Patagonia acquires land surface rights
Patagonia Gold has acquired the remaining land surface rights of its main gold and silver project through its wholly-owned subsidiary Minera Minamalu.
Patagonia Gold has acquired the remaining land surface rights of its main gold and silver project through its wholly-owned subsidiary Minera Minamalu.
The area, which is known as El Tranquilo and covers 80 square kilometres in the Santa Cruz Province of Argentina, was purchased for £2.1m.
El Tranquilo also contains the bonanza grade gold and silver deposit, where an underground mining operation is in preparation to begin in the first quarter of 2012, together with numerous other highly prospective gold and silver areas.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Patagonia now has the land surface rights as well as the mineral rights over the whole gold and silver deposit.
The share price rose 3.8% to 47.75p by 14:30PM.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Zohran Mamdani, "Trump's worst nightmare", wows New York
Zohran Mamdani, 33, has won the Democratic candidacy to be mayor of New York. That has energised his supporters and enemies alike – and terrified the rich
-
What's behind the big shift in Japanese government bonds?
Rising long-term Japanese government bond yields point to growing nervousness about the future – and not just inflation