VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV:PGDC) announces its financial results for the quarter ended September 30, 2025 (“Q3 2025”). The financial statements together with the related management’s discussion and analysis are available on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Highlights
Generated revenue of US$3 million in Q3 2025.
Residual production from Cap Oeste yielded 482 gold equivalent ounces(1) produced and sold 707 gold equivalent ounces(1) in Q3 2025.
Construction of the Company’s Calcatreu heap leach facility in Rio Negro. As of the end of Q3 2025, the access road, camp, explosives magazine, fuel storage tanks, and power generation plant had been completed. Work on the heap leach pad is well advanced, with earthworks finished and the installation and welding of the geomembrane liner in progress.
Relocation and refurbishment of the carbon in columns (“CIC”) plant from the Company’s past producing Lomada de Leiva mine to Calcatreu has been completed and is expected to be installed during December 2025.
The elution, electro winning and doré furnace circuits purchased from FL Smith are scheduled for delivery during Q1 2026.
Hiring and training of personnel for the mining activities has been completed and the first blasts took place on September 18, 2025.
The Company expects to commence heap leaching at Calcatreu in early 2026.
Incurred exploration expenditures of US$0.5 million in Q3 2025, including completion …