Patagonia Gold Corp. corrects cost assessment for Calcatreu Gold-Silver Project in…
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Patagonia Gold Corp. announced corrections to the figures used in the Preliminary Economic Assessment (PEA) for the Calcatreu Gold-Silver Project in Río Negro Province, Argentina. The company stated that the Cash Cost and All-In Sustaining Cost (AISC) figures inadvertently included estimated income tax, which is excluded under their methodology. Further corrections involved the regional development tax calculation and the silver recovery assumption.
From manilatimes.net
Why it matters
The company clarified that the silver recovery assumption was incorrectly reported as 30% when the economic model used 45%. Patagonia Gold Corp. stated that these corrections do not change the modelled silver production, cost metrics, or economic results.
From manilatimes.net
Who's involved
- ArgentinaCountry where the project is located
- Río Negro ProvinceProvince of Argentina where the project is located
- British ColumbiaHome province of the company announcing the assessment corrections
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the Calcatreu Project's revised economic outlook affect Javier Milei's administration?Calcatreu project's tax corrections may prompt review of Argentina's resource regulationsPossible
- How could the Calcatreu Gold-Silver Project revisions affect the International Monetary Fund?Improved viability of Argentine gold project may strengthen Argentina's economic outlook.Possible
- How could the Calcatreu Gold-Silver Project's economic corrections affect Luis Caputo?Project corrections may shift Argentina's resource revenue outlookPossible
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The entities involved
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Argentina
country in South America
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Río Negro Province
province of Argentina
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