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Argonaut Gold Inc T.AR

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

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

Bullboard Posts
Post by MikeySwooshon Jan 15, 2016 9:12am
162 Views
Post# 24461253

Magino metrics improving by the day...

Magino metrics improving by the day...The link below is based on the updated September 2015 preliminary economic assessment. With fuel prices and CAD having dropped considerably since then, and the POG hanging in there in USD, Magino looks like a more and more compelling asset in the portflolio. Obviously one of the major headwinds with Argonaut is that they need to finance the project, along with San Agustin and San Antonio, but as the metrics improve, financeers, whether through streaming (Magino has a lot of silver ounces as well) or through a debt deal, are more likely to be knocking on the door, or at least willing to negotiate better financing deals for Argonaut. GLTA  

https://www.theglobeandmail.com/globe-investor/news-sources/?mid=ccnm.20150917.201509171025546001
Bullboard Posts