Patagonia Gold Corp., based in Vancouver, British Columbia, has announced the results of an updated independent Preliminary Economic Assessment (PEA) for its Calcatreu Gold-Silver Project. The PEA outlines a compelling financial outlook, reporting an after-tax net present value (NPV) of US$334 million calculated at a 10% discount rate and an internal rate of return (IRR) of 282%. The project is estimated to have a mine life of 16 years.
Key findings from the assessment also suggest there is significant exploration potential beyond the current project boundaries, indicating prospects for increased resource development within the broader Calcatreu District. This exploration potential could further enhance the project's viability and contribute to its long-term sustainability.
Patagonia Gold has continued to advance its projects, focusing on enhancing operational efficiencies and maximizing resource recovery. The company aims to leverage the promising results of the PEA in securing future investments and partnerships as it moves forward with the development of the Calcatreu project.
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