Patagonia Gold Corp. (PGDC) Financings
TSXV: PGDC · Gold, Silver · Development stage
- Market cap$202.0M
- Share price$0.430
- 52-week range$0.105 – $1.34
- Shares outstanding469,751,486
- ExchangeTSXV
- Websitepatagoniagold.com
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 375 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
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Patagonia Gold Corp. financial statements
Key figures read from 38 of 41 financial statement filings, Nov 29, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$2,858 | US$948 | US$185 | US$231 | US$291 |
| Total current assets | US$7,280 | US$5,508 | US$4,704 | US$6,905 | US$6,562 |
| Total current liabilities | US$10,640 | US$9,890 | US$2,604 | US$15,569 | US$14,290 |
| Working capital | (US$3,360) | (US$4,382) | US$2,100 | (US$8,664) | (US$7,728) |
| Exploration and evaluation assets | US$24,634 | US$14,858 | US$14,753 | US$14,893 | US$16,112 |
| Property, plant and equipment | US$34,858 | US$10,774 | US$9,416 | US$10,644 | US$12,475 |
| Total assets | US$93,677 | US$50,959 | US$49,574 | US$54,294 | US$57,739 |
| Debt | US$52,698 | US$47,752 | US$37,010 | US$29,350 | US$22,985 |
| Total liabilities | US$64,439 | US$55,891 | US$42,314 | US$41,494 | US$40,043 |
| Shareholders' equity | US$19,391 | (US$2,963) | US$8,870 | US$14,304 | US$19,088 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$9,006 | US$8,831 | US$8,220 | US$12,340 | US$18,104 |
| Cost of sales | (US$7,336) | (US$8,614) | (US$9,902) | (US$14,635) | (US$13,559) |
| Exploration and evaluation expense | (US$1,888) | (US$2,995) | (US$3,737) | (US$5,374) | (US$4,604) |
| General and administrative | (US$4,597) | (US$3,723) | (US$4,867) | (US$5,491) | (US$6,427) |
| Share-based compensation | (US$406) | (US$12) | (US$135) | (US$349) | (US$362) |
| Impairments and write-downs | — | — | — | US$0 | (US$1,489) |
| Net income (loss) | (US$7,064) | (US$11,913) | (US$6,407) | (US$4,328) | (US$11,266) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$4,693) | (US$5,151) | (US$5,738) | (US$5,329) | (US$591) |
| Investing cash flow | (US$35,534) | (US$3,071) | (US$294) | (US$286) | (US$3,888) |
| Financing cash flow | US$41,834 | US$8,204 | US$5,555 | US$5,584 | US$3,867 |
| Exploration spending (capitalized) | (US$9,875) | (US$335) | US$0 | (US$103) | (US$2,951) |
| Property, plant and equipment spending | (US$25,881) | (US$2,814) | (US$614) | (US$231) | (US$1,611) |
| Proceeds from share issues | US$39,926 | — | — | — | — |
| Change in cash | US$1,607 | (US$18) | (US$477) | (US$31) | (US$612) |
| Cash at end of period | US$2,858 | US$948 | US$185 | US$231 | US$291 |
Patagonia Gold Corp. financings
5 financings announced or closed by Patagonia Gold Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-04-22 | Patagonia Gold Corp. (PGDC) | Debt | Upsized | US$50.0M | — | Patagonia Gold Announces Increase to Loan Facility |
| 2025-04-14 | Patagonia Gold Corp. (PGDC) | Private placement | Closed, 1 tranche | US$40.0M | $1.00 | Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project |
| 2025-02-14 | Patagonia Gold Corp. (PGDC) | Debt | Announced | US$45.0M | — | Patagonia Gold Announces Increase to Loan Facility |
| 2024-12-06 | Patagonia Gold Corp. (PGDC) | Debt | Announced | US$40.0M | — | Patagonia Gold Announces Increase to Loan Facility and Extension of Its Maturity Date |
| 2024-07-26 | Patagonia Gold Corp. (PGDC) | Debt | Announced | US$15.0M | — | Patagonia Gold Announces Increase to Loan Facility |
Patagonia Gold Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Patagonia Gold Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-04-22 | Loan, amended | Cantomi Capital Ltd | US$50M | matures 2026-12-31 |