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Argonaut Gold Inc ARNGF


Primary Symbol: T.AR Alternate Symbol(s):  T.AR.DB.U

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.


TSX:AR - Post by User

Comment by ARGONAUTGOLDon Apr 25, 2024 12:22pm
109 Views
Post# 36007401

RE:RE:RE:RE:RE:Withholding of Material Information

RE:RE:RE:RE:RE:Withholding of Material Information
In regard to Florida Canyon, the tech report states CapEx for 2024 was supposed to be US$17 million and not US$70 million. How on earth could this company not plan for the construction of the third leach pad prior to the release of the tech report?
 
As the company stated, without the third leach pad, Florida Canyon wouldn’t be producing anything.
 
Why was the third leach pad not included in the tech report?
 
This makes no sense as the mine has a 10-year life and without the pad, the mine wouldn’t be producing anything.
 
You would think these so called 'professionals' who claim to have been operating Gold mines successfully for years would have concluded in the first 5 years of operations that their mine would require a substantial investment as the operation requires an additional leach pad and would have included the CapEx for the third leach pad in the original tech report.
 
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