UK 10:39 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Bill Humphries, entrepreneurial managing director of unloved Patagonia Gold (PGD), says he is talking to three banks about potential funding in the region of $20 million (£13 million) to help double gold production from its projects in southern Argentina’s Deseado Massif region to 60,000 oz. a year by 2017. According to Humphries, the Australian ex-boss of mining concern Brancote, the AIM quoted company expects a pre-feasibility study imminently on what he argues will become its flagship heap leach project at Cap Oeste and believes the study will confirm an increase on present resource estimates of 1.4 million oz., with 400,000 oz. in the near-surface oxide zone.
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