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Patagonia Gold ( (TSE:PGDC) ) has provided an announcement.
Patagonia Gold Corp. has announced the return of three properties from the Nico project to Mirasol Resources Ltd., while relinquishing the remaining eleven properties. This decision was influenced by challenges in securing access from surface landowners, which hindered exploration efforts. The transfer of the three properties back to Mirasol was completed without additional consideration, potentially impacting Patagonia’s operational focus and resource allocation in Argentina.
More about Patagonia Gold
Patagonia Gold Corp. is a publicly traded mining company focused on the exploration and development of gold and silver projects in the Patagonia region of Argentina. Listed on the TSX Venture Exchange, the company primarily concentrates on the Calcatreu project in Rio Negro and the Cap-Oeste underground project. With mineral rights to over 400 properties, Patagonia Gold is one of the largest landholders in the province of Santa Cruz, Argentina.
YTD Price Performance: 33.33%
Average Trading Volume: 46,785
Technical Sentiment Signal: Sell
Current Market Cap: C$23.25M
For an in-depth examination of PGDC stock, go to TipRanks’ Stock Analysis page.