Patagonia Gold Share Discussion Threads

[lochlea] 23/3/2016 16:05

Even the House Broker appears to have lost interest.

Mind you, with a BUY rating & target price of 15p when PoG was on the floor 18 months back, their street cred ain't that good either.

[hazl] 21/3/2016 09:46

At least some of us still believe in PGD.
In my opinion gold got a bit ahead of itself but will be back after a consolidation.

IMO

[hazl] 18/3/2016 09:02

Anybody getting them now will get a better price than my last purchase!

imo

[chutes01] 17/3/2016 19:55

lets get past the 3p level now

[hazl] 17/3/2016 18:46

Last time directors bought, looks to have been at 2.81P in June last year,at not so dissimilar price.Reasonable quantities as well in some cases,£75,000.

IMO

[hazl] 17/3/2016 16:02

indeed lots to look forward to here.

imo

[johnsalv] 17/3/2016 14:36

Hazl - also the production costs in future will tumble - more cash in the bank.

[hazl] 17/3/2016 14:17

I agree John the stock-piled ore helps in the interim.

[johnsalv] 17/3/2016 14:03

The all important section from the above Proactive article

"Lomada has sufficient ore stockpiled to keep producing gold until the end of 2017 by which time Cap-Oeste should be up and running fully at 67,000 oz per year.

Cap-Oeste, on the El Tranquilo property, is still referred to as Patagonia’s “flagship project.” On its own it holds 1.3 mln ounces of gold equivalent in the indicated category, with a further 385,000 ounces inferred.

Just down the road another deposit, COSE, adds 83,000 further gold equivalent ounces in the indicated category, with a further 16,000 ounces inferred.

Cap-Oeste has been a stop-start project thus far and was deemed at one point to have too short a mine life to warrant further development.

But it’s a good-looking orebody and now Patagonia is coming round for a second swing.

The Cap-Oeste pit design contains a total measured and indicated resource of 1.56Mt at 2.21 g/t gold and 80 g/t silver for a gold equivalent grade of 3.29 g/t.

The current plans envisage a 24 month mine life, with the option to increase this to six years with the development of the two underground projects.

Talks are now underway over the financing of the initial phase of the project, which will cost US$13mln upfront.

That includes the pad construction, fleet expansion, plant construction though a further US$4.5mln for working capital will also be needed.

Discussions are ongoing over raising the finance."

[lochlea] 17/3/2016 11:35

Happy to oblige!! Big Al's 56th article on PGD over many years is well worth posting on here for the 4th time in a couple of weeks.....

[...]

Patagonia Gold (LON:PGD) holds extensive ground on the Deseado Massif in Argentina, an area that stretches several hundred kilometres inland from the Atlantic coast and that has already played host to several large gold mines.

Historically, Patagonia Gold has focussed primarily on exploration ground across three licenses, El Tranquilo, La Paloma and La Manchuria.

More recently the company started small scale gold production at its Lomada project on the La Paloma property, with annual production running at around the 20,000 ounce mark.

The thinking behind this model conforms to an age-old prejudice that survives in London’s mining investment circles: that large scale exploration upside should be supported by cash flow from a smaller producing operation.

New mine for old

But it’s small and the resource is running out so in February Patagonia took a major step by announcing that it was closing to be replaced by another prospect in Argentina, Cap-Oeste.

Lomada has sufficient ore stockpiled to keep producing gold until the end of 2017 by which time Cap-Oeste should be up and running fully at 67,000 oz per year.

Cap-Oeste, on the El Tranquilo property, is still referred to as Patagonia’s “flagship project.” On its own it holds 1.3 mln ounces of gold equivalent in the indicated category, with a further 385,000 ounces inferred.

Just down the road another deposit, COSE, adds 83,000 further gold equivalent ounces in the indicated category, with a further 16,000 ounces inferred.

Cap-Oeste has been a stop-start project thus far and was deemed at one point to have too short a mine life to warrant further development.

