Patagonia gold enters into option agreement with newmont corporation

Vancouver, british columbia, april 02, 2025 (globe newswire) -- patagonia gold corp. (“patagonia” or the “company”) (tsx.v:pgdc) is pleased to announce that it has entered into a binding letter agreement dated 1 april, 2025 (the “option agreement”) with oroplata s.a., an argentinean subsidiary of newmont corporation (nyse: nem, tsx: ngt, asx: nem, pngx: nem) (“newmont”). the option agreement grants newmont an option (the “option”) to acquire a 100% undivided interest in the company's tornado and huracan gold and silver properties, including a separate exploration permit named “el diablo” (collectively, the “properties”) in return for making aggregate cash payments of us$ 1,500,000, as described below.
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