Patagonia Gold Reports 2024 Financial Results and Strategic Developments

Patagonia Gold ( (TSE:PGDC) ) has shared an update.

Patagonia Gold Corp. announced its 2024 financial results, reporting a revenue of US$8.8 million and production of 2,810 gold equivalent ounces from its Cap-Oeste operation in Argentina. The company invested US$3 million in exploration, including a diamond drilling program at the Abril target. Significant developments include an agreement with Astra Exploration Inc. for the La Manchuria property and receiving a permit for the Calcatreu project. These activities underscore Patagonia’s commitment to expanding its operations and enhancing its market position in the Argentine mining sector.

Spark’s Take on TSE:PGDC Stock

According to Spark, TipRanks’ AI Analyst, TSE:PGDC is a Neutral.

Patagonia Gold’s overall stock score reflects substantial financial difficulties, with weak income, balance sheet, and cash flow metrics. Despite some technical momentum, valuation concerns due to unprofitability weigh on the stock’s attractiveness.

To see Spark’s full report on TSE:PGDC stock, click here.

More about Patagonia Gold

Patagonia Gold Corp. is a publicly traded mining company listed on the TSX Venture Exchange, focusing on the exploration and development of gold and silver projects in the Patagonia region of Argentina. The company is primarily engaged in the Calcatreu project in Rio Negro and the Cap-Oeste underground project, holding mineral rights to over 400 properties in Argentina, making it one of the largest landholders in Santa Cruz province.

YTD Price Performance: 133.33%

Average Trading Volume: 85,585

Technical Sentiment Signal: Sell

Current Market Cap: C$32.55M

For detailed information about PGDC stock, go to TipRanks’ Stock Analysis page.