Argonaut Gold Inc T.AR

Alternate Symbol(s): T.AR.DB.U | ARNGF

Metals & Mining Gold

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.

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Argonaut Gold Inc

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Comment by MikeySwooshon Jan 12, 2016 9:26am

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Post# 24449236

RE:RE:The 20 Best Risk/Reward High Return Gold & Silver Stocks

One thing perhaps left out of this analysis is that Magino, being in Canada, is a nice natural hedge. Gold and oil are generally reversely correlated to the US dollar, and so if the US dollar continues to appreciate, and oil prices don't recover, the economics at Magino should continue to stay relatively strong, despite what may not be a very compelling market for gold prices.

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