Patagonia Gold Quarter 2 2026 Financial Results

VANCOUVER, British Columbia, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results for the quarter ended June 30, 2026 (“Q2 2026”). The financial statements together with the related management’s discussion and analysis are available on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Highlights * Produced 1,960 gold equivalent ounces(()(1)) and sold 515 gold equivalent ounces(()(1)) in Q2 2026 from the Calcatreu operations. * Produced 443 gold equivalent ounces(()(2)()) and sold 547 gold equivalent ounces(()(1)) in Q2 2026 from the Cap Oeste residual operations. * Generated revenue of US$4.5 million in Q2 2026. * Spent approximately US$0.7 million on exploration, including US$0.2 million at Calcatreu and US$0.5 million on projects in Santa Cruz, which were capitalized and expensed, respectively. * Continued exploration drilling at Calcatreu aimed at expanding the project’s mineral resources. Notes: ((1) )Consisting of 1,934 gold and 1,780 silver ounces of production and 511 gold and 232 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities each period. The ratio for three months ended June 30, 2026 was 62.35:1 (2025 – 96.11:1). ((2) )Consisting of 214 gold and 14,524 silver ounces of production and 267 gold and 18,111 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities each period. The ratio for three months ended June 30, 2026 was 62.35:1 (2025 – 96.11:1).