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 > AISC's at Magino

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Comment by ARGONAUTGOLDon May 06, 2023 1:53pm

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Post# 35434706

RE:AISC's at Magino

Magino EAC: US$103 million

Total cash and cash equivalents: US$58.406 million (Net debt US$83.3 million)

Operating cash flow: US$9.764 million Undrawn debt capacity: US$104.0 million at quarter-end

Argonaut Gold has only completed phase 1a of tailings dam. I don't see how they could possibly complete an additional 3 phases at US$103 million. 2023 shares will dilute again because of additional financing.

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Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire