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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 ARGONAUTGOLDon Jan 20, 2024 8:13pm
84 Views
Post# 35837633

RE:RE:Okay, we'll take a quick look at "Centamin PLC".

RE:RE:Okay, we'll take a quick look at "Centamin PLC".The average P/E ratio of 85 different gold mining companies is 42.9. This suggests that an annual diluted EPS of less than CA$0.188 would result in a stock price per share value of CA$2.00. For example, if we divide a stock price per share value of CA$2.00 by the P/E ratio of 42.9, we should conclude that the annual EPS is CA$0.046. Next, we need to multiply Argonaut Gold’s total outstanding common shares (1.09B) by CA$0.046. This calculation suggests that the annual earnings are CA$50.14M. Now, we must calculate the annual revenue. Assuming a profit margin of 20%, we multiply CA$26.16M by 5 (since 20% X 5 = 100%), which suggests that the annual revenue is CA$250.7M. In order to generate an annual revenue of CA$250.7M, the company must produce and sell a total of 124Koz within 12 months.
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