But it’s a good-looking orebody and now Patagonia is coming round for a second swing.

The Cap-Oeste pit design contains a total measured and indicated resource of 1.56Mt at 2.21 g/t gold and 80 g/t silver for a gold equivalent grade of 3.29 g/t.

The current plans envisage a 24 month mine life, with the option to increase this to six years with the development of the two underground projects.

Talks are now underway over the financing of the initial phase of the project, which will cost US$13mln upfront.

That includes the pad construction, fleet expansion, plant construction though a further US$4.5mln for working capital will also be needed.

Discussions are ongoing over raising the finance.

Meanwhile, exploration will continue at Lomada along the nearby Paloma blocks and breccia Sofia target and the along strike extension of the Lomada de Leiva structure.

If a commercial resource is discovered, the mine will re-open, Patagonia said.

Further afield

Exploration will also continue on other prospects in Patagonia and newly acquired ground in Uruguay.

In November 2015, Patagonia announced that it had entered into an option to acquire the Carreta Quemada and Chamizo gold projects in Uruguay from Canadian-based Trilogy Mining.

Under the terms of the deal, Patagonia will earn an initial 51% in the projects by spending US$1.5 mln over the course of the next 18 months.

It can then go to 80% by funding a further US$2 mln of expenditure, at which point if the projects are showing at least 400,000 ounces of JORC equivalent gold, Trilogy can exercise a put option that requires Patagonia to acquire the remaining 20% of the project at a price of US$10 per ounce of gold discovered, to be satisfied either in cash or in new shares in Patagonia.

Alternatively at that point, Trilogy will be able to elect to stay in and fund its 20% portion of the expenditures going forward.

The upside on these projects would appear to be considerable, with Patagonia talking of a 35 kilometre strike length at Carreta Quemada although no detailed drilling has yet been done.

At Chamizo, meanwhile, historical drilling done in the 1990s by American Resource Corporation at shallow depths identified two separate ore zones with grades running at between 1.5 grams and 2.0 grams gold per tonne over true widths typically running at 5 metres.

At this stage Patagonia puts the potential mineralisation at one of the zones at around 50,000 ounces, but says that thus far mineralisation elsewhere is too discontinuous to estimate further resource potential.

Nonetheless, these will clearly be projects to watch in the near future as the company adds to its existing resource inventory, centred in Argentina.

[hazl] 17/3/2016 11:25

Ridiculous!
This share is right on trend and that is why it has fresh interest!
ANY articles and reminders welcome as far as I'm concerned!

[luni2] 17/3/2016 10:45

Regurgitation springs to mind by the desperate shareholders at proactive. I wouldn't be surprised if johnsalv has done all the research for this article!

[johnsalv] 17/3/2016 10:28

Patagonia Gold (LON:PGD) holds extensive ground on the Deseado Massif in Argentina, an area that stretches several hundred kilometres inland from the Atlantic coast and that has already played host to several large gold mines.

Historically, Patagonia Gold has focussed primarily on exploration ground across three licenses, El Tranquilo, La Paloma and La Manchuria.

More recently the company started small scale gold production at its Lomada project on the La Paloma property, with annual production running at around the 20,000 ounce mark.

The thinking behind this model conforms to an age-old prejudice that survives in London’s mining investment circles: that large scale exploration upside should be supported by cash flow from a smaller producing operation.

New mine for old

But it’s small and the resource is running out so in February Patagonia took a major step by announcing that it was closing to be replaced by another prospect in Argentina, Cap-Oeste.

Lomada has sufficient ore stockpiled to keep producing gold until the end of 2017 by which time Cap-Oeste should be up and running fully at 67,000 oz per year.

Cap-Oeste, on the El Tranquilo property, is still referred to as Patagonia’s “flagship project.” On its own it holds 1.3 mln ounces of gold equivalent in the indicated category, with a further 385,000 ounces inferred.

