Sep. 11, 2014, 6:40 AM
- Patagonia Gold (OTC:PATAF) +9% in London following this morning's operational update.
- Lomada Mine reported record production in August, with a total of 2,961 ounces of gold recovered from the main and trial heap leach pads combined at an all-inclusive cash cost of $625 per ounce.
- The second large excavator delivered and operational. Lomada is on-track to achieve expansion target of 3,000 ounces of gold per month production by end of Q3.
- Exploration for 2014 focused on the El Tranquilo block with the identification and development of 22 new and existing targets. Exciting new mineralization discovered at El Calafate and La Canada, near to Flagship deposit, Cap-Oeste. Additional drilling planned for late 2014.
Patagonia Gold, Plc. holds investment in mineral exploration companies involved in the identification, acquisition and development of technically and economically sound mineral projects, either alone or with joint-venture partners.
Sector: Basic Materials
Industry: Electric Utilities
Country: United Kingdom
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