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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 crazytimeson Dec 20, 2023 1:20pm
174 Views
Post# 35794114

Dear AR Gold! ALAMOS KEPT THEIR MEXICAN MINE!! WHY DON'T WE?

Dear AR Gold! ALAMOS KEPT THEIR MEXICAN MINE!! WHY DON'T WE?Mexican assets are not worthless! Many companies operating heavily in Mexico have greater market caps than ours! The Mexican Assets are throwing off approx. 35 million in free cash flow this year at lower gold prices! If we hedged their production for the next one or two years today at $2035, kept them and could squeeze another year or two out of them before they needed any real investment they would likely produce $40 mill of free cash flow per year or more. It would also offset our Magino hedges. Then in one or two years with Magino and Florida Canyon running at full tilt, we would easily have the funds to invest and optimize Mexico. I only suggest this because there is talk of not realizing any real cash from them for several years after the sale. If that is the case why not keep them. Even our neighbor Alamos founding mine was in Mexico and still going strong and very profitable! WHY NOT BE LIKE ALAMOS AND HAVE IT ALL!!!! Just my opinion. Sometimes you don't know what you have till it's gone!!!! 
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