Appointment of New Chief Operating Officer
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APPOINTMENT OF NEW CHIEF OPERATING OFFICER
December 13, 2019 Vancouver, B.C. Patagonia Gold Cor p. (“Patagonia” or the
“Company”) (TSXV: PGDC) is pleased to announce the appointment of Mr. Jorge Sanguin
as Chief Operating Officer (“COO”) of the Company, ef fective January 1, 2020. Mr.
Sanguin will succeed Mr. Leon Hardy, who was appointed COO on July 22, 2019.
On August 14, 2019, Mr. Sanguin was appointed Operations Director of the Company and
it was anticipated that Leon Hardy would step down in his role as COO to join the Board
of Directors. The Company’s intention is to nominate Mr. Leon Hardy to the Board of
Directors at the upcoming Annual General Meeting sc heduled to be held in February
2020.
Prior to joining the Company as Operations Director, Mr. Sanguin held senior key positions
in a number of mining operations in Argentina, incl uding until February 2019 General
Manager of Cerro Moro (Yamana Gold Inc., YRI:TSX), Mining Manager at Manantial Espejo
(Pan American Silver Corporation, PAAS:TSX) and prev iously President and General
Manager of Cerro Vanguardia (AngloGold Ashanti Limited, AU:NYSE).
The Company believes Mr. Sanguin’s extensive experience will be of considerable benefit
in advancing the proposed development of the Company ’s underground project at Cap-
Oeste. In addition, Mr. Sanguin will oversee the p reparation of the Calcatreu feasibility
study, which is expected to commence shortly.
About Patagonia Gold
Patagonia Gold Corp. is a mining and development com pany listed on the TSX Venture
Exchange. The Company seeks to grow shareholder val ue through exploration and
development of gold and silver projects in the Pata gonia region of Argentina. The
Company is primarily focused on the Calcatreu project in Rio Negro and the development
of the Cap-Oeste underground project. Patagonia, ind irectly through its subsidiaries or
under option agreements, has mineral rights to over 350 properties in several provinces
of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz,
Argentina.
For more information, please contact:
Dean Stuart
T: 403 617 7609
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
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FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited
to, statements about the Company’s focus on growing shareholder value and the
development of the Cap Oeste underground project, a dvancement of the Calcatreu
project, preparation of the Calcatreu feasibility study and the Company’s future plans and
intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimat e”, “predict” or “potential” or the
negative or other variations of these words, or similar words or phrases, have been used
to identify these forward-looking statements. These statements reflect management’s
current beliefs and are based on information currently available to management as at the
date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from
the results discussed or implied in the forward-loo king statements. These factors should
be considered carefully and readers should not plac e undue reliance on the forward-
looking statements. Although the forward-looking st atements contained in this news
release are based upon what management believes to be reasonable assumptions, the
Company cannot assure readers that actual results will be consistent with these forward-
looking statements. These forward- looking statemen ts are made as of the date of this
news release, and the Company assumes no obligation to update or revise them to reflect
new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange ) accepts responsibility for the
adequacy or accuracy of this release.