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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

Post by oxinoson Jul 09, 2020 1:58pm
387 Views
Post# 31246584

You have to hand it to AR management

You have to hand it to AR management They have combined with Alio Gold and have arranged a bought deal financing that when completed will have about Cad $ 200.00 million including the US 60.0 million that they have in the treasury. With this cash position they will be able to advance the Magino project to production with very little extra financing because the cash flow generated will be able to cover the rest of the cost related to the construction of the Magino project. Something that they admitted were not able to do beforehand without a partner. So things are really looking up for the company and by extension the shareholders. 
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