Formerly named HPD Exploration Plc, the Company was originally incorporated in 2000 as a wholly owned subsidiary of Brancote Holdings Plc in order to hold exploration projects other than its Esquel Gold Project in Argentina. Brancote Holdings Plc proceeded to demerge its subsidiary by way of an offer to shareholders and HPD Exploration Plc traded on OFEX from January 2001. Brancote Holdings Plc was subsequently acquired by Meridian Gold Inc. in July 2002 for US$368 million. HPD Exploration Plc changed its name to Patagonia Gold Plc and took a major step towards development of its holdings by listing on the AIM market of the London Stock Exchange in March 2003.
In 2007, Patagonia Gold acquired Barrick’s properties in the Province of Santa Cruz and in 2011 an agreement was entered into with the provincial mining company, Fomicruz whereby Fomicruz contributed a number of properties to Patagonia Gold in exchange for a 10% participation in the overall portfolio of properties in Santa Cruz.
The Company now holds approximately 420,000 hectares of mining properties in the Province of Chubut, primarily in the vicinity of Pan American Silver’s Navidad world class silver project and Yamana’s Esquel project. In addition, the Company holds 20,000 hectares of properties in the Rio Negro Province. In 2015, Patagonia Gold also optioned several mining properties in Uruguay through an agreement with Trilogy Mining Corporation.
Today we have one producing mine that is nearing the end of its life – Lomada de Leiva – and another that is just beginning – Cap-Oeste. In addition we have a pipeline of projects and exploration targets which should provide the foundation for our growth into the next decade.