trending Market Intelligence /marketintelligence/en/news-insights/trending/tkg3_ZmiFlPNzlU6MljDYQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Patagonia Gold to acquire Calcatreu deposit from Pan American Silver for US$15M

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Patagonia Gold to acquire Calcatreu deposit from Pan American Silver for US$15M

Patagonia Gold Plc said Dec. 11 that it will proceed with the acquisition of the Calcatreu gold-silver deposit in Argentina from Pan American Silver Corp. for US$15 million after completing a recent £7.8 million share placement.

The option over Calcatreu was secured in April at the same time Patagonia signed the deal to purchase Pan American's Cap-Oeste Sur Este gold-silver project, which is also in Argentina.

Patagonia and Pan American agreed to further extend the deadline for Patagonia to exercise the option and execute a definitive agreement to Dec. 22, as the companies remain in talks to finalize the definitive deal. The option agreement was initially set to expire Oct. 24 and was previously extended to Dec. 8.

According to Patagonia, Calcatreu is estimated to host indicated resources of 8 million tonnes at 3.04 g/t of gold equivalent for 780,000 ounces of gold equivalent and inferred resources of 255,000 ounces at 2.32 g/t of gold equivalent. This resource model was completed in 2008 using a gold price of US$650 per ounces and a silver price of US$12.50 per ounce.

The company plans to explore the area immediately around the existing resource to increase the estimates before completing a feasibility study and developing the asset. Patagonia expects generating and drilling Calcatreu targets to take up to 18 months.