Patagonia Gold Share Discussion Threads

[goldenshare888] 31/12/2016 11:23

HAPPY NEW YEAR everyone.

[robers98] 23/12/2016 16:42

Patagonia Gold sees longer life for Cap-Oeste open pit

Patagonia Gold plc (LON:PGD) has more than doubled its estimate of the amount of gold and silver it expects to produce from the Cap-Oeste pit in Argentina.

Total gold equivalent to be mined is now forecast at 186,800oz against 82,000oz, while the pit's mine life is now put at three years from two previously.

Patagonia switched its operations to Cap-Oeste from Lomada earlier this year and said that although the switch went smoothly it has run into some issues with the leaching process.

As a result, Patagonia only expects 3,000 oz of gold equivalent from Cap-Oeste this year compared to an expected 15,700 oz.

An agglomeration circuit will now be installed at a cost of US$3.6mln to improve the flow of the leaching solution.

This will boost recovery rates back to the predicted 80% for gold and 40% for silver said Patagonia and in 2017 production is expected to recover to 69,800 oz AuEq.

Elsewhere, the miner said a review of the nearby COSE deposit had indicated it may added a further 19 months of ore to the Cap-Oeste heap leach pad, while shallow drilling is underway at Monte Leon, another satellite deposit.

Based on the initial results Patagonia believes there may be 20,000 and 25,000 oz of gold at Monte Leon in near surface low grade oxide hosted material.

[investment dave] 23/12/2016 11:09

Good update today just terrible timing to issue it

[hazl] 23/12/2016 10:27

Apologies Steeplejack I failed to see your post.
I think patience is required.
I think the gold p is likely to be restrained until about March.
Am very busy at the moment but look in from time to time.

[boadicea] 23/12/2016 10:18

I note that, "The pit optimisation was carried out at a price of US$1,300/oz Au and US$20/oz Ag ...", which at current prices is optimistication rather than optimisation!
At best it will be marginal but I suppose it keeps everybody busy.
I fail to see much (or anything) to cheer about.

[investment dave] 23/12/2016 07:48

Highlights -- Completed updated pit optimisation and resource update for Cap-Oeste - forecast total production from Cap-Oeste increased from 82,000 oz AuEq to 186,800 oz AuEq - mine life extended from 2 years to 3 years of open pit to July 2019 Mixed news but the above is brilliant news

[steeplejack] 15/12/2016 07:25

hazlI don't really have any confidence in Patagonia going forward.The only reason I continue to hold is because I have a running capital loss and I would like to finesse the recognition of that loss against profits elsewhere.Gold has been manipulated over recent years by the USwhilst the very mechanics of the market have been alteredby the enormous influence of ETFs.That apart,Patagonia'sprospects seem vastly inferior to those of Condor and Mariana.I hope that everyone makes money here but all I see is a 'run of the mill' operation bent on paying salaries and awarding timely stock options.

[justino] 07/12/2016 14:59

Barrick: Latin America Key To Growth

[hazl] 02/12/2016 11:34

thanks robers

[robers98] 01/12/2016 12:49

Company Website refreshed.

hxxp://www.patagoniagold.com/

[charles clore] 30/11/2016 13:21

Gold has been smashed as an example to the Trumpeteer anti-globalists. They are saying don't think you have won because we are going to show you we are still in charge. You thought gold would rise, well look what we can do to your precious metals.

[hazl] 27/11/2016 21:23

Times can change .
I also have held them in previous times,though not quite that far back.
I think if you were more generally concerned about the gold price and where it was going then I could understand it but as you still hold others....CNR I have held in the past.... then I don't understand your interest.
Altruism ?
I doubt it.

[steeplejack] 27/11/2016 19:54

Well,I also hold Mariana and Condor Gold which I would recommend before Patty,especially Mariana.My attitude towards Patty is as a direct result of holding since HPD days.A misplaced loyalty resulting from having made money in Brancote previously.Times change.

[hazl] 27/11/2016 19:29

Take it you don't like them then.
Some of us do.
Gold might be in play again in a while....I can wait....

[steeplejack] 27/11/2016 19:07

Patty needs a buoyant gold price to wallpaper over ongoing concerns.These being numerous ie ongoing dilutive placings at ever lower prices combined with an avaricious appetite to award themselves stock options to compensate for low salaries.Moreover ,the company operates in a capricious Argentinian mining environment.If you want an exposure to the gold price,this is NOT the stock to be in.Nil credibility.

[hazl] 23/11/2016 18:46

Most gold stocks have dropped since TRUMP victory it seems.
Perhaps the euphoria won't last?
Who knows?

[steeplejack] 23/11/2016 08:56

Something about leopards and spots springs to mind with dear old Patty.Revisiting the placing price I see.

[hazl] 15/11/2016 17:48

PGD looks ok though; it is an equity and its prospects have improved,in my opinion.

[gsg] 15/11/2016 17:30

In the last week gold has flown all the way up from $1350 to $1224.

[investment dave] 14/11/2016 18:21

Yep 1212 just before close now shot back up to 1224

[investment dave] 14/11/2016 17:31

Gold flying back up now

[glennrcharles] 14/11/2016 16:54

Someone misread the comment above? 6p is a gain from here....