Patagonia Gold Expands Financial Capability for Future Projects

Author: Dylan Bailey Updated: 02-14-2025 05:16 PM

Patagonia Gold Secures Increased Loan Facility

Patagonia Gold Corp. (“Patagonia”) (TSXV: PGDC) has recently made strides in enhancing its financial foundation by entering into a significant agreement with Cantomi Capital Ltd. ("Cantomi"). This new arrangement allows Patagonia to amplify its access to essential funding, raising the maximum loan amount from US$15 million to an impressive US$45 million.

Details of the Loan Expansion

The original loan facility, initiated in early 2019, was designed to support Patagonia’s operational and developmental needs. However, with the increasing demands associated with the Calcatreu project, the necessity for further financial support became evident. The funds secured from this expanded loan will primarily focus on the advance payments for long lead time items crucial for the development of the Calcatreu project and to maintain general working capital.

Loan Terms and Implications

Under this newly amended agreement, while the loan amount has significantly increased, other terms of the Cantomi Loan remain unchanged. The maturity date for the loan is set for December 31, 2026, providing the company with ample time to utilize these funds effectively.

About Patagonia Gold Corp.

Patagonia Gold is an active mining entity based in South America, recognized for its commitment to exploring and developing gold and silver projects in the Patagonia region of Argentina. The company is strategically focused on the Calcatreu project located in Rio Negro, as well as the underground development at the Cap-Oeste project. Additionally, Patagonia Gold boasts mineral rights to over 415 properties spread across multiple provinces in Argentina, establishing it as one of the most significant landholders within the province of Santa Cruz.

Future Prospects in the Mining Sector

Looking ahead, the company aims to leverage the increased funding to not only enhance the development lifecycle of its projects but also to explore new opportunities within the mining sector in Argentina. By continuing to secure favorable financing arrangements, Patagonia Gold is positioning itself for sustainable growth and long-term success.

Contact Information

For further details, interested parties can reach out to Christopher van Tienhoven, Chief Executive Officer at Patagonia Gold Corp., by phone at +54 11 5278 6950, or via email at cvantienhoven@patagoniagold.com.

Frequently Asked Questions

What is the purpose of the increased loan amount?

The increased loan amount will primarily be used for downpayments on essential items for the Calcatreu project and general working capital.

When is the maturity date for the loan?

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

What projects is Patagonia Gold currently focused on?

The company is primarily focused on the Calcatreu project in Rio Negro and the Cap-Oeste underground project.

How many properties does Patagonia Gold hold rights to?

Patagonia Gold holds mineral rights to over 415 properties across various provinces in Argentina.

Who can be contacted for more information about the company?

Christopher van Tienhoven, Chief Executive Officer, can be contacted for more information via phone or email.

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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