Patagonia Gold Corp. (TSXV:PGDC) agreed to acquire the COSE Property from Pan American Silver Corp. (TSX:PAAS) on February 27, 2024.

The consideration includes assumption of PAAS?s costs and liabilities in relation to COSE and the remaining closure costs of COSE. Completion of the Transaction is subject to, among other things, the satisfaction or waiver of certain conditions precedent relating to the Company?s assumption of existing NSR royalties. The Company has 30 days to satisfy such conditions precedent and the Transaction will be automatically deemed closed and become effective upon PAAS?s written acceptance of the Company satisfying such conditions.