
Patagonia produced 482 gold equivalent ounces and sold 707 ounces in Q3 2025.
What significant construction milestones have been achieved?
The construction of the Calcatreu heap leach facility made substantial progress, including the completion of essential infrastructure like road access and camp facilities.
When is heap leaching expected to start at Calcatreu?
Heap leaching at Calcatreu is anticipated to commence in early 2026.
What is Patagonia Gold's exploration strategy?
The company invested US$0.5 million into exploration activities during Q3 2025, focusing on drilling and conducting extensive geological surveys across key targets.
