Cap Oeste project in Argentina
Aim-listed gold and silver miner Patagonia Gold’s Cap Oeste gold mine, in Argentina, produced 10 662 oz of gold equivalent at an average cash cost of $693/oz in the first quarter of the year.
The team at Cap Oeste continues with efforts to optimise the production process while the installation of the new crushing circuit, to reprocess the material already stacked on the leach pad, is completed.
Patagonia is using the proceeds from gold sales to complete payment for the new crushing circuit and to reduce its net debt position.
The production guidance for the year is being reviewed.