Patagonia Gold (TSE:PGDC) has released an update.
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Patagonia Gold Corp. has increased its loan facility with Cantomi Uruguay S.A. from US$33 million to US$35 million. The additional funds will be utilized to refinance existing debts to lower interest costs and support general corporate needs. This financial move aims to bolster the company’s position as it develops gold and silver projects in Argentina.
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