Just down the road another deposit, COSE, adds 83,000 further gold equivalent ounces in the indicated category, with a further 16,000 ounces inferred.

Cap-Oeste has been a stop-start project thus far and was deemed at one point to have too short a mine life to warrant further development.

But it’s a good-looking orebody and now Patagonia is coming round for a second swing.

The Cap-Oeste pit design contains a total measured and indicated resource of 1.56Mt at 2.21 g/t gold and 80 g/t silver for a gold equivalent grade of 3.29 g/t.

The current plans envisage a 24 month mine life, with the option to increase this to six years with the development of the two underground projects.

Talks are now underway over the financing of the initial phase of the project, which will cost US$13mln upfront.

That includes the pad construction, fleet expansion, plant construction though a further US$4.5mln for working capital will also be needed.

Discussions are ongoing over raising the finance.

Meanwhile, exploration will continue at Lomada along the nearby Paloma blocks and breccia Sofia target and the along strike extension of the Lomada de Leiva structure.

If a commercial resource is discovered, the mine will re-open, Patagonia said.

Further afield

Exploration will also continue on other prospects in Patagonia and newly acquired ground in Uruguay.

In November 2015, Patagonia announced that it had entered into an option to acquire the Carreta Quemada and Chamizo gold projects in Uruguay from Canadian-based Trilogy Mining.

Under the terms of the deal, Patagonia will earn an initial 51% in the projects by spending US$1.5 mln over the course of the next 18 months.

It can then go to 80% by funding a further US$2 mln of expenditure, at which point if the projects are showing at least 400,000 ounces of JORC equivalent gold, Trilogy can exercise a put option that requires Patagonia to acquire the remaining 20% of the project at a price of US$10 per ounce of gold discovered, to be satisfied either in cash or in new shares in Patagonia.

Alternatively at that point, Trilogy will be able to elect to stay in and fund its 20% portion of the expenditures going forward.

The upside on these projects would appear to be considerable, with Patagonia talking of a 35 kilometre strike length at Carreta Quemada although no detailed drilling has yet been done.

At Chamizo, meanwhile, historical drilling done in the 1990s by American Resource Corporation at shallow depths identified two separate ore zones with grades running at between 1.5 grams and 2.0 grams gold per tonne over true widths typically running at 5 metres.

At this stage Patagonia puts the potential mineralisation at one of the zones at around 50,000 ounces, but says that thus far mineralisation elsewhere is too discontinuous to estimate further resource potential.

Nonetheless, these will clearly be projects to watch in the near future as the company adds to its existing resource inventory, centred in Argentina.

[goldenshare888] 17/3/2016 09:58

No GOLD is! Which is why we are here, no!

LOL :)

[lochlea] 17/3/2016 09:12

Bid just moved up. Am back in profit. Yipeeee. Cash is King. LMAO.

[goldenshare888] 17/3/2016 08:53

Good entry point here I feel.

Has to be a top GOLD turnaround prospect company!

[investment dave] 16/3/2016 18:24

Gold rocketing

[hazl] 16/3/2016 18:08

'although the Federal Open Market Committee left interest rates unchanged they have left the door open to hikes later in the year, despite downgrading their economic projections.

The central bank’s decision to leave interest rates unchanged in its range between 0.25 and 0.50% was widely expected by the market and economist.

In the statement the central bank was fairly more optimistic on the U.S. economy, downplaying the impact global market volatility has had on U.S. growth.

The statement said: “economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months.” '
kitco.com
phew!
Gold up seems good for us,so far imo

[hazl] 16/3/2016 13:51

To be frank I was pleased for the holders of LND that it rose slightly despite your negativity over there as well as here.

I might have been interested in it myself except I saw you were over there,treading on any good news no doubt.

Thankgoodness for KNOS and FQM today anyway.

I will add that I cannot promise to read your posts any more as I find them rather depressing.

IMO