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Patagonia Gold Plc
Patagonia Gold confirms the elimination of tax on gold exports in Argentina
London, United Kingdom - 23 December 2015 - Patagonia Gold Plc (AIM: PGD)('Patagonia Gold' or the 'Company') confirms that the tax on gold exports has been removed in Argentina.
Following an announcement last week by the Argentine government eliminating the export tax on farm and industrial products, it was confirmed yesterday that the measure includes removal of the 5% tax on mining products. The export tax on mining products was introduced in December 2007.
This measure coupled with the recent announcement removing exchange controls and the import restrictions continues to improve the overall economic environment in Argentina and opens new opportunities for Patagonia Gold.
Ends
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on three projects: the flagship Cap-Oeste/COSE project, the La Manchuria project and the Lomada heap leach project, which is generating free cash flow. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.
Contact Information
Christopher van Tienhoven
Patagonia Gold S.A.
+54 911 5278 6950
Angela Hallett/James Spinney
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
Jeremy Stephenson/Stewart Dickson
Cantor Fitzgerald Europe
Tel: +44 (0)20 7894 7000
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Patagonia Gold PLC
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CODE : PGD.L |
ISIN : GB0003049409 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Patagonia Gold is a gold exploration company based in United kingdom. Patagonia Gold holds various exploration projects in Argentina. Its main exploration property is LA MANCHURIA in Argentina. Patagonia Gold is listed in United Kingdom. Its market capitalisation is GBX 73.3 billions as of today (US$ 79.4 billions, € 70.8 billions). Its stock quote reached its lowest recent point on December 08, 2017 at GBX 0.80, and its highest recent level on February 15, 2019 at GBX 97.50. Patagonia Gold has 2 363 474 884 shares outstanding. |