HGLD
Patagonia Gold Corp.0.1100
+0.0052+4.96%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
51.16MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0%Recent Filings
10-K
FY2019 results
Patagonia Gold Corp. reported FY2019 revenue of $21.9M, down 54% y/y from $47.4M, driven by the February closure of Lomada and care-and-maintenance shift at Cap-Oeste, which slashed output to 10,585 oz AuEq from 42,900 oz. Martha contributed steadily with 1,008 oz AuEq at $714/oz cash costs, while Lomada's final-year push yielded 3,969 oz gold at $437/oz before shutdown. Q4 momentum faltered amid operational pauses, yet heap leach residuals sustained $5.5M gross profit despite $9.7M net loss, widened by $2.4M inventory writedowns and $2.0M impairments. Liquidity strained with $22.5M working capital deficit, offset by $15M related-party facility at 5%; no dividends or buybacks, capex trimmed to $0.9M. Calcatreu drilling eyes 2020 feasibility. Regulatory hurdles in Argentina threaten quarterly restarts.
10-Q
Q1 FY2020 results
Patagonia Gold swung to a $0.4M net profit in Q1 2020 ended March 31, up from a $4.0M loss a year earlier, fueled by revenue climbing 7% y/y to $5.2M while costs plunged 64% to $2.4M, dodging last year's $2.4M inventory writedown on Lomada and Cap-Oeste pauses. Gross margins soared to 53% from a negative 40%, with operating income flipping positive at $0.2M versus a $1.7M loss; diluted EPS hit $0.00 on 318M shares, reconciling neatly without anti-dilution flags. Cash from operations hit $1.3M, ending with $0.7M on hand amid $11.6M bank debt and $14.8M related-party loans (5-8% rates, due 2021-22), plus $2.9M asset retirement obligations. No M&A closed this quarter, but a corporate reorganization merged units to streamline Cap-Oeste development. Exploration ticked down 18% y/y to $0.7M across Calcatreu and La Josefina. Yet regulatory hurdles in Argentina could snag project timelines.
10-Q
Q3 FY2019 results
Patagonia Gold's Q3 2019 revenue fell 34% y/y to $6.3M, with gross profit dropping to $2.8M from $6.5M amid Lomada closure and Cap-Oeste care-and-maintenance, yet Q/Q revenue edged up 13% from Q2's $5.5M (derived). Operating loss widened to $0.5M from a $5.2M profit, driven by higher exploration costs, while net loss hit $1.0M versus $4.6M profit, largely from $1.2M tax expense. YTD revenue plunged 55% to $16.9M with a $4.0M net loss, reflecting $2.4M inventory writedown; diluted EPS was -$0.02 on 270M shares, consistent with no anti-dilution. Cash rose to $1.5M with $4.6M operating cash flow, but debt climbed to $26M including $11.4M related-party long-term at 5-8% due 2021-2022; the July reverse acquisition added $2.7M goodwill and $8.3M mineral properties. Free cash flow stood at $4.1M after $0.5M capex. Reverse acquisition closed July 2019 via 254M shares for 80% control, recognizing $4.6M PPE. Regulatory hurdles in Argentina's highly inflationary economy pose ongoing risks.
8-K
Delays Q1 filing amid COVID
Patagonia Gold Corp. is delaying its Q1 2020 10-Q filing due to COVID-19 disruptions in travel, transportation, and facility access, which hampered staff support for the review process. The company invoked an SEC order granting exemptions for pandemic-related delays, aiming to submit the report by June 30, 2020—45 days past the original May 15 deadline. COVID-19 threatens mining operations, supply chains, and capital access. Management monitors closely to curb losses.
8-K
Delays 2019 annual report
Patagonia Gold Corp. is delaying its 2019 annual report on Form 10-K, originally due March 30, 2020, due to COVID-19 disruptions in travel, transportation, and facility access that hampered staff support for the review. The company relies on an SEC order granting exemptions for timely filings amid the pandemic. It expects to file by May 15, 2020. COVID-19 threatens operations, supply chains, and capital access.
IPO
Website
Sector
Industry
AEM
Agnico Eagle Mines Limited
166.53-1.87
ASM
Avino Silver & Gold Mines Ltd.
6.17+0.09
BGAVF
Bravada Gold Corp.
0.03-0.00
HLSCF
HIGHLANDER SILVER CORP
2.79-0.21
JGLDF
JAPAN GOLD CORP
0.08-0.00
KGC
Kinross Gold Corporation
27.81-0.35
NGLD
Nevada Canyon Gold Corp
0.58-0.07
PEXZF
Pacific Ridge Exploration Ltd.
0.16+0.00
PLG
Platinum Group Metals Ltd.
2.74+0.06
RGLD
Royal Gold, Inc.
218.09+2.09