Patagonia Gold ( (TSE:PGDC) ) just unveiled an announcement.
Patagonia Gold has increased its loan facility with Cantomi Capital Ltd. to US$45 million, up from the original US$15 million set in 2019, with a maturity date extended to December 31, 2026. The additional funds will be used for downpayments on long lead time items for the Calcatreu project and for general working capital, indicating a strategic move to ensure the project’s progress while seeking alternative financing.
More about Patagonia Gold
Patagonia Gold Corp. is a publicly traded mining company focused on South America, particularly in the Patagonia region of Argentina. It is listed on the TSX Venture Exchange and aims to grow shareholder value through the exploration and development of gold and silver projects. The company concentrates primarily on the Calcatreu project in Rio Negro and the Cap-Oeste underground project, holding mineral rights to over 415 properties in several provinces of Argentina, making it one of the largest landholders in Santa Cruz, Argentina.
YTD Price Performance: 66.67%
Average Trading Volume: 42,694
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$23.25M
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