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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

Comment by masfortunaon Aug 16, 2020 1:40pm
229 Views
Post# 31414792

RE:RE:Sad Reflection

RE:RE:Sad ReflectionNothing wrong with a negative comment if you can substantiate it. Same can be said with any positive comments.  Both can be dangerous to an investor if taken at face value.

Here is 1 from both ends of the spectrum:

Macro
#1  Gold is going to struggle this week with the rising US dollar, positive yield news, an the euphoria possibly attached to any "miracle vaccine". I think we see support in the $1940 range BUt if $1920 breaks , we may see $1800 again.

#2  With a looming election that promises to be very divisive, a possible inflationary move from the FEDs who may still pass a Trillion dollar aid package (!!!) and a possible increase in covid cases worldwide, we may see $2100 this fall.  


As for Argonaut, they have the potential to be a great company but have to start showing the market they can execute.  I own shares and plan on holding through 2021. That gives this company 3-4 quarters to start executing and show me and the greater market what they can do. If by then we will still be talking about "potential", then I am out and will look to reinvest in companies that have already proven they know how to be successful. Incidentally, I don't think that the sharp rise in gold (about 30% this year) has been passed on to the miners.  I think at $1800 gold we may still se a very pretty upswing in the sp.

Good Luck!
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