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News  ›  GlobeNewswire Inc.

Update on Construction of Calcatreu Project

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Update on Construction of Calcatreu Project

Patagonia Gold Corp. announced significant progress on its Calcatreu gold-silver project in Rio Negro, Argentina. Construction commenced in Q1 2025 with mining activities beginning in August 2025. The company expects to commence first leaching in Q1 2026 and has completed key infrastructure including explosives storage, chemical facilities, and a 192-person capacity camp. The project contains 9.84 million tonnes of measured and indicated mineral resources with 669,000 ounces of gold and 6.3 million ounces of silver.

Insights
HGLD   positive

The company is demonstrating strong operational progress with mining activities commenced, key infrastructure completed ahead of schedule, and first leaching expected in Q1 2026. Successful recruitment of 135 employees, positive relationships with local authorities, and completion of critical facilities (explosives storage, chemical storage, leach pad) indicate the project is advancing well toward production. The substantial mineral resource base (669k oz gold, 6.3M oz silver) and on-track timeline support positive momentum.