Patagonia Gold Regains COSE Property

Patagonia Gold Corp (TSE:PGDC) has released an update.

Patagonia Gold Corp. has struck a deal to reacquire the COSE property from Pan American Silver Corp., aiming to consolidate holdings in the El Tranquilo concession block in Argentina. The agreement involves Patagonia assuming the closure costs and environmental monitoring expenses of COSE, which was previously sold to Pan American Silver in 2018 and ceased operations in 2022. The transaction’s completion hinges on Patagonia meeting certain conditions within 30 days, after which it will enhance their project portfolio in the region, including the development of the Cap-Oeste underground project.

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