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The latest announcement is out from Patagonia Gold ( (TSE:PGDC) ).
Patagonia Gold Corp. has secured a US$40 million investment from Black River Mine Inc. to advance its Calcatreu Project in Argentina. This investment, structured through the issuance of preferred shares, will enable Patagonia to retain a 60% controlling interest in the project while providing the investor with significant rights and returns. The financing is expected to bolster the project’s development, impacting the company’s operational capabilities and market positioning.
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. operates in the mining industry, focusing on the exploration and development of gold and silver projects. Its primary market focus is on its flagship Calcatreu Project located in Rio Negro, Argentina.
YTD Price Performance: 6.06%
Average Trading Volume: 32,192
Technical Sentiment Signal: Sell
Current Market Cap: C$16.28M
Learn more about PGDC stock on TipRanks’ Stock Analysis page.